$ 230,000
-
$230,000
Price -
6
Bed -
4
Bath -
0
SqFt
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About the Listing 87918 - 1009736
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.
Listing Highlights
Status
Active
Days on Site
70
Property Type
Multi-Family
MLS ®
12558779
Year Built
1972
Total Square Footage
0
Lot/Acreage
0.11
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 39 X 123
- Zoning: MULTI
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Yes,Garage Owned,Detached,Garage
Financial Details
- Tax Amount: $14,986
- Taxes w/Assessments: N/A
- Tax/Property ID: 29121190050000
- Tax Year: 2024
Payment Calculator
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Questions About..
387 Madison Ave Calumet City, IL 60409
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