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387 Madison Avenue Calumet City, IL 60409

$230,000
(Short Sale) - Active / MLS# 12558779 / Multi Unit - Multiple / Calumet City
6 Beds
4 Baths

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.

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Baird & Warner Steve Isackson Agent Cell: 847.923.6923 Email

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Estimated Payment

$ 1,827.03 per month $511.11 Principal & Interest $1,248.83 Property Tax $67.08 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Garage: 2
Heating: Natural Gas
Lot Size: 0.11 Acres
Taxes: $14,986
Year Built: 1972

Feature Descriptions

Exterior: Brick
Lot Dimensions: 39 X 123
Parcel#: 29121190050000
Parking: Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 12
Township: Thornton
Water: Lake Michigan

Schools

School District: District 205

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Coldwell Banker Realty

Listing Office Phone: 708-424-4000



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