11 157th Street

Calumet City, IL 60409

$349,000
Price
28
Beds
28
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Creative financing available! Rare opportunity with this 7-unit apartment building in Calumet City. 5 out of the 7 units are occupied. Great value-add opportunity! Once stabilized, the property should gross over $88,000 a year. Dozens of improvements have been made over the past few years. In a prime situation for someone to take over in create instant equity. Ask an agent for a more details, including an Offering Memorandum, and a Cap-Ex/improvement list.Creative financing available! Rare opportunity with this 7-unit apartment building in Calumet City. 5 out of the 7 units are occupied. Great value-add opportunity! Once stabilized, the property should gross over $88,000 a year. Dozens of improvements have been made over the past few years. In a prime situation for someone to take over in create instant equity. Ask an agent for a more details, including an Offering Memorandum, and a Cap-Ex/improvement list.

Property Details for 11 157th Street

Area
Calumet City
Township
Thornton

Location

Listing Courtesy of Earned Run Real Estate Group
Add your commute
LISTING UPDATED: 05/13/2024 02:32 PM

Property Details for 11 157th Street

StatusActive
MLS #12049645
Days on Market11
Taxes$9,565 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1911
Lot Size0.13 AC / 5,850 SF
CountyCook County

Location

Listing Courtesy of Earned Run Real Estate Group
Add your commute

Building Information for 11 157th Street

Stories-Residences7Year Built1911Building Size-Lot Size0.13 AC / 5,850 SF

Payment Calculator

$2,702 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,905

Property Taxes

$797

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11 157th Street

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Information: Show-Special Instructions
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 28.0
Property/Lot Information
  • Tenant Pays: None
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 50X117
  • Stories: 2
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 15
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $72,600.00
  • Gross Scheduled Income: $69,696.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Expense Year: 2023
  • Janitor Expense: 0
  • Total Monthly Income: 5808
  • Net Operating Income: $35,606.00
  • Operating Expense: $35,606.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 4
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 5
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 6
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 7

Property History for 11 157th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11 157th Street

Taxable ValueLand$2,047Additions$10,900Total$12,947
Tax Record2022$9,374 ($781 / month)
Home Facts
Baths5Total Finished SqFt3,250 SqFtAbove Grade Finished SqFt3,250 SqFtStories2Lot Size5,850 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyCOOKAPN30-17-213-001

Schools near 11 157th Street

This home is within Lincoln Esd 156 School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicPK to 8

Thornton Fractional North High School
Public9 to 12

Center for Academics and Technolo
Public9 to 12

Center for Alternative Learning
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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11 157th Street is a multi-family home for sale in Calumet City, IL 60409. This property was listed for sale on May 7, 2024 by Earned Run Real Estate Group, it's currently listed at $349,000. It has been on the market for a total of 11 days and was last sold on August 17, 2022. This listing's school districts are Lincoln Esd 156 School District, Thornton Fractional Twp Hsd 215 School District. Nearby schools include Lincoln Elementary School, Thornton Fractional North High School and Center for Academics and Technolo. 11 157th Street is a 28-bed, 28-bath, multi-family home built in 1911.

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 Earned Run Real Estate Group

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 05/13/2024 02:32 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.