808 Mackinaw Avenue, Calumet City, IL 60409
Local realty services provided by:Better Homes and Gardens Real Estate Connections
808 Mackinaw Avenue,Calumet City, IL 60409
$224,900
- 4 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: anil bhalla, nickolas witvoet
Office: listing leaders northwest, inc
MLS#:12656262
Source:MLSNI
Price summary
- Price:$224,900
About this home
HIGH-YIELD Investment Opportunity in Calumet City! Calling all investors, this is the chance you've been waiting for. This fully occupied two-unit property delivers strong cash flow and immediate returns with minimal effort. Each unit features two bedrooms and one full bathroom with spacious, clean, and turnkey layouts that tenants desire, allowing you to start earning income the moment you close. The property is 1601 sq. ft. total with separate laundry rooms in each unit, forced-air heating, and individual metering for gas and electric. Kitchens are equipped with ranges, refrigerators, ample cabinetry, and generous counter space, while the bedrooms offer large closets for extra storage. Each of the units has a functional floor plan complimented by unique characteristics like an elegant archway in the front unit, and other material upgrades such as lighting, fixtures, finishes, & more that give each unit it's own charm. Outside, a sizable backyard and long driveway provide plenty of off-street parking. Both units are currently occupied with the front unit being leased at $1300 per month, and the rear unit being leased at $1285 per month, generating a total of $2585 per month and a cap rate of 8.7 percent, with proforma potential reaching $2840 per month. Operating expenses are estimated at 35 percent of gross rent and include taxes, insurance, management, & other operating expenses. This property also presents phenomenal value for anyone looking to live in one unit and rent the other. By taking advantage of multiple different financing options that could strongly benefit any buyer both now and overtime, you could essentially OWN for BELOW what market rent would be. Low maintenance, high occupancy potential, and a solid return makes this an excellent addition to any investment portfolio, whether you're expanding your holdings or purchasing your first multi-unit property, this is one you will want to see, so schedule your showing today! Property is sold AS IS. Buyer to verify all financial information, rents, expenses, financing, square footage, lot size, dimensions, and all other property information....
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Home facts
- Year built:1978
- Listing ID #:12656262
- Updated:July 11, 2026 at 03:29 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:10
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1978
- Lot area:0.11 Acres
- Architectural Style:Ranch
Schools
- Middle school:Lincoln Elementary School
- Elementary school:Lincoln Elementary School
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$224,900
- Tax amount:$7,322 (2025)
Parking
- Total parking spaces:2
- Parking description:Driveway
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 808 Mackinaw Avenue
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