559 Wentworth Avenue

Calumet City, IL 60409

$1,850,000
Last Sold Price
33
Beds
36
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Pleased to present the opportunity to purchase the multi-family investment property located at 551-559 & 561 Wentworth Avenue in Calumet City, Illinois (the "Property"). The Property includes three 3-story, multi-family buildings, containing thirty-six (36) rental units. The unit matrix includes thirty-three (33), 1-Bedroom/1-Bathroom units and three (3), Studio units with 30,000 square feet of living area in 36,000 square feet of gross area. The well-maintained brick apartment buildings were constructed...Pleased to present the opportunity to purchase the multi-family investment property located at 551-559 & 561 Wentworth Avenue in Calumet City, Illinois (the "Property"). The Property includes three 3-story, multi-family buildings, containing thirty-six (36) rental units. The unit matrix includes thirty-three (33), 1-Bedroom/1-Bathroom units and three (3), Studio units with 30,000 square feet of living area in 36,000 square feet of gross area. The well-maintained brick apartment buildings were constructed in 1968 on a 0.52-acres of land with twenty (20) on-site parking spaces. The property is located in Calumet City, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to the Kingery Expressway, which connects with I-80, I-94, I-294, I-394, IL-83, and US Routes 20, 41 and 6. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.
  1. Listed by Anthony Spangler • Horvath & Tremblay IL, LLC

Sold By Horvath & Tremblay IL, LLC

Property Details for 559 Wentworth Avenue

Area
Calumet City
Township
Thornton

Location

Add your commute
LISTING UPDATED: 12/19/2023 10:11 AM

Property Details for 559 Wentworth Avenue

StatusClosed
MLS #11789104
Days on Market211
Taxes$85,782 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1968
Lot Size0.55 AC / 23,932 SF
CountyCook County

Location

Add your commute

Building Information for 559 Wentworth Avenue

Stories-Residences36Year Built1968Building Size-Lot Size0.55 AC / 23,932 SF

Payment Calculator

$17,245 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$7,149

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 559 Wentworth Avenue

General Information
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Gas,Baseboard,Radiant
  • Num of Baths: 36.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 124X193
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 14
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 36
Income & Expenses
  • Electric Expense: $2,500.00
  • Fuel Expense: $28,529.00
  • Gross Income: $366,360.00
  • Gross Scheduled Income: $366,360.00
  • Insurance Expense: $10,000.00
  • Maintenance Expense: $10,500.00
  • Janitor Expense: 0
  • Other Expense Source: Broker Projection
  • Total Monthly Income: 30530
  • Net Operating Income: $173,527.00
  • Operating Expense: $174,515.00
  • Other Expense: $2,500.00
  • Trash Expense: $2,863.00
  • Water Sewer Expense: $14,438.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 33
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 559 Wentworth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 559 Wentworth Avenue

Taxable ValueLand$13,653Additions$96,983Total$110,636
Tax Record2022$89,176 ($7,431 / month)
Home Facts
Lot Size22,755 SqFtStyleMulti-Family Res (5+ Units)Year Built1968CountyCOOKAPN30-08-405-036

Schools near 559 Wentworth Avenue

This home is within Calumet City School District 155.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Wilson Elementary School
PublicPK to 2

Wentworth Intermediate School
Public3 to 5

Wentworth Jr High School
Public6 to 8

Thornton Fractional North High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay IL, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.