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$189,000

Under Contract
413 Webb St, Calumet City, IL 60409
4 Beds
1 Bath
1,113 Square Feet
0.00 Acres Lot
Built in 1945
Under Contract
Units n/a
Checked: 17 hours ago
Updated: Jun 17, 2025 at 03:26AM

Investment Summary


Monthly Cash Flow
$21
Cap Rate
6.4%
Cash-on-Cash Return
0.6%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.6%

Property Description


0.00 Acres Lot
Built in 1945
Under Contract
Units n/a

Agents, read broker notes. A charming, 4-Bedrooms and 1 bathroom home with modern upgrades. Featuring overhead plumbing installed in 2025, designed to prevent flooding basements, new windows throughout, and freshly painted. This home is the perfect blend of comfort and style. The bathroom has beautiful tile and modern fixtures. The kitchen boasts brand-new appliances, granite countertops, and sleek cabinets. Enjoy the updated floors, light fixtures, and fully renovated interior. Additional highlights include a newer furnace, updated 2 car garage, as well as plumbing in the basement for a future bathroom. The home also features a new installed sidewalk around the property and fully gated backyard. With these and more extensive upgrades, all you need to do is move in. You don't want to miss this one. Schedule today for a private showing.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Partially Finished, Daylight

Exterior Features

  • Exterior Walls Materials: Masonry

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 3017129011
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cape Cod
  • Year Built: 1945

Tax Information

  • Annual Tax: $4,427

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Cook

Listing Details


Listed by:
Erica Johnson
Coldwell Banker Realty
(708) 424-4000

Source:
Midwest Real Estate Data (MRED)
MLS#: 12325010
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
$21
Cap Rate
6.4%
Cash-on-Cash Return
0.6%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.6%

Purchase Details

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Purchase price:
$189,000
Amount financed:
-$151,200
Down payment:
$37,800
Closing costs:
$5,670
Rehab costs:
$0
Initial cash invested:
$43,470
Square feet:
1,113
Cost per square foot:
$170
Monthly rent per square foot:
$1.80

Financing Details

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Loan amount:
$151,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$990
Property tax:
$369
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,499

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$369-$4,427
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (43%)
43%-$869-$10,427

Cash Flow


Monthly Yearly
Net operating income:
$1,011 $12,132
Mortgage payments:
-$990 -$11,880
Cash flow:
$21 $252