2025 Dolton Rd

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Address: 2025 Dolton Rd, Calumet City, Illinois, US
Created date: March 27, 2024
Date last updated: April 11, 2024
  • Assumable agency financing at 3.15% interest rate, 7 years remaining term
  • Chicago Metro age restricted 301 site community with 90% occupancy and room for growth
  • Community entrance is less than 1000 ft. from I-94 on ramp w/ Boulevard style entrance including a Traffic Light
  • Significantly improve utility recapture and usage expenses through RUBS, whilst maintaining below market rents
  • Opportunity to start a leasing program and consider becoming an all age community
  • The real estate must be purchased in conjunction with the home portfolio (9 vacant homes + 10 pending renovations)

Property Description

Sunstone is proud to exclusively offer an exceptionally rare 301 unit, age restricted community in Metro Chicago, only 20 miles from Midway airport and downtown Chicago. The property has assumable agency financing at 3.15% with 7 years of term remaining. Lot rent levels are currently well under market and the property is serviced by municipal water and sewer. The property offers numerous amenities such as a recently renovated clubhouse, management office, off street car parking (many with carports), and a pond. This a great opportunity to own in Metro Chicago with tremendous upside through Utility Recapture and absorption of units.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $21,000,000
No. of Units: 301
Lot Size: 40.00 Sq ft
Opportunity Zone: No
Price per unit: $69,767
Property Website Click Here
Address: 2025 Dolton Rd, Calumet City, IL 60409, USA
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