ON MARKET – MULTI-FAMILY
117-121 167th Street Calumet City, IL 60409
PRICE
$1,968,000
NUMBER OF UNITS
30
CAP RATE
7.36%
PROPERTY LISTED

Essex Realty Group is pleased to present the sale of 117-121 167th Street, a multifamily opportunity located in Calumet City, Chicago. This listing consists of two brick multifamily buildings with thirty apartment units in total, connected by a beautiful courtyard. Behind each building are fifteen surface parking spaces which currently are not being monetized. The buildings were built in the sixties and have not had any major improvements since. The units feature laminate kitchen counter tops, mix of white & black appliances, as well as a mix of hardwood and carpeted flooring. There are two (2) one bed / one bathroom apartments and twenty-eight (28) two bed / one bathroom apartments. In each building is a laundry facility with three washers and three dryers. This opportunity is an ideal investment for someone who is either just building their portfolio as the unit mix is mostly large two bedroom units. This is also an excellent investment for the more experienced buyer as this is a value-add play.

LOCATION DETAILS

Calumet City, Illinois is just 19 miles south of Chicago's Loop and is located across the southeast boundary of the city of Chicago at the state line between 143rd Street and 163rd Street, east of the Bishop Ford Freeway. Originally known as West Hammond, Calumet City shares State Line Road with Hammond Indiana.
The subject property is surrounded by city parks, playgrounds, and The Little Calumet River. Purdue University Hammond Campus is only 3.7 miles away making this a convenient location for any students.

HIGHLIGHTS
  • Easy Value-Add
  • Tenant Paid Heat
  • Long Term Tenants
  • 30 Surface Parking Spaces
LISTING BROKER
Brian Mond
Director
312.662.9590