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Listed by Michael Scanlonof eXp Realty
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Est. payment /mo
New
808 Mackinaw AVE Calumet City, IL 60409
4 Beds
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12736440
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
Community Sidewalks, Street Paved
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
View Y/N true
Building
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
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