348 154TH PL, Calumet City, IL 60409 For Rent MLS# 11687628

This listing was posted on ListedBuy.

348 154TH PL, Calumet City, IL 60409 For Rent MLS# 11687628

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BR/BA:

2 BR

Location:

348 154TH PL, Calumet City, IL

Description:

"MAKE THIS CORNER LOT, 5+ UNIT, MULTI FAMILY YOUR OWN! This huge multi family in the heart of Calumet City has tons of potential! Just needs the right touch of TLC. This 4,260 sq ft building is the perfect value-add for the right investor: property has the potential and size to be converted into a legal 6 unit for additional income. Property is also a perfect project for a FHA 203K buyer who's tired of the traditional "cookie cutter" finishes: de-converting the property into a legal 4 unit will allow for FHA/FHA 203K financing. Great opportunity for "house-hacking": use your ideas to make this the perfect live-in property while generating income from the other apartments. This property includes two 2bds/1bth units and four 1bd/1bd units. Property also comes equipped with a private 6 car parking lot (no additional PIN): create assigned spaces to max your full rental income. Property is priced to sell: renovated, sold comparable multi families in Calumet City sold for an average of $310,000! The average market rent for a renovated 2bed unit in Calumet City is $1200, renovated 1bed units can potentially boast $1000. The current building configuration can potentially bring a non-occupying owner $76,800 in gross annual income! Located just a few short blocks from downtown Calumet City, minutes from, shopping, restaurants and public transport. Hurry, don't miss out! property is sold AS-IS Property is fully vacant and EZ to show! Get the best price at ListedBuy!

Property Type:

Homes for Rent

Sq feet:

4,260 sq. ft.

Posted:

May 12 on ListedBuy