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551-561 Wentworth Ave
Calumet City, IL 60409
Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- Strong Rental Market
- Convenient Suburban Location
- Value-Add Opportunity
- Transit Oriented Location
- Strong School District
- Attractive, Low Maintenance Brick Buildings
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the opportunity to purchase the multi-family investment property located at 551-559 & 561 Wentworth Avenue in Calumet City, Illinois (the “Property”). The Property includes three (3), 3-story, multi-family buildings, containing thirty-six (36) rental units. The unit matrix includes thirty-three (33), 1-Bedroom/1-Bathroom units and three (3), Studio units with 30,000 square feet of living area in 36,000 square feet of gross area. The well-maintained brick apartment buildings were constructed in 1968 on 0.52-acres of land with twenty (20) on-site parking spaces. The property is located in Calumet City, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to Interstates 90, 94, 294, 80 and 57 as well as US Routes 20, 41 and 6. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.
PROPERTY FACTS
| Price Per Unit | $113,907 CAD | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 36,000 SF |
| Cap Rate | 8.81% | Average Occupancy | 100% |
| No. Units | 36 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.56/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | MF | ||
| Price Per Unit | $113,907 CAD |
| Sale Type | Investment |
| Cap Rate | 8.81% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 36,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 0.56/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF |
PROPERTY TAXES
| Parcel Number | 30-08-405-036-0000 | Improvements Assessment | $159,881 CAD |
| Land Assessment | $12,441 CAD | Total Assessment | $172,323 CAD |
PROPERTY TAXES
Parcel Number
30-08-405-036-0000
Land Assessment
$12,441 CAD
Improvements Assessment
$159,881 CAD
Total Assessment
$172,323 CAD
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