808 Mackinaw Avenue, Calumet City, Illinois 60409
$199,900
|
For Sale
|
|
| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 4 |
| Baths: | 0 |
| Year Built: | 1978 |
| Property Taxes: | $6,903 |
| Days On Market: | 8 |
| Lot Size: | 0,11 |
Description
Welcome to 808 Mackinaw Ave., Units F & R! Fantastic opportunity for house hackers and investors in Calumet City. The rear unit is currently vacant, giving an owner-occupant the opportunity to move in and begin collecting rental income from the front unit immediately. Investors can also place their own tenant and take advantage of the property's full income potential. This brick two-unit property offers approximately 1,601 total square feet, with two bedrooms and one full bathroom in each apartment. Both units feature functional layouts, equipped kitchens, spacious bedrooms, generous closet space, and private laundry rooms. Gas and electric are separately metered, and each apartment has forced-air heating. Outside, the property features a spacious backyard and a long driveway with ample off-street parking. The one-story layout and slab foundation also mean there is no basement or shared lower-level space to maintain. The front unit is currently rented for $1,300 per month, providing income from day one. The vacant rear unit has an estimated pro forma rent of $1,420 per month, which would bring the property's total projected rental income to $2,840 per month or $34,080 annually. Based on estimated operating expenses of 35%, the property could generate an estimated NOI of $22,152 and an approximate 10.5% pro forma cap rate at the asking price. Whether you're looking to live in one unit while offsetting your housing expenses or add another income-producing property to your portfolio, this is an opportunity worth considering. Sold as-is. SEND AN OFFER! Offers may be submitted subject to a 14-day inspection contingency. Buyer to verify rents, leases, expenses, projections, square footage, and all other property information.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1978 | |
| — | |
| — | |
| No | |
| 0.11 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12736440 | |
| 30182260480000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Lincoln Elementary School |
156 | — | |
|
Middle School
Lincoln Elementary School |
156 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 11 May, 2007 | Sold | $155,000 | MRED MLS |
| 19 Mar, 2007 | Under contract | $155,000 | MRED MLS |
| 19 Mar, 2007 | Listed for sale | $155,000 | MRED MLS |
| 13 Feb, 2014 | Sold | $20,000 | MRED MLS |
| 15 Jan, 2014 | Under contract | $19,900 | MRED MLS |
| — | Last price change | $24,900 | MRED MLS |
| 29 Oct, 2013 | Listed for sale | $37,300 | MRED MLS |
| 5 Jun, 2016 | Under contract | $0 | MRED MLS |
| 10 May, 2016 | Listed for sale | $0 | MRED MLS |
| 18 Aug, 2026 | Listed for sale | $199,900 | MRED MLS |
Room Specifics
Total Bedrooms: 4
Bedrooms Above Ground: 4
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| — | |
| — | |
| — | |
| — | |
| — | |
| 105.6x75.7x53.6x44.1 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2007 | $500 |
| 2014 | $6,667 |
| 2026 | $6,903 |
Contact Agent
Nearby Similar Homes
Nearby Sold Comparables
Contact Agent
Listing Provided By
eXp Realty
