Sold for $57,000 on 11/22/24
Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
2 |
1 |
1923 |
950 ft2 |
1 |
$7,087 |
259 days |
This is an excellent investment opportunity to have an acquisition as a buy and hold rental or to do a rehab. This property features all hardwood floors on the main level, vinyl windows, a large living room with a separate dining room, and large square footage in the bathroom. The basement runs the full length of the home, and the attic can be turned into a second floor with a bungalow up. This home already has a structural engineer report required by the Village to create a second floor. This home has a large fenced in back yard and a 1 car garage. This home is being sold as is, where is. Analysis Rehab AVR 240K 4 bed 2 bath. $88 Per RSF/Sale Valuation: 240K | $303/RSF/Equity Multiple : 1.210x/ Profit : 101.56% Rental Analysis: holding period 10 years Rentals run between $1,200 and $1,300, 1 year cap rate 10%, 10 year Sale Cap Rate : 12.24% This is an excellent investment. Anaysis of all figures available upon request.
Listing courtesy of Centered International Realty
535 Freeland Ave. is a 950 ft2 single family home built in 1923, and is located in Calumet City, IL. It has 2 bedrooms and 1 bathroom, a 1-car garage, and has annual property taxes of $7,087.
Marco Amidei
(888) 32-Marco (847) 630-4886
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