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1506 W 127th Street Calumet Park, IL $ 375,000
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1506 W 127th Street
$ 375,000
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1506 W 127th Street

Calumet Park, IL, 60827
$ 375,000
Bedrooms-- Baths-- Sq 2,900

Monthly Estimate*

$ 2,368

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Commercial Property for sale in Calumet Park, IL

for $375,000. This 2,900 square foot building was built in 1966 on a lot size of 0.073462.

2 (2) bedroom 1 bath apartment, and (2) 1000 Sqft store fronts or office space on lower level. Currently spaces are combined but utilities are separate and can be re-divided with simply a wall. 2 parking spaces in rear of building as well. Building is as-is but recently renovated. The commercial space has endless opportunities with it being on busy 127th st. Start your new business with the confidence of continued money flow while renting 2 apartments on 2nd Flr. Property is only 2 blocks east of i57 highway. Bring all offers! Property is AS-IS room count and size is estimated. Broker interest.

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Commercial Active

Price

$ 375,000

Property Type

Commercial

Taxes

$ 8,380

Style

Lot Size

0.073462

Year Built

1966

Town/City

Calumet Park

County/Region

Cook

MLS | Web ID

12738149
Features
General
Cooling Central Air Window Unit(s)
Possession Closing Immediate
Zoning MULTI
Construction Materials Brick
Year Built 1966
Electric Circuit Breakers Separate Meters
Tenant Pays Air Conditioning Electricity Heat
Stories Count 2
Township Calumet
Property Subtype Mixed Use
Tax Year 2025
Gross Income 0
County Cook
Insurance Expense 2200
Property Type Commercial Sale Mixed Use
Status New
Directions I57 south to 127th st. East to 1506
City Calumet Park
Number Of Units Total 4
MLS Area Calumet Park
Lot Size Square Feet 3200
Tax Annual Amount 8380.79
Electric Expense 1000
Fuel Expense 1000
Trash Expense 1100
Water Sewer Expense 1500
Additional Parcels Y/N N
Standard Status Active
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Interior
Flooring Tile Vinyl
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 2900
Lot Dimensions 50X100
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* Excluded Features
List By
Land Of Lincoln Realty, Inc.

Broker

theresais@me.com

Email

Affordability Calculator

$3,066
Per Month
77%
23%
0%
Monthly Principal & Interest
$2,368
Monthly Property Taxes
$698
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/20/2026$375,000 Listed Price

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1506 W 127th Street, Calumet Park, IL, 60827 is a Commercial Property for sale at $375,000 with 2,900 sqft and a lot size of 0.073462. 1506 W 127th Street was built in 1966. The property's zip code is 60827 which is in Calumet Park, IL

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