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5150 S Calumet Ave 8 Unit Apartment Building $2,050,227 CAD ($256,278 CAD/Unit) 7.72% Cap Rate Chicago, IL 60615
Investment Highlights
- Fully Rehabbed Property Featuring Modern Finishes
- Highly Desirable Washington Park Location
- Ideal unit mix of 7 3Bd/2Ba and 1 2Bd/2Ba Apartments
- Strong In Place Rent Roll
Executive Summary
Interra Realty is pleased to exclusively present for sale 5150 S Calumet Ave. The subject property is an attractive eight unit center entrance apartment building. The building has undergone a complete rehab featuring expansive living spaces and modern finishes out. The unit mix at the property is comprised of seven (7) three-bedroom two-bathroom and one (1) two-bedroom and two-bathroom units.
Extensive updates to the property include luxury vinyl plan flooring and individual furnaces and hot water heaters. Kitchens have been appointed with modern cabinets, granite countertops and stainless steel appliances. Bathrooms have been updated with modern vanities and tile surrounds.
The property is located with convenient access to the I-90 expressway, one block from the 51st St. Green Line Station, and just one block west from Washington Park offering residents convenience and recreation. Investors have the opportunity to acquire a turnkey property with strong in place rents and a 7.72% cap rate.
Extensive updates to the property include luxury vinyl plan flooring and individual furnaces and hot water heaters. Kitchens have been appointed with modern cabinets, granite countertops and stainless steel appliances. Bathrooms have been updated with modern vanities and tile surrounds.
The property is located with convenient access to the I-90 expressway, one block from the 51st St. Green Line Station, and just one block west from Washington Park offering residents convenience and recreation. Investors have the opportunity to acquire a turnkey property with strong in place rents and a 7.72% cap rate.
Property Facts
| Price | $2,050,227 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $256,278 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 7.72% | Building Size | 8,000 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1898/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM-5 | ||
| Price | $2,050,227 CAD |
| Price Per Unit | $256,278 CAD |
| Sale Type | Investment |
| Cap Rate | 7.72% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 8,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1898/2023 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | 835 |
| 3+2 | 7 | - | 1,052 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 20-10-305-022-0000 | Improvements Assessment | $61,517 CAD |
| Land Assessment | $42,063 CAD | Total Assessment | $103,580 CAD |
Property Taxes
Parcel Number
20-10-305-022-0000
Land Assessment
$42,063 CAD
Improvements Assessment
$61,517 CAD
Total Assessment
$103,580 CAD
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5150 S Calumet Ave
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