CURRENT 9 CAP RATE - Pleased to present the opportunity to purchase the multi-family investment property located at 551-559 & 561 Wentworth Avenue in Calumet City, Illinois. The Property includes three (3), 3-story, multi-family buildings, containing thirty-six (36) rental units. The unit matrix includes thirty-three (33), 1-Bedroom/1-Bathroom units and three (3), Studio units. About half of the units have been recently renovated, and they property is fully stabilized with full occupancy. Property current taxes are locked in for $65, 000 per year through the Affordable Housing Special Assessment Program giving clear site to maintained great cash flow for the future. The property is located in Calumet City, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to Interstates 90, 94, 294, 80 and 57 as well as US Routes 20, 41 and 6. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.
