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$ 899,996
Est. payment /mo
Active
486 Buffalo AVE Calumet City, IL 60409
7,486 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,486 sqft
Price per Sqft $120
MLS Listing ID 12605135
Maintenance Fees $3,800
Year Built 1960
Annual Tax Amount $29,000
Tax Year 2024
Lot Dimensions 50 x 125
Property Sub-Type Multi Family 5+
Property Description
Well-maintained 12-unit apartment building represents an excellent investment opportunity, combining an attractive unit mix with established rental income. The property includes FOUR spacious 2-bedroom units and EIGHT 1-bedroom units, providing a balanced selection of residences that supports strong and consistent rental performance. The property is currently generating solid rents, with two-bedroom units renting for $1,100 per month and one-bedroom units renting for $1,000 per month, resulting in an attractive estimated annual income of $148,800. This building is well suited for both experienced investors and those seeking to expand their portfolios. In addition, to its existing income stream and stable tenant base, the property offers opportunities for increased cash flow through future rental adjustments or operational improvements. Its 12-unit configuration also provides investors with multiple sources of rental revenue within a single property, making it a compelling option for those seeking an established multifamily asset with additional value potential. Conveniently located near the Illinois-Indiana border, the property provides access to shopping, the Metra train station, and major highways. These nearby transportation and shopping options add to the property's overall convenience and accessibility. Whether the objective is to acquire a turnkey investment with current rental income or pursue opportunities to enhance future performance, this 12-unit apartment building presents a compelling investment opportunity in a growing rental market.
Location
State IL
County Cook
Area Calumet City
Zoning MULTI
Rooms
Basement Unfinished, Egress Window, 8 ft + pour, Partial Exposure
Interior
Cooling Central Individual, Wall Sleeve
Fireplace N
Building
Dwelling Type Multi Family 5+
Sewer Public Sewer
Water Municipal Water
Structure Type Brick
Others
HOA Fee Include None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Cimena Cummings of Infiniti Properties, Inc.
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