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657 Freeland Avenue Calumet City, IL 60409 • Multi Unit - Multiple • Active

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Description

Live in one house and rent the other out! Two Single-Family Homes for the Price of One! Fire your landloard today with this rare property featuring two separate single-family homes on a single parcel with only one tax bill. This unique setup offers an incredible turnkey opportunity for new or savvy investors or owner occupants with an immediate income opportunity. The first home, 657 Freeland, is a spacious 4-bedroom, 2-bathroom house (including one bedroom in the basement) that is currently vacant, easy to show, and previously rented for $2,400 a month. Right next door, 659 Freeland features a 5-bedroom, 2-bathroom layout with an unfinished basement perfect for storage or future value-add potential. This second home is currently occupied by a tenant on a month-to-month lease generating $2,300 a month, ensuring immediate cash flow from day one. Schedule your private showing of the vacant home today!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 9
Bathrooms: 4
County: Cook
Listed By:
ICandy Realty LLC 708-255-0200
MRED MLS
$285,000
Est. $2,033/mo
9beds
4baths
New to the Market Active
BEDS9 BATHS4 full MLS#12771520
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 215

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657 Freeland Avenue, Calumet City, IL 60409.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $285,000$285,000$285,000
Down Payment $57,000$9,975$71,250
Monthly Mortgage Amount $1,536$1,885$1,862
Taxes $397$397$397
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$125$0
Monthly Estimated Total $2,033$2,507$2,359

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