302-306 River Oaks Drive

Calumet City, IL 60409

$300,000
Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic investment opportunity! Three houses, plus a coach house & additional detached garage, on a massive lot has the potential to generate great cash flow! Property is large enough to be sold off in portions or to build more homes on site to increase income. Currently with potential for six or more rental units altogether! Two larger homes on the front of the property feature potential for four rental units & each has attached garages. One smaller cottage in the middle of the lot is currently...Fantastic investment opportunity! Three houses, plus a coach house & additional detached garage, on a massive lot has the potential to generate great cash flow! Property is large enough to be sold off in portions or to build more homes on site to increase income. Currently with potential for six or more rental units altogether! Two larger homes on the front of the property feature potential for four rental units & each has attached garages. One smaller cottage in the middle of the lot is currently an individual rental unit. Additional buildings include a coach house & a detached garage. Ample parking lots provide room for up to 15 cars to park. Sold "As Is." Value in the size & expansion opportunity that this property provides. Buyer is responsible for independently confirming all information regarding property. Property dual-zoned for residential & business.
  1. Listed by Jason Hinsley • @properties Christie's International Real Estate

Property Details for 302-306 River Oaks Drive

Area
Calumet City
Township
Thornton
Ownership
Fee Simple
Num Of Garage Spaces
6.0
Num Of Parking Spaces
21.0
Heat/Fuel
Natural Gas
Zoning
MULTI
LISTING UPDATED: 11/13/2024 12:07 AM

Property Details for 302-306 River Oaks Drive

StatusActive
MLS #11663186
Days on Market799
Taxes$20,468 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1946
Lot Size1.52 AC / 66,211 SF
CountyCook County

Building Information for 302-306 River Oaks Drive

Stories-Residences4Year Built1946Building Size-Lot Size1.52 AC / 66,211 SF

Property Information for 302-306 River Oaks Drive

General Information
School Information
  • Elementary School District: 157
  • High School District: 215
  • Middle Or Junior School District: 157
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Attached, Detached
  • Parking: Garage, Space/s
  • Parking Details: Unassigned
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 5
  • Bedrooms (Below Grade): 0
  • Basement Type: Partial
  • Bedrooms Possible: 8
  • Basement Description: Unfinished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 71-80 Years
  • Lot Size: 1.0-1.99 Acres
  • Lot Dimensions: 195X330X182X355
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: None
  • Lot Size Source: Survey
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 36
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: 3D Tour
Multi Family
Income & Expenses
  • Gross Income: $54,000.00
Unit 1
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 12/22
Unit 2
  • Unit Type Actual Rent: $725.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 12/22
Unit 3
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 12/22
Unit 4
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 12/22

Property History for 302-306 River Oaks Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 302-306 River Oaks Drive

This home is within Hoover-Schrum Memorial School District 157.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hoover Elementary School
PublicPK to 5

Schrum Memorial School
Public6 to 8

Thornton Fractional North High School
Public9 to 12

Center for Academics and Technolo
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.

Similar Homes

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302-306 River Oaks Drive is a multi-family home for sale in Calumet City, IL 60409. This property was listed for sale on October 29, 2022 by @properties Christie's International Real Estate, it's currently listed at $300,000. This listing's school districts are Hoover-Schrum Memorial School District 157, Thornton Fractional Twp Hsd 215 School District. Nearby schools include Hoover Elementary School, Schrum Memorial School and Thornton Fractional North High School. 302-306 River Oaks Drive is a 8-bed, 4-bath, multi-family home built in 1946.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Christie's International Real Estate

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 11/13/2024 12:07 AM. 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.