5938-40 S Calumet Avenue Chicago, IL ^$ 998,900

5938-40 S Calumet Avenue

^$ 998,900

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5938-40 S Calumet Avenue

Chicago, IL, 60637

^$ 998,900

Bedrooms8 Baths0.0

Monthly Estimate*

^$ 6,639

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Multi-Family Home for sale in Chicago, IL

for $998,900 with 8 bedrooms. This home was built in 1920.

Vintage 1920's 8 unit apartment building in the South Side's emerging Woodlawn quadrant. All units have generous room sizes, nine foot ceilings, oroginal restored hardwood floors. All eight units have separate gfa furnaces and hot water tanks. The apartment mix consists of A: 5, 4 bedroom, 1 bath units, B. 1, 3 bedroom, 1 bath unit; C. 1 1 bedroom, 1 bath unit; D. 1 studio unit. All units are leased. Cap rate on property is 8.7 Note the spacious lot dimensions. Property has a large gated rear yard for tenant enjoyment . some parking off the alley

Multi-Family Contingent

Price

^$ 998,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 7,664

Style

Multi-Family

Year Built

1920

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11812675

Features

General

Cooling Central Air

Utilities Sanitary Sewer Sewer-Storm Available Water-Municipal

Possession Closing

Roof Tar and Gravel

Zoning COMMR

Construction Materials Brick Concrete Stone

Year Built 1920

Electric Circuit Breakers

Tenant Pays Electricity Heat Hot Water

Stories 3

Township Hyde Park

Tax Year 2021

Current Use Multi-Family

Gross Income 139440

County Cook

Net Operating Income 111397

Operating Expense 28643

Insurance Expense 4967

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

Status Contingent

Directions MLK DR. south from 55th St. Right on 60th to Calumet (first right) property on west side of street.

City Chicago

NumberOfUnitsTotal 8

MLS Area CHI - Washington Park

Street Name Calumet

Tax Annual Amount 7664

Electric Expense 780

Fuel Expense 0

Trash Expense 1600

Water Sewer Expense 2762

Additional Parcels Y/N N

Virtual Tour https://www.corelistingmachine.com/home2/AAS8EA

Days on Market 352

Standard Status Active Under Contract

Interior

Total Fireplaces 0

Street Suffix Avenue

Basement Finished

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 50X170

Frontage Type City Street

Exterior Brick Stone

* Excluded Features

List By

Charles Rutenberg Realty Of Il

Broker

rdooley940@sbcglobal.net

Affordability Calculator

$7,278

Per Month

Monthly Principal & Interest: $6,639
Monthly Property Taxes: $639
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$645,608

Percent of Sale Price 35%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/3/2023	$998,900	-16.69%	Price Down
8/15/2023	$1,199,000	-3.23%	Price Down
6/20/2023	$1,239,000		Listed Price

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5938-40 S Calumet Avenue, Chicago, IL, 60637 is a Multi-Family Home for sale at $998,900. 5938-40 S Calumet Avenue has 8 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 60637 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/7/2024.

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5938-40 S Calumet Avenue

Multi-Family Home for sale in Chicago, IL

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