387 Madison Avenue Calumet City, IL 60409
Listing Courtesy of: MLS LogoMidwest Real Estate Data as distributed by MLS GRID / Coldwell Banker Realty / Terry Johnson

  387 Madison Avenue Calumet City, IL 60409

Active (60 Days)
$230,000 (USD)
6
BED
4
BATH

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.

MLS #:
12558779
Taxes
$14,986(2024)
Lot Size
4,792 SQFT
Type
Multifamily
Year Built
1972
School District
149,205
County
Cook County

Listed By

Terry Johnson, Coldwell Banker Realty
Source
Midwest Real Estate Data
Last checked Apr 2 2026 at 6:51 PM GMT+0000
Bathroom Details
Heating and Cooling
  • Natural Gas
Basement Information
  • Unfinished
  • Full
Utility Information
  • Utilities: Water Source: Lake Michigan
  • Sewer: Public Sewer
Parking
  • Garage Owned
  • Garage
  • Detached
  • Yes
Location
   
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 4/2/2026 18:51. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.