Price Reduction
Address
5331 S Calumet Avenue, Chicago, IL
Price
$ 989,900
Property Attributes
- MLS#12277868
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Washington Park
- NeighborhoodWashington Park
- Zip60615
- Style
- Year Built2007
- Taxes$ 17140
- Price$ 989,900
- Bedrooms12
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage5175
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Fantastic four-unit, 2007 construction, owner-occupant investment opportunity in appreciating east Washington Park! Unit 4 has been rehabbed to feature modern improvements to be comparable to other new construction (in the area. All four units are 3-bed / 2-bath and three units have in-unit laundry hook-ups. All units have hardwood and tile throughout, modern appliances, gas-forced-heat / central air, granite counter tops, in-unit hot water tanks, and individual utilities. The residences are larger than most of the new construction in the area, ranging in size between 1,200 and 1,400 SF and feature separate dining & living areas. The property has had extensive improvements in the last year to the interior and exterior (please request detailed building improvement list from broker). Other notable features: steel porches with individual outdoor spaces, sump pump and grinder pump, breaker panels in-unit, five exterior parking spaces with automatic gate, common coin laundry, new carpet and paint in common hallway, granite countertops and islands, separate living and dining areas, and updated lighting and bathroom fixtures. All kitchens have refrigerators, dishwashers, gas stoves, built-in microwaves, garbage disposals, and condo-quality cabinetry. The current leases are below market: Unit 1 - 2000, Unit 2 - 2,250, Unit 3 - 2350, and Unit 4 - 2750. This is a fantastic opportunity for an owner-occupant to occupy one unit and benefit from the income from the other three units. 5333 S Calumet and 5644 S Prairie also available for sale. PLEASE REQUEST FULL MARKETING AND BUILDING INFORMATION FROM BROKER.
| Price History | |
|---|---|
| 4/8/2025 | Listed $1,199,000 |
| 5/2/2025 | 2$1,180,000 |
| 5/5/2025 | 1$1,179,000 |
| 5/19/2025 | 1$1,175,000 |
| 5/24/2025 | 1$1,174,999 |
| 7/7/2025 | 1$1,174,000 |
| 8/18/2025 | 5$1,120,000 |
| 9/5/2025 | 2$1,100,000 |
| 9/25/2025 | 1$1,099,500 |
| 10/27/2025 | 1$1,090,000 |
| 11/12/2025 | 1$1,080,000 |
| 11/17/2025 | 1$1,077,500 |
| 12/8/2025 | 3$1,055,000 |
| 12/18/2025 | 1$1,054,500 |
| 12/27/2025 | 1$1,049,500 |
| 1/7/2026 | 1$1,045,000 |
| 1/29/2026 | 1$1,040,000 |
| 2/18/2026 | 1$1,035,000 |
| 2/27/2026 | 1$1,032,500 |
| 3/18/2026 | 1$1,025,000 |
| 3/30/2026 | 1$1,020,000 |
| 4/17/2026 | 1$1,019,000 |
| 4/21/2026 | 1$1,018,000 |
| 5/1/2026 | 1$1,015,000 |
| 5/11/2026 | 1$1,012,500 |
| 6/2/2026 | 1$1,010,000 |
| 6/8/2026 | 1$1,000,000 |
| 6/30/2026 | 1$999,000 |
| 7/8/2026 | 1$995,000 |
| 8/4/2026 | 1$994,500 |
| 8/13/2026 | 1$990,000 |
| 9/17/2026 | 1$989,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Possession | Immediate,Negotiable |
| Zoning | MULTI |
| Construction Materials | Brick |
| Year Built | 2007 |
| Township | Hyde Park |
| Tax Year | 2024 |
| Ownership | Fee Simple |
| Gross Income | 112800 |
| County | Cook |
| Net Operating Income | 94852 |
| Insurance Expense | 3448 |
| New Construction | No |
| Property Type | Residential Income |
| MaintenanceExpense | 2400 |
| Total Rooms | 24 |
| Status | Active |
| Directions | 55th / Garfield,right/south on Calumet. Property is located on east side of street |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - Washington Park |
| Tax Annual Amount | 17140 |
| Electric Expense | 500 |
| Fuel Expense | 1000 |
| Water Sewer Expense | 2400 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Finished,Full |
|---|---|
| Total Bedrooms | 12 |
| Total Baths | 8 |
| Bedrooms Possible | 12 |
| Full Baths Building | 8 |
| Total Number of Units | 4 |
Exterior Features
| Parking Features | Off Alley,Off Street,Yes |
|---|---|
| Water Source | Public |
| Total Parking | 5 |
| Lot Dimensions | 5131 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60615
Price
Taxes
Year Built
Visits
