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387 Madison Avenue, 
Calumet City, IL 60409

$230,000

6

Beds

4

Baths

-

Sq Ft

Multi-Family

Active

Listed by

Terry Johnson
Coldwell Banker Realty

Last updated:

March 8, 2026, 10:51 AM

MLS#

12558779

Source:

MLSNI

Company Logo

About This Home

387 Madison Avenue

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.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1972

Price Summary

230,000

MLS #:

12558779

Last Updated:

March 8, 2026, 10:51 AM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

2

Structure

Structure

Year Built:

1972

Lot

Lot Size (Sq. Ft):

4,791

Finances & Disclosures

Finances

Price:

$230,000

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.