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416 Cornell Ave

12 Unit Block of Flats £637,348 (£53,112/Unit) 7.82% Net Initial Yield Calumet City, IL 60409

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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	£637,348	Lot Size	0.17 AC
Price Per Unit	£53,112	Building Size	11,265 SF
Sale Type	Investment	Average Occupancy	100%
Net Initial Yield	7.82%	Number of Floors	3
No. Units	12	Year Built	1963
Property Type	Residential	Parking Ratio	1/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	£637,348
Price Per Unit	£53,112
Sale Type	Investment
Net Initial Yield	7.82%
No. Units	12
Property Type	Residential
Property Subtype	Apartment
Building Class	C
Lot Size	0.17 AC
Building Size	11,265 SF
Average Occupancy	100%
Number of Floors	3
Year Built	1963
Parking Ratio	1/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.