371 Yates Avenue

Calumet City, IL 60409

$780,000
Price
27
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Calling all investors! Don't miss this incredible opportunity-a solid brick 12-unit building in the Calumet City area offering excellent income potential. This well-maintained property features 9 two-bedroom units and 3 three-bedroom units, making it an attractive option for tenants and a smart investment for you. Whether you're looking to expand your portfolio or begin your journey in real estate, this property is a must-see. Schedule your appointment today and take advantage of this income-generating...Calling all investors! Don't miss this incredible opportunity-a solid brick 12-unit building in the Calumet City area offering excellent income potential. This well-maintained property features 9 two-bedroom units and 3 three-bedroom units, making it an attractive option for tenants and a smart investment for you. Whether you're looking to expand your portfolio or begin your journey in real estate, this property is a must-see. Schedule your appointment today and take advantage of this income-generating gem!
  1. Listed by Maria Castillo • RE/MAX MI CASA

Property Details for 371 Yates Avenue

Area
Calumet City
Township
Thornton
Zoning
MULTI
LISTING UPDATED: 11/20/2024 02:01 AM

Property Details for 371 Yates Avenue

StatusNew
MLS #12211570
Days on Market3
Taxes$39,840 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1970
Lot Size0.35 AC / 15,125 SF
CountyCook County

Building Information for 371 Yates Avenue

Stories3Residences12Year Built1970Building Size-Lot Size0.35 AC / 15,125 SF

Property Information for 371 Yates Avenue

General Information
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Heat/Ventilation: Central Bldg Heat,Baseboard
  • # Of Refrigerators: 12
  • Num of Baths: 12.0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 15125
  • Stories: 3
  • Exterior Building Type: Brick
  • # Of Ranges: 12
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 3
  • Document Date: 2024-11-19T18:22:10
  • Photos Count: 8
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $1,197.00
  • Fuel Expense: $8,769.00
  • Gross Income: $148,195.00
  • Gross Scheduled Income: $148,195.00
  • Insurance Expense: $4,424.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 12349
  • Water Expense Source: Actual
  • Net Operating Income: $86,719.00
  • Operating Expense: $61,476.00
  • Other Expense: $.00
  • Trash Expense: $2,524.00
  • Water Sewer Expense: $4,722.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 9
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 371 Yates Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 371 Yates Avenue

Taxable ValueLand$6,048Additions$49,700Total$55,748
Tax Record2019$41,152 ($3,429 / month)
Home Facts
Lot Size15,120 SqFtStyleMulti-Family Res (5+ Units)Year Built1968CountyCOOKAPN29-12-220-031

Schools near 371 Yates Avenue

This home is within Thornton Twp Hsd 205 School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Caroline Sibley Elementary School
PublicK to 6

Creative Communications Academy
Public7 to 8

School Of Fine Arts
Public7 to 8

Thornwood High School
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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371 Yates Avenue is a multi-family home for sale in Calumet City, IL 60409. This property was listed for sale on November 18, 2024 by RE/MAX MI CASA, it's currently listed at $780,000. This listing's school districts are Thornton Twp Hsd 205 School District, Dolton School District 149. Nearby schools include Caroline Sibley Elementary School, Creative Communications Academy and School Of Fine Arts. 371 Yates Avenue is a 27-bed, 12-bath, multi-family home built in 1970.

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 RE/MAX MI CASA

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 11/20/2024 02:01 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.