This is an ideal investment opportunity; a (12) unit property in great condition and fully occupied; except for one unit. Located in the Calumet City Township. The composition of units are (8) two bedroom units and (4) one bedroom units. Recent improvements include Updated kitchen & bathrooms; Intercom & doorbell system, new hot water tank, new flooring in Living-Dining rooms. The gutters were replaced. The estimated remaining life on the roof is (10) years. There is also a maintenance service agreement on the roof. All units have stoves & refrigerators.There are laundry facilities on the first level. There are (11) parking spaces in the rear of the property. The property has a positive cash flow after debt service. This is a great investment opportunity; with low maintenance.
This listing 416 Cornell Avenue Calumet City, Il 60409
is a multi family 5+ listing
on a lot of 13,095 sqft (or 125 x 105). 416 Cornell Avenue was built in 1960. 416 Cornell Avenue is located in Calumet City and in ZIP Code 60409.
It has been listed on our site since 1/16/17.
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Calumet City , only 19 miles south of downtown Chicago and on the Illinois-Indiana State Line, has gone through a lot of transformations over the years. Click here to read more.
*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
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