$60,000
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535 Freeland Avenue Calumet City, IL 60409
Single Family
Residence
2
Beds
1
Baths
950
Sq. Ft.
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This is an excellent investment opportunity to have an acquisition as a buy and hold rental or to do a rehab. This property features all hardwood floors on the main level, vinyl windows, a large living room with a separate dining room, and large square footage in the bathroom. The basement runs th...e full length of the home, and the attic can be turned into a second floor with a bungalow up. This home already has a structural engineer report required by the Village to create a second floor. This home has a large fenced in back yard and a 1 car garage. This home is being sold as is, where is. Analysis Rehab AVR 240K 4 bed 2 bath. $88 Per RSF/Sale Valuation: 240K $303/RSF/Equity Multiple : 1.210x/ Profit : 101.56% Rental Analysis: holding period 10 years Rentals run between $1,200 and $1,300, 1 year cap rate 10%, 10 year Sale Cap Rate : 12.24% This is an excellent investment. Anaysis of all figures available upon request.
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MLS#
12190938
Property Type
Single Family
Bedrooms
2
Bathrooms
1 Full
Year Built
1923
Square Feet
950
sq. ft
Sewer
Other, Public Sewer
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