2 unit for sale newly remodeled!!!! $150,000 Calumet City il

[Ericka Fairbanks]

This investment property in Calumet City, IL, offers a potentially lucrative opportunity with two units—a 4-bedroom, 2-bath main house and a 2-bedroom, 1-bath coach house—on the same lot for sale for $150,000. The main house is 2,300 sq ft, with a basement and attic, while the coach house will be empty at sale. Both properties were remodeled in 2022, both inside and outside. However, the main house has a non-paying tenant, and the sale may require an eviction or "cash for keys" negotiation. Please do not disrupt current tenants! Must show proof of funds for additional information and viewing!

Here are the key points to consider:

• Rental Potential: Based on the 2025 Fair Market Rent (FMR) for ZIP code 60409, the estimated rent for a 4-bedroom is $2,160/month, and the 2-bedroom coach house could rent for $1,430/month. This brings potential monthly rental income to $3,590.
  • Fair Market Rent per HUD 2025. 60409 https://www.huduser.gov/portal/datasets/fmr/fmrs/FY2025_code/2025zip_code_calc.odn?zcta=60409&metro_code=METRO16980M16980&year=2025
• Total Lot Size: 4,400 sq ft.
• Costs: The owner pays for water and sewer, while tenants handle gas/heat and electricity.

A challenge is the tenant situation in the main house, but if resolved, it could be a valuable investment, especially with the recent renovations and the favorable rent projections.

Photos and videos

https://drive.google.com/drive/folders/1jsx5TqSH5sjiQaBgyfagm3IF0YyTsjEt?usp=drive_link