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Listed by Michael Scanlonof eXp Realty
-
Est. payment /mo
Active
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 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
Fantastic opportunity for investors and house hackers in Calumet City with cash flow from day one! This fully occupied brick two-unit property features two bedrooms and one full bathroom in each apartment, with approximately 1,601 total square feet. Both units have practical layouts, equipped kitchens, spacious bedrooms, generous closet space, and their own laundry rooms. Gas and electric are separately metered, and each unit has forced-air heating. Outside, the property offers a spacious backyard and a long driveway with off-street parking. The one-story layout and slab foundation also mean there is no basement or shared basement area to maintain. The front unit currently rents for $1,300 per month, while the rear unit rents for $1,285, generating $2,585 in monthly rent and $31,020 annually. Based on estimated operating expenses of 35%, the property produces an estimated NOI of $20,163 and a cap rate of approximately 9.6% at the asking price. Pro forma rents are estimated at $2,840 per month, offering the potential for an approximately 10.5% cap rate. A solid addition to any rental portfolio with established income and room for future rent growth. Sold as-is. 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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