437 Prairie Ave, Calumet City, IL 60409

STRONG RENTAL MARKET

Calumet City features a strong rental market, with a good school system and proximity to Chicago creating high demand and low vacancy.

TRANSIT ORIENTED LOCATION

The property is 0.1 miles from the Pace Bus Line and has excellent access to Sibley Boulevard (IL Route 83) and Interstate 94, which connects with I-80 and I-294. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas. Additionally, the property is 3.6 miles from the Riverdale, 147th Street, and Hegewisch Metra Stations.

CONVENIENT SUBURBAN LOCATION

The Property is within walking distance of a multitude of retailers, restaurants, and businesses in the area positioned along Sibley Boulevard (IL Route 83) and Torrence Avenue, the area’s primary commercial corridors. The Property is 0.3-miles from Pete’s Fresh Market, and convenient to CVS, Walgreens, Dollar Tree, Family Dollar, Popeye’s & McDonald’s, and 2.6-miles from the River Oaks Center (an enclosed Mall and Open-air Center). The Property is less than 3-miles from Burnham Woods and the Forest Preserves of Cook County, nature preserves with walking and biking trails, picnic areas, and year-round outdoor activities.

STRONG SCHOOL DISTRICT

The property benefits from a highly sought-after school district and is within 2.5-miles of Thornridge High School, Thornton Fractional North High School, the Wentworth Intermediate School and Wentworth Junior High School, and Caroline Sibley Elementary School.

VALUE-ADD OPPORTUNITY

In-place rents are below the current market rent for comparable units in the area, offering the Buyer the potential to raise rents and increase current revenue in a high demand, supply constrained market.

SEPARATELY METERED UTILITIES

Each unit is individually metered for electricity, electric heat, and electric hot water, which the tenants pay directly. The landlord is responsible for common area electric and domestic water and sewer.

AMENITIES

The Property features on-site parking for ten (10) vehicles, has an on-site laundry facility, and offers individual balconies or patios for each unit.

ATTRACTIVE, LOW MAINTENANCE BRICK BUILDINGS

The three-story building features a brick construction, considered a low-cost, low maintenance exterior due to its durability, color retention, fire containment, and storm protection.

STRONG RENTAL DEMOGRAPHICS

Over 103,600 people live within a 3-mile radius of the property with an average household income of $79,388. An impressive 240,600+ people live within 5-miles of the Property with an average household income of $77,326.