387 Madison Avenue, Calumet City, Illinois 60409
$230,000
|
For Sale
|
|
| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1972 |
| Property Taxes: | $14,986 |
| Days On Market: | 60 |
| Lot Size: | 0,11 |
Description
ATTENTION INVESTORS & REHABBERS Rare opportunity to acquire a solid brick 2-unit building featuring spacious 3-bedroom, 1.5-bath units with functional layouts and generous living space. The property also includes an unfinished basement with excellent potential for additional storage or future expansion, along with a detached 2-car garage. This is a true value-add opportunity ideal for investors or savvy buyers looking to build equity. The property requires repairs and the buyer will be responsible for addressing existing village violations, making it perfect for those ready to take on a rehab project with strong upside potential. This is a short sale and is subject to lender approval. Property is being sold as-is, and timelines may vary based on bank review. With solid brick construction, large units, and income potential, this property presents a great opportunity to create a strong long-term investment or cash-flowing asset once stabilized.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1972 | |
| — | |
| — | |
| No | |
| 0.11 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12558779 | |
| 29121190050000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 16 Apr, 2024 | Sold | $150,000 | MRED MLS |
| 29 Nov, 2023 | Under contract | $193,500 | MRED MLS |
| — | Last price change | $215,000 | MRED MLS |
| 3 Jul, 2023 | Listed for sale | $215,000 | MRED MLS |
| 2 Feb, 2026 | Listed for sale | $230,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 39 X 123 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $9,945 |
| 2026 | $14,986 |
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Listing Provided By
Coldwell Banker Realty
