Active

387 Madison Avenue

Calumet City, IL 60409
$230,000
6beds
4baths
sqft
0.11acres
Ask Dwello about this home
Anything from "is it priced right?" to "what's the catch?"

About this home

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 Description — as provided by the listing brokerage.

The facts

Property typeResidential Income
Year built1972
Garage spaces2
Lot size0.11 acres
Annual tax$14,986.09
CountyCook
MLS #MRD12558779
Days on market53

Features

Heating
Natural Gas
Parking
YesGarage OwnedDetachedGarage
Construction
Brick
Sewer
Public Sewer
Listed by
Coldwell Banker Realty
Terrence Johnson

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 3/26/2026, 3:53:02 PM. All data should be independently verified.

You + your agent

What do you think?

React below so your dwello agent knows how you feel. Leave a note to start a conversation about this home.

Loading…