85 Paxton Avenue

Calumet City, IL 60409

$389,999
Price
7
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Beautiful Well Maintained all brick 5 Unit Multi-Family building in vibrant Calumet City! Currently generating Great Cash Flow for the current owner! This gem is in a prime location only a few blocks away from nearby restaurants, shops and the expressway. Fully occupied with Central AC in each unit. Property has 4 one bedroom one bath and 1 three bedroom one bath units. Communal laundries generating thousands in extra income a year. Tenants pay their own electric/heat and are currently on annualized...Beautiful Well Maintained all brick 5 Unit Multi-Family building in vibrant Calumet City! Currently generating Great Cash Flow for the current owner! This gem is in a prime location only a few blocks away from nearby restaurants, shops and the expressway. Fully occupied with Central AC in each unit. Property has 4 one bedroom one bath and 1 three bedroom one bath units. Communal laundries generating thousands in extra income a year. Tenants pay their own electric/heat and are currently on annualized leases. Amazing opportunity for the next future landlord or investor. With the demand in rentals and the shortage in housing get in on the hottest sector in real estate today! Multi-family properties are in extremely high demand and for very good reason. Contact me for a private showing
  1. Listed by Mohamed Musa • Keller Williams Preferred Rlty

Property Details for 85 Paxton Avenue

Area
Calumet City
Township
Thornton
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Listing Courtesy of Keller Williams Preferred Rlty
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LISTING UPDATED: 04/11/2024 02:42 PM

Property Details for 85 Paxton Avenue

StatusPending
MLS #12017273
Days on Market16
Taxes$14,943 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1980
Lot Size0.14 AC / 6,250 SF
CountyCook County

Location

Listing Courtesy of Keller Williams Preferred Rlty
Add your commute

Building Information for 85 Paxton Avenue

Stories-Residences5Year Built1980Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$3,374 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,128

Property Taxes

$1,245

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 85 Paxton Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 10.0
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Separate Meters
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 5
  • Num of Baths: 5.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Flats
  • Lot Dimensions: 50X125
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Building Area Total: 5229
  • # Of Ranges: 5
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 28
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $180.00
  • Fuel Expense: $.00
  • Gross Income: $74,400.00
  • Gross Scheduled Income: $74,400.00
  • Insurance Expense: $3,000.00
  • Maintenance Expense: $300.00
  • Electric Expense Source: Owner Projection
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 6200
  • Net Operating Income: $54,117.00
  • Operating Expense: $20,883.00
  • Other Expense: $.00
  • Trash Expense: $660.00
  • Water Sewer Expense: $1,800.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
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 85 Paxton 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 85 Paxton Avenue

Taxable ValueLand$2,500Additions$16,377Total$18,877
Tax Record2022$14,943 ($1,245 / month)
Home Facts
Baths3Total Finished SqFt5,229 SqFtAbove Grade Finished SqFt5,229 SqFtStories3Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1979CountyCOOKAPN29-01-418-040

Schools near 85 Paxton Avenue

This home is within Thornton Twp Hsd 205 School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Caroline Sibley Elementary School
PublicK to 6

Creative Communications Academy
Public7 to 8

School Of Fine Arts
Public7 to 8

Thornridge 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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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 Keller Williams Preferred Rlty

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 04/11/2024 02:42 PM. 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.