535 FREELAND AVE, Calumet City, IL 60409 – 12190938 - Sara Macak

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Sara Macak

saramacak1@gmail.com +1(630) 207-6658

$60,000

Est. payment - /mo

2 Beds

1 Bath

950 SqFt

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UPDATED:

11/21/2024 11:34 PM

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 950 sqft

Price per Sqft $63

MLS Listing ID 12190938

Bedrooms 2

Full Baths 1

Year Built 1923

Annual Tax Amount $7,087

Tax Year 2023

Lot Dimensions 25X125

Property Description

This is an excellent investment opportunity to have an acquisition as a buy and hold rental or to do a rehab. This property features all hardwood floors on the main level, vinyl windows, a large living room with a separate dining room, and large square footage in the bathroom. The basement runs the full length of the home, and the attic can be turned into a second floor with a bungalow up. This home already has a structural engineer report required by the Village to create a second floor. This home has a large fenced in back yard and a 1 car garage. This home is being sold as is, where is. Analysis Rehab AVR 240K 4 bed 2 bath. $88 Per RSF/Sale Valuation: 240K | $303/RSF/Equity Multiple : 1.210x/ Profit : 101.56% Rental Analysis: holding period 10 years Rentals run between $1,200 and $1,300, 1 year cap rate 10%, 10 year Sale Cap Rate : 12.24% This is an excellent investment. Anaysis of all figures available upon request.

Location

State IL

County Cook

Area Calumet City

Rooms

Basement Full

Interior

Heating Natural Gas, Forced Air

Cooling None

Fireplace N

Exterior

Garage Detached

Garage Spaces 1.0

Waterfront false

Roof Type Asphalt

Building

Lot Description Fenced Yard

Dwelling Type Detached Single

Sewer Public Sewer, Other

Water Public

New Construction false

Schools

School District 155 , 155, 155

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

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Listed by Brande Guilmette-Hampton • Centered International Realty

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Sara Macak

Broker | License ID: 475.193648

+1(630) 207-6658