Ingraham Ave Calumet City, IL 60409
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 0 Ingraham Ave
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Calumet City
- County
- Cook
- State
- Illinois
- Longitude
- -87.5287
- Latitude
- 41.619
