Three 100% Leased Multi-Family Buildings in Calumet City
No Longer Available For Sale
464-66 Gordon, 470 Gordon and 1525 State
Calumet City, IL 60409
17,062 SF
Multi-Family
The Details
- 3 multi-family buildings in Calumet City
- 464-66 Gordon Ave.
- Nine apartments totaling 5,590 SF
- Eight 2 bedroom, one 1 bedroom
- 100% occupancy
- 470 Gordon Ave.
- Nine apartments totaling 5,590 SF
- Eight 2 bedroom, one 1 bedroom
- 100% occupancy
- 1525 State St.
- Six apartment building
- All 2 bedroom, 1 bath units
- Approved for Section 8
- 100% occupancy
- Gross Rents: $228,600
- All buildings have dedicated parking
- Total Est. 2014 Taxes: $46,938, after appeal
Just off the corner of Sibley and Gordon, 464-66 Gordon and 470 Gordon are two fully leased 5,590 square foot multi-family buildings each with a total of eight 2 bedroom units as well as a 1-bedroom unit. Each unit features large windows as well as built-in air conditioning units. Recent capital improvements to each property include a new roof, furnace and circuit breakers. The buildings each have an on-site laundry.
Located at the corner of State and Bensley, 1525 State is a 5,882 square foot multi-family building with a total of six 2 bedroom, 1 bath units. The building is currently 100% leased, including several long-term tenants, providing new ownership the opportunity to purchase a stabilized building.
All three of these buildings are located in largely residential areas of Calumet City, short drives from retail corridors and major transportation routes.