Description
A rare opportunity to acquire a stable, cash-flowing multi-family property at an attractive value in Calumet City! This turn-key 3-unit property is situated on an oversized lot and offers immediate income potential for both owner-occupants and investors alike. With two units currently leased thru Spring 2027 and one unit vacant, makes this property ideal for buyers looking to take advantage of owner-occupant financing options while generating rental income on day one! The property features two spacious 1-bedroom, 1-bath units and one 2-bedroom,1-bath unit, all offering functional layouts with natural lighting, ample storage, and eat-in kitchens with generous cabinetry and modern stainless steel appliances. Three boilers, three water heaters, and two wall A/C units, were all installed in 2023 providing added value and peace of mind for years to come. The property includes a digital card washer and dryer providing residents with modern convenience while generating additional monthly income for the owner. The property also sits on a massive corner lot with a 8-car driveway, a 2-car garage, and extra land/yard space to bring your ideas. Tenants are on a 1-year lease agreement and are responsible for their own electric, gas, and heating expenses. So whether you're an investor seeking to expand your portfolio or a buyer looking to live in one unit while building wealth through rental income, this property checks all the boxes!
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4BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Information
Description
A rare opportunity to acquire a stable, cash-flowing multi-family property at an attractive value in Calumet City! This turn-key 3-unit property is situated on an oversized lot and offers immediate income potential for both owner-occupants and investors alike. With two units currently leased thru Spring 2027 and one unit vacant, makes this property ideal for buyers looking to take advantage of owner-occupant financing options while generating rental income on day one! The property features two spacious 1-bedroom, 1-bath units and one 2-bedroom,1-bath unit, all offering functional layouts with natural lighting, ample storage, and eat-in kitchens with generous cabinetry and modern stainless steel appliances. Three boilers, three water heaters, and two wall A/C units, were all installed in 2023 providing added value and peace of mind for years to come. The property includes a digital card washer and dryer providing residents with modern convenience while generating additional monthly income for the owner. The property also sits on a massive corner lot with a 8-car driveway, a 2-car garage, and extra land/yard space to bring your ideas. Tenants are on a 1-year lease agreement and are responsible for their own electric, gas, and heating expenses. So whether you're an investor seeking to expand your portfolio or a buyer looking to live in one unit while building wealth through rental income, this property checks all the boxes!
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