7152-54 South Calumet Avenue

Property Overview

Interra Realty has been exclusively engaged to market 7152-54 S. Calumet Avenue, Chicago, for sale. The subject investment property is a 7-unit, center entrance, multifamily asset located directly across from Meyering Park in the historic Grand Crossing neighborhood of Chicago's South Side.

The property offers an attractive unit mix of six (6) large three-bedroom, one-bathroom apartments and one (1) two-bedroom, one-bathroom apartment. The property features new electrical service, a newer steam boiler, copper plumbing and a private four-space parking garage. Cosmetic improvements to the units include newer cabinetry, newer bathroom tile surrounds and vanities in addition to updated flooring.

A new investor has the opportunity to acquire a fully occupied, recently improved property with an in place of cap rate of over 9.0% in addition to a healthy cash on cash return.

Highlights

  • Desirable Unit Mix – Six (6) 3BD/1 BA Units & One (1) 2BD/1 BAUnit
  • Newer Electrical Service to Building (400 AMPs) and Units(100 Amps)
  • Upgraded Finishes To Units Include Counter Tops and ModernCabinetry, Newer Flooring, Newer Appliances
  • Garage Parking on Site

Key Details

Submarket
Grand Crossing
Number of Units
Seven (7)