808 Mackinaw AVE, Calumet City, IL 60409
808 Mackinaw AVE, Calumet City, IL 60409
808 Mackinaw AVE, Calumet City, IL 60409
808 Mackinaw AVE, Calumet City, IL 60409
808 Mackinaw AVE, Calumet City, IL 60409
808 Mackinaw AVE, Calumet City, IL 60409
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$ 210,537
Est. payment | /mo

4 Beds

2 Baths

4,791 Sqft Lot


Save
$ 210,537
Est. payment | /mo
Save

4 Beds

2 Baths

4,791 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12712333

Style Ranch

Bedrooms 4

Year Built 1978

Annual Tax Amount $6,902

Tax Year 2024

Lot Size 4,791 Sqft

Lot Dimensions 105.6x75.7x53.6x44.1

Property Sub-Type Two to Four Units

Property Description

Welcome to 808 Mackinaw Ave., Units F & R! Fantastic opportunity for house hackers and investors in Calumet City. The rear unit is currently vacant, giving an owner-occupant the opportunity to move in and begin collecting rental income from the front unit immediately. Investors can also place their own tenant and take advantage of the property's full income potential. This brick two-unit property offers approximately 1,601 total square feet, with two bedrooms and one full bathroom in each apartment. Both units feature functional layouts, equipped kitchens, spacious bedrooms, generous closet space, and private laundry rooms. Gas and electric are separately metered, and each apartment has forced-air heating. Outside, the property features a spacious backyard and a long driveway with ample off-street parking. The one-story layout and slab foundation also mean there is no basement or shared lower-level space to maintain. The front unit is currently rented for $1,300 per month, providing income from day one. The vacant rear unit has an estimated pro forma rent of $1,420 per month, which would bring the property's total projected rental income to $2,840 per month or $34,080 annually. Based on estimated operating expenses of 35%, the property could generate an estimated NOI of $22,152 and an approximate 10.5% pro forma cap rate at the asking price. Whether you're looking to live in one unit while offsetting your housing expenses or add another income-producing property to your portfolio, this is an opportunity worth considering. Sold as-is. SEND AN OFFER! Offers may be submitted subject to a 14-day inspection contingency. Buyer to verify rents, leases, expenses, projections, square footage, and all other property information.

Location

State IL

County Cook

Area Calumet City

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Community Features Sidewalks, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Lincoln Elementary School

Middle Schools Lincoln Elementary School

School District 156 , 156, 215

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
Listed by Michael Scanlon of  eXp Realty 

Nearby Locations

O'Neia Washington
O'Neia Washington

Designated Managing Broker | License ID: 471008905

+1(773) 985-2135 | oneia@owauctiongroup.com

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808 Mackinaw AVE