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387 Madison Avenue Calumet City, IL $ 230,000
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$ 230,000 Get more info
387 Madison Avenue
$ 230,000
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387 Madison Avenue

Calumet City, IL, 60409
$ 230,000
Bedrooms6 Baths4.2

Monthly Estimate*

$ 1,416

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387 Madison Avenue, Calumet City, IL 60409 - Image 9
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387 Madison Avenue, Calumet City, IL 60409 - Image 12
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Multi-Family Home for sale in Calumet City, IL

for $230,000 with 6 bedrooms and 4 full baths, 2 half baths. This home was built in 1972 on a lot size of 0.11.

Welcome to this rare opportunity to own a solid brick 2-unit building offering large 3-bedroom, 1.5-bath units with excellent layout and space. Property features an unfinished basement with strong potential for storage or future expansion, plus a detached 2-car garage for added convenience. This is a value-add opportunity ideal for an investor or buyer looking to unlock upside. The property has significant potential but will require the buyer to address existing village violations. Once completed, this building could be a strong long-term hold or income-producing asset. Perfect for buyers seeking a rehab opportunity in a brick multi-unit with generous unit sizes and solid fundamentals. Property SOLD AS-IS.

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Multi-Family Active

Price

$ 230,000

Bedrooms

6

Full Bath

4

Half Bath

2

Property Type

Multi-Family

Taxes

$ 14,986

Style

Lot Size

0.11

Year Built

1972

Town/City

Calumet City

County/Region

Cook

MLS | Web ID

12558779
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Zoning MULTI
Garage Spaces 2
Construction Materials Brick
Year Built 1972
Township Thornton
Tax Year 2024
Ownership Fee Simple
Gross Income 0
Community Features Curbs Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 12
Status Active
Directions East on Sibley North on Prairie East on Stewart South on Madison (Madison is 1-Way).
City Calumet City
High School District 205
MLS Area Calumet City
Tax Annual Amount 14986.09
Standard Status Active
Middle/Junior School District 149
Elementary School District 149
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Interior
Basement Unfinished Full
Total Bedrooms 6
Total Baths 4
Bedrooms Possible 6
Full Baths Building 2
Half Baths Building 2
Total Number of Units 2
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 39 X 123
Lot Size Acres 0.11
Waterfront Y/N N
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* Excluded Features
List By
Coldwell Banker Realty

Broker

terrence.johnson@cbrealty.com

Email

Affordability Calculator

$2,665
Per Month
53%
47%
0%
Monthly Principal & Interest
$1,416
Monthly Property Taxes
$1,249
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566481 Elementary School
565127 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/5/2026$230,000 Listed Price

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387 Madison Avenue, Calumet City, IL, 60409 is a Multi-Family Home for sale at $230,000 with a lot size of 0.11. 387 Madison Avenue has 6 bedrooms, 4.2 baths, and was built in 1972. The property's zip code is 60409 which is in Calumet City, IL

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