About 5219 South Calumet Avenue
5219 S. Calumet is a 26-unit property located Chicago's historic Washington Park neighborhood. The asset is ideally situated within steps of Washington Park and just one block away from the Metra Train (51st Station), providing quick and easy transit via public transportation to Chicago's Downtown. 5219 S. Calumet is comprised of an incredibly desirable unit mix, consisting of nine (9) 1Bd/1Ba, twelve (12) 2Bd/1Ba, and five (5) 3Bd/1Ba units. All units are incredibly spacious and have been updated both cosmetically and mechanically. In addition, the building boasts wood flooring throughout and easy access to newer laundry machines in the mechanical room. 5219 S. Calumet provides investors with the unique opportunity to obtain a stabilized, cash flowing asset in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate over 7% and a cash return of 5.36%. Additionally, an investor has the option to assume the existing debt (terms below) through Freddie Mac: 5219 S Calumet: - $1,673,420 - 4.97% Rate - 5 Years Remaining
Features of 5219 South Calumet Avenue
| MLS® # | 11977392 |
|---|---|
| Price | $4,125,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1903 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Active |
Community Information
| Address | 5219 South Calumet Avenue |
|---|---|
| Area | CHI - Washington Park |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60615 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Additional Information
| Days on Market | 95 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Kiser Group Realty Inc |
|---|