Corcoran Urban Real Estate
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19 Properties Within 0.5 miles of: 387 Madison, Calumet City

387 Madison
Calumet City, IL 60409

  • 6 Beds
  • Built In 1972
Price

$230,000

Est Payment
$2,363 / month (details)  
Taxes
$14,986  
Beds
6  
Rooms
12  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
39 X 123  
Built
1972  
Neighborhood
Calumet City  
MLS
#12558779
Status
Active (16 days)

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.

Property Map

Property Details

Utilities

  • Heating Natural Gas
  • Cooling
  • Water Lake Michigan
  • Sewer Public Sewer

Additional Information

Parking
2 Garage Spaces, Yes, Garage Owned, Detached, Garage, Parking included in price
Schools
District 205, District 149

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

02-02-2026 Listed at $230,000
Last Modified 2/8/26 12:05 AM

Nearby Transportation

  • I 94 West 0.2 mi
  • I 94 East 0.3 mi
  • I 294 North 3.4 mi
  • I 80 West 3.4 mi
  • Hwy 6 West 3.4 mi
  • Hwy 394 South 3.4 mi
  • I 80 East 3.4 mi
  • I 294 South 3.4 mi
  • Hwy 394 North 3.4 mi
  • Hwy 6 East 3.4 mi
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