566 Ingraham Avenue Calumet City, IL 60409 • Multi Unit - Multiple • New $197,000

Description

This property has LOW property taxes and strong rental appeal. Ideal for house-hacking! This updated, turnkey two-flat in Calumet City offers significant recent capital improvements and modern interiors, making it ideal for investors or owner-occupants seeking a house-hack opportunity. Major system upgrades include replacement of the main water supply line to Calumet City (2024, approx. $15,000 value), new roof with soffit and gutters (2023), wrapped windows (2023), two new furnaces (2022), and a newly poured concrete walkway (2025)-reducing near-term maintenance expenses. Both units feature recessed lighting, luxury vinyl plank flooring, stainless steel appliances, white shaker-style cabinetry, white quartz countertops, and updated bathrooms, providing modern finishes that attract and retain tenants. The first-floor unit has an eat-in kitchen and is currently rented (to be shown only after contract acceptance). The second-floor unit is available for immediate showing and includes a sunroom that can serve as a third bedroom. This option may create additional rental income value-add. Each unit has separate gas and electric meters, with front and rear private entrances. The owner is responsible only for water, helping maintain favorable operating costs. The unfinished basement offers not only additional storage, but also potential recreational space - for future value-add. Located on the east side of Calumet City near the Indiana border, tenants benefit from convenient access to lower fuel costs and no tax on groceries, further strengthening rental demand. Ample street parking and consistent tenant interest make this a solid addition to any investment portfolio. Pre-approvals must be reviewed BEFORE showing the property. Property is being sold AS-IS.

Property Highlights