5938-40 S Calumet Avenue, Chicago, IL 60637

13 Photos
 
$998,900
Active for Sale
 
Listing ID 11185461
Property Type Multi-Unit (5+)
County Cook
Township Hyde Park
Neighborhood CHI - Washington Park
Total Tax $7,664
Tax ID 20153040310000
FEMA Flood Map fema.gov/portal
Year Built 1920
   
Virtual Tour
Vintage 1920's 8 unit apartment building in the South Side's emerging Woodlawn quadrant. All units have generous room sizes, nine foot ceilings, oroginal restored hardwood floors. All eight units have separate gfa furnaces and hot water tanks. The apartment mix consists of A: 5, 4 bedroom, 1 bath units, B. 1, 3 bedroom, 1 bath unit; C. 1 1 bedroom, 1 bath unit; D. 1 studio unit. All units are leased. Cap rate on property is 8.7 Note the spacious lot dimensions. Property has a large gated rear yard for tenant enjoyment . some parking off the alley
Property Details
  • Built in 1920
  • 8 Units
  • Lower Level: Finished
  • Lot Size Dimensions: 50X170
  • Zoning: COMMR
  • Location Details: Empowerment zone,enterprise zone,in city limits
Interior Features
  • Forced Air
  • Gas Fuel
  • Central A/C
  • Electric Details: Circuit Breakers
  • Fire Protection Details: Smoke or fire protectors,carbon monoxide detector(s)
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Municipal
Exterior Features
  • Masonry - Concrete Block Construction
  • Brick Siding
  • Stone Siding
  • Tar Roof
  • Frontage Type: City Street
Commercial Info
  • 9% Cap. Rate
Income/Expenses
  • Gross Income $139,440
  • Net Income $111,397
  • Operating Exp $28,643
  • Maintainence Exp $5,200
  • Insurance Exp $4,967
  • Electric Exp $780
  • Water Exp $2,762
Taxes and Fees
  • $7,664 Total Tax
  • Tax Year 2021
  • Gross Scheduled Income: 140040
  • Trash Expense: 1600
  • Operating Expense Includes: Maintenance Grounds
Listed By
Marguerite Dooley
Charles Rutenberg Realty of IL
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