Great investment opportunity in Calumet Park! This 2-unit property is perfectly located near public transportation, shopping, and major expressways, making it an ideal choice for renters. With endless possibilities, this investor's dream offers the potential for strong rental income and long-term appreciation. Don't miss out on this chance to add a versatile and conveniently located property to your portfolio!
Two great properties for the price of One! Perfect for DSCR loan, Investor someone who really wants to make additional residual income. This unique property offers a lucrative investment opportunity with its two-unit building, each featuring two-bedroom apartments currently occupied on a month-to-month basis. Great hardwood floors. Although these units require some TLC, they have the potential to achieve much higher rental income. The basement is ripe for development, with the possibility of adding coin-operated laundry machines to generate additional revenue. Additionally, the full brick house (-behind the 2 unit-on the property is a standalone full house with an upstairs and basement with two bedrooms, one bathroom, guaranteed substantial rental income. This property, with your care and attention, can transform into a real gem. Conveniently located near transportation, restaurants, and other amenities, this as-is opportunity is not to be missed. Don't sleep on this.
INVESTORS--A very unique income property: 2-flat plus 2 COACH HOUSES for a total of 4 units--all occupied with 2 bedrooms and 1 bath in each unit and sitting on 2 PINs. Taxes have been successfully appealed. The assessed valuation for both PINS were significantly reduced and will be reflected on the 2024 tax bill.
The median home value in Calumet Park, IL is $139,000. This is lower than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Calumet Park, IL is $139,000. Approximately 50.88% of Calumet Park homes are owned, compared to 33.65% rented, while 15.47% are vacant. Calumet Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Calumet Park real estate agent to arrange a tour today!
Calumet Park, Illinois has a population of 7,167. Calumet Park is less family-centric than the surrounding county with 24.3% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Calumet Park, Illinois is $52,696. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Calumet Park is 37.5 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 18.3 degrees. The average rainfall is approximately 37.9 inches per year, with 31.6 inches of snow per year.