5219 S.

Calumet is a 26-unit property located Chicago's historic Washington Park neighborhood. The asset is ideally situated within steps of Washington Park and one block away from the Metra Train (51st Station), providing quick and easy transit via public transportation to Chicago's Downtown. 5219 S. Calumet is comprised of an incredibly desirable unit mix, consisting of nine (9) 1Bd/1Ba, twelve (12) 2Bd/1Ba and five (5) 3Bd/1Ba units.

All units are incredibly sizeable and have been updated both cosmetically and mechanically. In addition, the building boasts wood flooring throughout and easy access to newer laundry machines in the mechanical room. 5219 S. Calumet provides inves tors with the unique opportunity to obtain a stabilized, cash flowing asset in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rte over 7% and a cash return of 5.36%. Additionally, an investor has the option to assume the existing debt (terms below) through Freddie Mac: 5219 S Calumet: - $1, 673, 420 - 4.97% Rate - 5 Years Remaining

Request Information
on 5219 S Calumet Ave
in Chicago, IL
Presented by John George at
Kiser Group Realty Inc.


Property MLS #11977392 from MRED

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 48

+ Appliances

Yes

+ Bathrooms

Full Bathrooms: 26

+ Waterfront and Water Access

9

+ Land Info

Lot Size Acres: 0.3165748
Lot Size Dimensions: 70' X 197'
Lot Size Square Feet: 13790

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Units: 26
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 3
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 5
Unit-1 Description: Unit 1, Units Total: 9
Unit-2 Description: Unit 2, Units Total: 12
Unit-3 Description: Unit 3, Units Total: 5
Unit-4 Description: Unit 4
Unit-5 Description: Unit 5
Unit-6 Description: Unit 6
Unit-7 Description: Unit 7

+ Rental Info

Tenant Pays: Heat, Hot Water

+ Other Property Info

Annual Tax Amount: 37736.00
Source Listing Status: Active
County: Cook
Directions: Going west on E 51st Street, turn left before the 51st CTA Train Stop to go southbound onto S Calumet Ave, where the property sits just before E 53rd Street.
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: 20103060260000
Property Subtype: Multi Family 5+
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-02-08
$4,125,000
MRED

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Listing removed 2023-04-27
$0
Zumper

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Listed for rent 2023-04-26
$1,580
Zumper

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Listing removed 2018-01-30
$0
AppfolioUnits

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Listing removed 2018-01-29
$1,250
AppfolioUnits

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Listed for rent 2017-11-26
$1,250
AppfolioUnits

+ Commercial Info

Net Operating Income: 289891

+ Building and Construction

Year Built: 1903
Property Age: 121
Levels or Stories: 4

+ Display Complete School Details

Burke Elementary School is a public elementary and middle school located approximately 0.2 miles away.
Map directions

Phillips Academy High School is a public high school located approximately 1.7 miles away.
Map directions

Hales Franciscan High School is a private middle and high school located approximately 0.6 miles away.
Map directions