$230,000

387 Madison Avenue, Calumet City, IL 60409

6 beds |
4 baths

Multi-Family Home
Built in 1972
4,792sqft lot
2 car garage
$——/sqft
Listed 11 days ago

Property Description

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.

Listing Status:: Active
Data Last Updated:: February 14, 2026 at 4:19AM
Listing Office:: Coldwell Banker Realty : 708-424-4000
Listing Agent:: Terrence Johnson : 708-424-4000
MLS ID:: 12558779

Basement: UnfinishedFull
Heating: Natural Gas

Parking: YesGarage OwnedDetachedGarageParking spaces: 2

HOA Amenities: CurbsSidewalksStreet LightsStreet Paved
Originating MLS: mred
School District: 149
County: Cook

Zoning: MULTI29121190050000

Water: Lake Michigan
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Terrence Johnson , Coldwell Banker Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Diekman Elementary School

15121 Dorchester Ave, Dolton, IL, 60419

Grades PK-6

0.58 miles away

School of Fine Arts

1650 Pulaski Rd, Calumet City, IL, 60409

Grades 7-8

0.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.