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$209,900

For Sale - Active
505 154th Pl, Calumet City, IL 60409
4 Beds
2 Baths
1,974 Square Feet
0.00 Acres Lot
Built in 1919
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 20, 2025 at 03:27AM

Investment Summary


Monthly Cash Flow
-$293
Cap Rate
4.6%
Cash-on-Cash Return
-7.3%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-3.1%

Property Description


0.00 Acres Lot
Built in 1919
For Sale - Active
Units n/a

Don't miss this well-maintained home situated on a quiet block in Calumet City. This charming property features a spacious layout with a large primary bedroom with a front porch, and three additional generously sized bedrooms, along with a bright and open living area that's perfect for everyday living and entertaining. This kitchen boasts modern cabinetry and ample space to cook and gather with a spacious dining room perfect for entertaining. Need extra storage? Well there is a brick shed between the house and 2 car garage and the opportunity to finish the attic space. Whether you're a first-time homebuyer or an investor seeking a solid opportunity, this home checks all the boxes. Located in a quiet neighborhood, just minutes from schools, parks, shopping, and expressways for a convenient commute. Schedule your showing today!

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Location


Property Details


Parking

  • Description: Detached, Garage, Garage On-Site, Garage Door Opener(s), 7 Foot or more high garage door
  • Details: Garage Door Opener, Garage, On Site, Detached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Masonry
  • Roof Material: Asphalt

Land Information

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

Lot Information

  • Parcel ID: 3017104021
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1919

Tax Information

  • Annual Tax: $8,539

Utilities

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

Location

  • County: Cook

Listing Details


Listed by:
Iris McBride
Keller Williams ONEChicago
(312) 216-2422

Source:
Midwest Real Estate Data (MRED)
MLS#: 12398708
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$293
Cap Rate
4.6%
Cash-on-Cash Return
-7.3%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-3.1%

Purchase Details

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Purchase price:
$209,900
Amount financed:
-$167,920
Down payment:
$41,980
Closing costs:
$6,297
Rehab costs:
$0
Initial cash invested:
$48,277
Square feet:
1,974
Cost per square foot:
$106
Monthly rent per square foot:
$1.11

Financing Details

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Loan amount:
$167,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,099
Property tax:
$712
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,965

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (32%)
32%-$712-$8,539
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (57%)
57%-$1,262-$15,139

Cash Flow


Monthly Yearly
Net operating income:
$806 $9,672
Mortgage payments:
-$1,099 -$13,188
Cash flow:
$293 $3,516