12311 S Peoria Street
Calumet Park, IL 60827
- 7 beds
- 3 baths
- – sqft
- 3,049 sqft lot
- 1908 build
- – on site
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Live in the 2nd floor unit and let your 1st floor tenant pay your mortgage! Great "house-hacking" opportunity for an owner occupant and a great opportunity for an investor in the quickly developing neighborhood of Calumet Park! Unit #1 is a 5 bed, 2 bath duplexed apartment (occupied) and Unit #2 is a 2 bed, 1 bath apartment (vacant). Unit #1 is being rented below market value. Applying cosmetic upgrades would enable the new owner to maximize cash flow - receiving up to $1,100 for a renovated 2-bedroom unit and up to $1,700 for the duplexed 5-bedroom unit, that's $2,800 per month in gross rental income! Other notable features include a huge, fenced backyard and spacious bedrooms, new furnance, new water heater, and newer HVAC. Located at the end of a roundabout, eliminating heavy through traffic. Near recreational parks, public transportation, and retail. 2nd floor unit is vacant and recently renovated! Now great for an owner occupant that wants to live for free by having the first floor tenant pay the mortgage! ***New appliances are scheduled to be installed the week of 11/22/21 for Unit #2*** Please act swiftly as this opportunity will not last long! Unit #1 tenant pays rent on time and is paid up through December 2021!
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Last updated Apr 20, 2024
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MLS# 11167574 —
Walk Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/7/23
May 7, 2023
|
Sold Subject To Contingencies | MRED | ||
|
4/6/23
Apr 6, 2023
|
Listed / Active | MRED | ||
|
4/14/22
Apr 14, 2022
|
Sold | MRED | $130,000 |