83 Paxton Avenue Calumet City, IL $ 400,000
83 Paxton Avenue
$ 400,000
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83 Paxton Avenue

Calumet City, IL, 60409
$ 400,000
Bedrooms11 Baths0.0 Sq 6,237

Monthly Estimate*

$ 2,526

83 Paxton Avenue, Calumet City, IL 60409 - Image 1
83 Paxton Avenue, Calumet City, IL 60409 - Image 2
83 Paxton Avenue, Calumet City, IL 60409 - Image 3
83 Paxton Avenue, Calumet City, IL 60409 - Image 4
83 Paxton Avenue, Calumet City, IL 60409 - Image 5
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83 Paxton Avenue, Calumet City, IL 60409 - Image 8
83 Paxton Avenue, Calumet City, IL 60409 - Image 9

Multi-Family Home for sale in Calumet City, IL

for $400,000 with 11 bedrooms. This 6,237 square foot home was built in 1972 on a lot size of 0.17.

Turnkey investment opportunity! This well-maintained six-unit multifamily property offers an excellent opportunity to add a solid income-producing asset to your portfolio. The building consists of five spacious two-bedroom, one-bath apartments that are currently tenant occupied and producing immediate rental income, along with one one-bedroom, one-bath unit currently utilized for owner occupancy. This unique setup provides an outstanding opportunity for an owner-occupant to offset living expenses with rental income or for an investor to maximize income by leasing the sixth unit. Recent capital improvements, including a newer roof, front windows, furnaces, and water heater, help minimize future maintenance expenses and enhance long-term value. A rear parking area provides convenient off-street parking for tenants. Ideally located in Calumet City with easy access to major expressways, public transportation, shopping, dining, parks, schools, and nearby Indiana, this property offers a desirable location for tenants and investors alike. Convenient access to I-94 and I-80 makes commuting throughout the south suburbs and into downtown Chicago simple and efficient. Whether you're looking to expand your investment portfolio or live on-site while generating substantial rental income, this well-maintained six-flat is an outstanding opportunity. Please allow a minimum of 24 hours' notice for all showings due to tenant occupancy.

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Multi-Family Active

Price

$ 400,000

Bedrooms

11

Property Type

Multi-Family

Taxes

$ 20,588

Style

Lot Size

0.17

Year Built

1972

Town/City

Calumet City

County/Region

Cook

MLS | Web ID

12722883

Features
General
Zoning MULTI
Construction Materials Brick
Year Built 1972
Stories Count 3
Township Thornton
Tax Year 2024
Gross Income 5600
County Cook
Net Operating Income 0
Operating Expense 2000
Insurance Expense 560
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 300
Status Active
Directions Take Torrence East to Paxton 3rd building down
City Calumet City
Number Of Units Total 6
MLS Area Calumet City
Lot Size Square Feet 7500
Tax Annual Amount 20588.35
Electric Expense 50
Fuel Expense 0
Trash Expense 170
Water Sewer Expense 170
Additional Parcels Y/N N
Standard Status Active
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Interior
Total Fireplaces 0
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Exterior
Building Area Total 6237
Lot Dimensions 40'X128'
Lot Size Acres 0.17
Frontage Type City Street
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* Excluded Features
List By
Legacy Properties, A Sarah Leonard Company, Llc

Broker

sarah@sarahleonardsells.com

Email

Affordability Calculator

$4,241
Per Month
60%
40%
0%
Monthly Principal & Interest
$2,526
Monthly Property Taxes
$1,716
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/6/2026$400,000 Listed Price

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83 Paxton Avenue, Calumet City, IL, 60409 is a Multi-Family Home for sale at $400,000 with 6,237 sqft and a lot size of 0.17. 83 Paxton Avenue has 11 bedrooms, 0.0 baths, and was built in 1972. The property's zip code is 60409 which is in Calumet City, IL