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    Ingraham Ave Calumet City, IL 60409

    Sponsored
    For Sale
    $700,000

    10-Unit Value-Add Multifamily Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional value-add opportunity presents a 10-unit apartment building located at 15203 Ingraham Ave, Calumet City, IL 60409. The property, identified by APN 30-08-410-048-0000, consists of two three-story buildings totaling ten units. Nine units boast three bedrooms and one bathroom each, while a single unit offers two bedrooms and one bathroom. Recently renovated in 2024, this Class C multifamily property offers significant upside potential. The asking price is $700,000, translating to $70,000 per unit. The property's strong financial performance is highlighted by a pro-forma NOI of $130,000 and an attractive pro-forma cap rate of 18.57%. Situated in Cook County, Illinois, this investment presents a compelling opportunity for investors seeking a high-yield, value-add property in a stable market. The property's location provides convenient access to local amenities and transportation. This is a rare chance to acquire a well-maintained, recently renovated multifamily property with a proven track record of profitability and significant potential for future growth. The property's strong cash flow and attractive cap rate make it an ideal addition to any investor's portfolio. Don't miss this chance to secure a profitable investment in a thriving market.

    Property Features for 0 Ingraham Ave

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Year Renovated
    2024
    Buildings
    2
    Stories
    3
    Units
    10

    HighLights

    • $700,000 asking price for a value‑add opportunity.
    • 10‑unit apartment building in Calumet City, IL.
    • $70,000 per unit price.
    • Pro‑forma cap rate of 18.57% and pro‑forma NOI of $130,000.
    • Recently renovated in 2024.
    • Two, three‑story buildings totaling 10 units (nine 3‑bed/1‑bath, one 2‑bed/1‑bath).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Calumet City
    County
    Cook
    State
    Illinois
    Longitude
    -87.52872229
    Latitude
    41.61901196

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    FAQs

    What type of property is this?
    Multifamily property - 10-Unit Value-Add Multifamily Investment
    Where is this multifamily property located?
    The property is located at Ingraham Ave Calumet City, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: $700,000 asking price for a value-add opportunity.; 10-unit apartment building in Calumet City, IL.; $70,000 per unit price.
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    Ingraham Ave Calumet City, IL 60409
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Ingraham Ave Calumet City, IL 60409
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