7345 South Calumet Avenue

Chicago, IL 60619

$520,000
Price
12
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Aaron Sklar • Kiser Group Realty Inc
  2. Listed by Noah Birk • Kiser Group Realty Inc

Property Details for 7345 South Calumet Avenue

Area
CHI - Greater Grand Crossing
Township
Hyde Park
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Parking Spaces
3.0
Heat/Fuel
Natural Gas, Hot Water/Steam
Zoning
MULTI

Location

Listing Courtesy of Kiser Group Realty Inc
Add your commute
LISTING UPDATED: 04/21/2024 12:06 AM

Property Details for 7345 South Calumet Avenue

StatusActive
MLS #11988448
Days on Market71
Taxes$4,424 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1920
Lot Size0.24 AC / 10,454 SF
CountyCook County

Location

Listing Courtesy of Kiser Group Realty Inc
Add your commute

Building Information for 7345 South Calumet Avenue

Stories-Residences4Year Built1920Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$3,207 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,838

Property Taxes

$369

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7345 South Calumet Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 24
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 12
  • Basement Description: Unfinished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 67X160
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: Commuter Bus,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 7345
  • East Coordinate: 350
  • West Coordinate: 0
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 6
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $525.00
  • Fuel Expense: $4,172.00
  • Gross Income: $51,756.00
  • Insurance Expense: $2,400.00
  • Maintenance Expense: $400.00
  • Manager Expense: $2,588.00
  • Net Operating Income: $18,382.00
  • Professional Management Expense: $400.00
  • Water Sewer Expense: $2,472.00
Unit 1
  • Unit Type Actual Rent: $1,225.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $1,225.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM
Unit 3
  • Unit Type Actual Rent: $1,015.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM
Unit 4
  • Unit Type Actual Rent: $1,075.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Lease Expiration Date: MTM

Property History for 7345 South Calumet 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 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
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.

Similar Homes

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Similar Sold Homes

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7345 South Calumet Avenue is a multi-family home for sale in Chicago, IL 60619. This property was listed for sale on February 25, 2024 by Kiser Group Realty Inc, it's currently listed at $520,000. It has been on the market for a total of 71 days and was last sold on July 14, 2016. This listing's school district is City Of Chicago School District 299. Nearby schools include Lenart Elementary Regional Gifted Center, Gary Comer College Prep and YCCS-Progressive Leadership Acad. 7345 South Calumet Avenue is a 12-bed, 4-bath, multi-family home built in 1920.

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 Kiser Group Realty Inc

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. Based on information submitted to the MLS GRID as of 04/21/2024 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.