7345 South Calumet Avenue
7345 South Calumet Avenue
$520,000
12
4
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Description
7345 s. Calumet Ave is a meticulously maintained four (4) unit building nestled in the vibrant Chicago community of Greater Grand Crossing. Offering a blend of modern amenities and timeless charm, this property presents an excellent opportunity for investors or owner-occupants seeking a solid income-generating asset. 7345 S. Calumet is comprised entirely of 3Bd/1Ba units, each of which boasts thoughtfully designed floor plans with comfortable living spaces and modern finishes. Bright and airy interiors...7345 s. Calumet Ave is a meticulously maintained four (4) unit building nestled in the vibrant Chicago community of Greater Grand Crossing. Offering a blend of modern amenities and timeless charm, this property presents an excellent opportunity for investors or owner-occupants seeking a solid income-generating asset. 7345 S. Calumet is comprised entirely of 3Bd/1Ba units, each of which boasts thoughtfully designed floor plans with comfortable living spaces and modern finishes. Bright and airy interiors are accentuated by a charming sunroom, providing an additional versatile space that can be used as a home office, reading nook, or simply a cozy spot to enjoy the sunlight. Alongside the sunrooms, units feature multiple bedrooms, updated bathrooms, and spacious living areas, providing ample space for residents to relax and entertain. Contemporary kitchens are equipped with standard appliances and ample cabinet space. With four separate units, this property presents a lucrative investment opportunity for discerning buyers. Whether you choose to rent out all units for maximum rental income or occupy one unit while renting out the others, the potential for positive cash flow is evident - from day one, investors can achieve a cap rate of over 7%. Greater Grand Crossing's strong rental market and desirable location make this property a sound addition to any investment portfolio.
- Listed by Aaron Sklar • Kiser Group Realty Inc
- Listed by Noah Birk • Kiser Group Realty Inc
Property Details for 7345 South Calumet Avenue
Area
CHI - Greater Grand Crossing
TownshipHyde Park
OwnershipFee Simple
Num Of Garage Spaces3.0
Num Of Parking Spaces3.0
Heat/FuelNatural Gas, Hot Water/Steam
ZoningMULTI
Location
LISTING UPDATED: 04/21/2024 12:06 AM
Property Details for 7345 South Calumet Avenue
Status | Active |
---|---|
MLS # | 11988448 |
Days on Market | 71 |
Taxes | $4,424 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | 1920 |
Lot Size | 0.24 AC / 10,454 SF |
County | Cook County |
Location
Building Information for 7345 South Calumet Avenue
Stories-Residences4Year Built1920Building Size-Lot Size0.24 AC / 10,454 SF
Payment Calculator
$3,207 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7345 South Calumet Avenue
Property History for 7345 South Calumet Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7345 South Calumet Avenue
Taxable ValueLand$13,331Additions$8,668Total$21,999
Tax Record2022$4,525 ($377 / month)
Home Facts
Baths4Total Finished SqFt4,820 SqFtAbove Grade Finished SqFt4,820 SqFtStories2Lot Size10,665 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyCOOKAPN20-27-117-013
Schools near 7345 South Calumet Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Charter - | 6 to 12 | |||
Charter - | 10 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lenart Elementary Regional Gifted Center PublicPK to 8 | ||
Gary Comer College Prep Charter6 to 12 | ||
YCCS-Progressive Leadership Acad Charter10 to 12 | ||
Robeson 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.
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