Duplex For
384 Greenbay Avenue Calumet City, IL 60409
384 Greenbay Avenue, Calumet City, IL, 60409
$205,000
For Sale
$205,000
Duplex property offered for sale in Calumet City, IL with a listed size of 1,600.
Property Size1,600 SF
Price / SF$128.13
Days on Market24
Property Features for 384 Greenbay Avenue
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Two to Four Units / Duplex Side By Side
Building Details
- Year Built
- 1967
Listing agency
eXp Realty
(708) 574-1761
Listed by
Lisa Grandberry · License #475142944
(708) 574-1761
Source
Compass
Added: Jun 29 Updated: Jul 21 at 9:19PM Checked: Jul 21 at 9:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
This for-sale duplex offers a residential income property configuration. The property is listed at 1,600 in size.
Located at 384 Greenbay Avenue in Calumet City, Illinois, the asset is positioned on Greenbay Avenue for straightforward access.
If you’re looking for a duplex-style residential income property, this listing provides a single building opportunity with an established duplex format.
Located at 384 Greenbay Avenue in Calumet City, Illinois, the asset is positioned on Greenbay Avenue for straightforward access.
If you’re looking for a duplex-style residential income property, this listing provides a single building opportunity with an established duplex format.
Key Highlights
- Duplex property for sale in Calumet City, IL
- Built in 1967
- Listed size of 1,600 SF
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.3k | $22.68 |
| − Vacancy | −$2.5k | −$1.59 |
| EGI | $33.7k | $21.09 |
| − OpEx | −$15.2k | −$9.49 |
| NOI | $18.6k | $11.60 |
1,600 SF · lease $22.68/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.6K
$259.5K – $346.0K
NOI $20,761 @ 7.0% cap · market cap 10.13%
Second Best
Apartment 5plus
$265.2K
$232.0K – $309.4K
NOI $18,561 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$552.4K
$483.4K – $644.5K
NOI $38,668 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex property offered for sale in Calumet City, IL with a listed size of 1,600.
Where is this duplex located?
The property is located at 384 Greenbay Avenue Calumet City, IL.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Duplex property for sale in Calumet City, IL; Built in 1967; Listed size of 1,600 SF
