
416 Cornell Ave
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416 Cornell Ave
12 Unit Apartment Building $1,159,312 CAD ($96,609 CAD/Unit) 7.82% Cap Rate Calumet City, IL 60409



Investment Highlights
- Strong Rental Market
- Convenient Suburban Location
- Value-Add Opportunity
- Transit Oriented Location
- Strong School District
- Attractive, Low Maintenance Brick Buildings
Executive Summary
Horvath & Tremblay is pleased to present the opportunity to purchase the multi-family investment property located at 416 Cornell Avenue in Calumet City, Illinois (the “Property”). The Property is improved by a 3-story multifamily building that contains twelve (12) rental units comprised of four (4), 1-Bedroom/1-Bathroom units and eight (8), 2-Bedroom/1-Bathroom units with 11,384 square feet of living area in 12,000 square feet of gross area. The well-maintained brick apartment building was constructed in 1963 on a 0.17-acre parcel of land with twelve (12) on-site parking spaces. The property is located in Calumet City, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to the Kingery Expressway, which connects with I-80, I-94, I-294, I-394, IL-83, and US Routes 20, 41 and 6, as well as convenient access to several Metra Stations. The quick highway and train access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.
Property Facts
Price | $1,159,312 CAD | Lot Size | 0.17 AC |
Price Per Unit | $96,609 CAD | Building Size | 11,265 SF |
Sale Type | Investment | Average Occupancy | 100% |
Cap Rate | 7.82% | No. Stories | 3 |
No. Units | 12 | Year Built | 1963 |
Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Building Class | C |
Price | $1,159,312 CAD |
Price Per Unit | $96,609 CAD |
Sale Type | Investment |
Cap Rate | 7.82% |
No. Units | 12 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.17 AC |
Building Size | 11,265 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built | 1963 |
Parking Ratio | 1/1,000 SF |
Opportunity Zone |
Yes |
PROPERTY TAXES
Parcel Number | 29-12-116-042-0000 | Improvements Assessment | $67,756 CAD |
Land Assessment | $7,912 CAD | Total Assessment | $75,668 CAD |
PROPERTY TAXES
Parcel Number
29-12-116-042-0000
Land Assessment
$7,912 CAD
Improvements Assessment
$67,756 CAD
Total Assessment
$75,668 CAD
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416 Cornell Ave
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