🔥 Calumet City 4-Unit – Legal 3-Unit + Basement w/ Deconversion Requirement

📍 Address: 3XX Yates Ave, Calumet City, IL 60409
💰 Asking Price: $214,900 (Cash or Hard Money Only)
📝 Earnest Money Deposit: $2,500 (Payable to Title Company)
📸 Pictures: https://photos.app.goo.gl/o2uSiDww6DF5ehWp8

 📈 ARV Estimate: $375,000+

🏠 Property Overview:
• 4 Total Units (3 Legal Units + Garden Unit/Basement – Deconversion Required)
• Built: 1971 | Lot Size: 3,480 SqFt
• Structure: Solid Brick Construction | English Basement | Partially Finished
• Total Rooms: 15 | Total Bedrooms: 8 | Total Bathrooms: 5
• All Units Separately Metered for Electric | Heating: Hot Water/Steam
• Zoning: Residential | Parking: No On-Site Parking
• Title: Fee Simple | Taxes (2022): $13,913 (No Exemptions)

🔍 Unit Breakdown:
• Unit 1 (1st Floor): 3 Bed / 2 Bath – 5 Rooms
• Unit 2 (2nd Floor): 1 Bed / 1 Bath – 3 Rooms
• Unit 3 (2nd Floor): 2 Bed / 1 Bath – 4 Rooms
• Unit 4 (Basement): 2 Bed / 1 Bath – 4 Rooms (Must be deconverted per city requirement)

📊 Comparable Sales:
• 290 Yates Ave – 3 Unit (Clean/As-Is) – Sold for $315,000 on 2/14/2025
• 355 Yates Ave – 3 Unit (Slight Updates) – Sold for $353,000 on 1/08/2025
• 340 Yates Ave – 3 Unit (Well Maintained) – Sold for $355,000 on 4/04/2025
• 89 Oglesby Ave – 4 Unit (Clean) – Sold for $357,000 on 6/26/2025
• 70 Luella Ave – 4 Unit (Clean) – Sold for $365,000 on 8/19/2024

⚠️ Important Notes:
• The garden unit (basement) must be deconverted per Calumet City ordinance – this is the buyer’s responsibility.
• Units are sold as-is – no warranties or disclosures provided
• Ideal for investors seeking a value-add opportunity through renovation and repositioning

💡 Investment Highlights:
• Off-Market Deal 
• Priced at $214,900 – Strong Equity Play with Comps Up to $375K
• Opportunity to Convert to Premium 3-Unit Rental or Owner-Occupant Setup
• Prime Location – Near Sibley Blvd, Major Retail, & Expressways

📞 To Schedule a Walkthrough or Submit an Offer:
Call/Text Now – (630) 294-2714