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$309,900   Price Analysis
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458 Madison Ave
Calumet City, IL 60409
6 bed 5 bath 2,200 SqFt ($140/SqFt)
4,880SqFt lot. Built 1971
Listed 2024-07-02, Taxes $9,953
Ⓧ USDA Ineligible
due to location

near Calumet City

Turnkey Prime location Income generating property Discover this well-maintained 2-unit building

Fully tenant-occupied with month-to-month leases, offering flexibility for owner-occupants too. Each unit is currently rented on a month-to-month basis, providing immediate income and flexibility. Located conveniently close to the expressway, shopping and restaurants, this property combines prime location with excellent rental income potential. Recent updates include new gutters, new fence, new hallway carpeting, updated electric and switches, tuckpointing and patio repairs, updated painting ensuring low maintenance for the new owner. Plus, the seller is offering a1 year home warranty for added peace of mind. Don't miss out on this turnkey investment! 2 car detached garage included for additional parking income. Side driveway parking also available. 2 Large units each with 3 bedrooms/1.5 bath, Hd Wd flooring, living room, appliances, dining room with a private front patio. 1st flor has ability expand into garden level with 2 bedroom, bath extra living area Complete with coin-operated laundry facilities on sight. This multi-unit is a rare find. This is a move-in ready gem or perfect income investment Either way you have a solid and secure investment for your future Act fast- this one won't last long. Schedule your showing now!!!!

Contemporary carpet from hallway common area 2023 New carpet 1st fl Apt 2023 New Gutters and downspouts 2024 New Backyard fencing Landscaped Garage Painted New Ejector pump 2022 New Utility sink 2018 New hot water heater 2014 New Roof 2014 New Kitchen and appliances Apt 2 2019 New Appliances Apt 1 2021 New Light switches and Updated fixtures in common area. Updated Painting 2023/2024 All units rented. Garage rented Coin-Operated washer and dryer ( Re-Manufacture 2023


Presented by Eleazar Vazquez at
Exit Realty At Home.


Property MLS #12099495 from MRED

Bedrooms: 6
Bedrooms Possible: 8

Total Rooms: 14
Basement Features: Full
Basement Description: Finished

Total Bathrooms: 5
Full Bathrooms: 3
1/2 Bathrooms: 2

Yes

Heating Features: Steam

Balcony

Lot Size Acres: 0.1120294
Lot Size Dimensions: 40X122
Lot Size Square Feet: 4880

Garage Spaces: 2
Garage Description: Detached
Garage Features: Garage Door Opener(s)
Parking Total: 2

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School District: 149
High School District: 205

Caroline Sibley Elementary School is a public elementary school located approximately 0.6 miles away.
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Thornwood High School is a public high school located approximately 3.1 miles away.
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Coras Career Academy is a private elementary, middle and high school located approximately 0.6 miles away.
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Creative Communications Academy is a public middle school located approximately 0.6 miles away.
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Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Half Bathrooms in Unit-1: 1
Half Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 5
Unit-1 Description: Unit 1
Unit-2 Description: Unit 2
Unit-1 Square Feet: 1100
Unit-2 Square Feet: 1100
Unit 1 Total Actual Rent: 1300
Unit 2 Total Actual Rent: 1150

Annual Tax Amount: 10496.17
Source Listing Status: Active
County: Cook
Directions: Sibley to Madison north to property
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 29121260210000
Township: Thornton
Property Subtype: Two to Four Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$14,835 + $1,845
$16,680
$9,953
2020$14,835 + $1,845
$16,680
$9,228
2019$17,452 + $1,722
$19,174
$11,622
2018$17,452 + $1,722
$19,174
$11,569
2017$17,452 + $1,722
$19,174
$11,132
2016$17,680 + $1,599
$19,279
$11,195
2015$17,680 + $1,599
$19,279
$10,852
2014$17,680 + $1,599
$19,279
$10,596
2013$16,819 + $1,599
$18,418
$9,377
2012$16,819 + $1,599
$18,418
$8,955
2011$16,819 + $1,599
$18,418
$8,630
2010$19,648 + $1,599
$21,247
$8,699
2009$19,648 + $1,599
$21,247
$8,053
2007$22,630 + $2,361
$24,991
$7,357
2006$22,630 + $2,361
$24,991
$6,554

Relisted 2024-07-08
$309,900
MRED
Listing removed 2024-07-07
$0
MRED
Listed 2024-07-02
$309,900
MRED
Sold 2004-12-28
$250,000
Public Record
Sold 1985-07-01
$97,000
Public Record

Year Built: 1971
Foundation Details: Concrete Perimeter
Property Age: 53
Roof: Rubber

Sewer: Public Sewer
Water Source: Lake Michigan, Public

Other Equipment: Ceiling Fan(s), Multiple Water Heaters, Water Heater-Gas
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.