NOT LISTED FOR SALE

429 Paxton Ave Calumet City, IL 60409

16 Beds
-- Bath
-- Sq Ft
1965 Built

Last Sold March 07, 2022

Last sale price $650,000

53 Days on Market

About This Home

As of March 2022

AMAZING OPPORTUNITY!!! INVESTORS TURNKEY!! Beautiful brick 12 unit building, fully rented most long term tenants, among single family homes. Clean, quiet building near expressway, bus line and shopping. Updates include newer pitched roof, plumbing system, electrical, and windows, apartments updated in the last 10 years, hardwood floors in most units. All apartments are completely electric which tenants pay. Low maintenance for new owner. Coin operated laundry in the building for tenant convenience, nicely manicured lawn, plenty of parking in parking lot and around building. A great addition to any investors portfolio. Could be a package deal with 435 Paxton. Won't last long!!!

Last Agent to Sell the Property

Yvette Ivy

Rice Property Management & Realty L.L.C. License #475146259 Listed on: 06/01/2021

Last Buyer's Agent

Luis Martinez

CR Realty Group Inc. License #471017685

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,090

Year Built

  • Built in 1965

Lot Details

  • Lot Dimensions are 40x119
  • Additional Parcels

Interior Spaces

  • 16 Bedrooms
  • 3-Story Property

Utilities

  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $1,424
  • Insurance Expense $4,030
  • Maintenance Expense $700
  • Other Expense $900
  • Trash Expense $1,839
  • Water Sewer Expense $4,450
  • Operating Expense $39,433
  • Gross Income $103,200
  • Net Operating Income $63,733

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,090

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1965
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 16
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 695000

Utilities

  • Heat/Ventilation: Electric

Fee Information

  • Trash Expense: 1839
  • Water Sewer Expenses: 4450
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 40X119
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 63733
  • Insurance Expense: 4030
  • ElectricExpense: 1424
  • GrossIncome: 103200
  • Maintenance Expense: 700
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 39433
  • Expense Year: 2020
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 26090
  • Tax Year: 2019

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2022 03/07/22 Sold $650,000 0.0% --
03/01/2022 03/01/22 Off Market $650,000 -- --
07/26/2021 07/26/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $695,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11107527

Midwest Real Estate Data (MRED)