Calumet City, IL Apartment Buildings for Sale

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Hammond, IN Highland, IN Lansing, IL

6 properties

Updated: Jul 1

7-Unit Value-Add Multifamily

358 Yates Avenue, Calumet City, IL 60409

$300,000

7‑unit multifamily property built in 1967 in Calumet City, IL
Unit mix: six 2‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit
Stabilized pro forma income assumes $1,525/mo for 2‑bedroom units and $1,800/mo for the 3‑bedroom unit
Projected stabilized effective gross income of $124,830 after a 5% vacancy factor; estimated NOI of $59,559.80
Estimated renovation budget of $105,000 ($15,000 per unit) for turnover, unit repairs, and stabilization needs

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Updated: Jun 9

Multifamily Apartment Building

11 157th Street, Calumet City, IL 60409

$400,000

Built in 1911
8 bedrooms (Bedroom 1 through Bedroom 8)
12 bathrooms (Bathroom 1 through Bathroom 12)

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Well-Maintained 12-Unit Apartment Building

Calumet City, IL 60409

$799,996

12-unit apartment building near Illinois-Indiana border with income potential.

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7-Unit Multifamily Investment

11 157th Street, Calumet City, IL 60409

$400,000

5,000 sqft

Seven-unit building with recent roof repairs and unit renovations, offering a mix of 1- and 2-bedroom residences for investors.

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Historic Building with Apartment Units

248 155th Pl, Calumet City, IL 60409

$600,000

9,700 sqft

Mixed-use property featuring a funeral home and six apartment units.

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Multifamily Building with Nine Units

437 Prairie Ave, Calumet City, IL 60409

$750,000

9,000 sqft

Multifamily building featuring nine units.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Calumet City, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Downtown Hammond Redevelopment Opportunity

5217 Hohman Ave, Hammond, IN 46320

$499,000

41,400 sqft

Five-story, 41,000 SF building near South Shore Train Line.

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Rehabbed 6-Unit Apartment Building

3045 BERNICE Road, Lansing, IL 60438

$800,000

Turnkey investment property with renovated units and high rental income.

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Renovated Mixed-Use Building Near Train

474 Fayette St, Hammond, IN 46320

$775,000

6,161 sqft

Renovated mixed-use building suitable for event center or microbrewery.

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Income-Producing Mixed-Use Lansing Property

2936 Bernice Road, Lansing, IL 60438

$219,500

2,960 sqft

Mixed-use property in Lansing with office and residential units.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Off-Market Properties in Calumet City, IL

Consider similar Off-Market properties in Calumet City, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

1826 State St, Calumet City, IL 60409-1720

Value Estimation by Request

5,119 sqft · 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1826 State St, Calumet City, IL 60409-1720

Value Estimation by Request

5,119 sqft · 0.02 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

450 Sibley Blvd, Calumet City, IL 60409-2660

$720,000

Estimated value

0.28 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

348 154th Pl, Calumet City, IL 60409-4519

Value Estimation by Request

4,260 sqft · 0.14 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

458 Madison Ave, Calumet City, IL 60409-2196

Unit 1

Value Estimation by Request

2,990 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

44 Webb St, Calumet City, IL 60409-4871

Value Estimation by Request

3,552 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

304 Luella Ave, Calumet City, IL 60409-1803

Value Estimation by Request

2,756 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

322 Yates Ave, Calumet City, IL 60409-1966

Value Estimation by Request

3,480 sqft · 0.12 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

481 Buffalo Ave, Calumet City, IL 60409-3460

$840,000

Estimated value

0.14 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

321 157th St, Calumet City, IL 60409-4754

Value Estimation by Request

2,240 sqft · 0.10 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

537 Wentworth Ave, Calumet City, IL 60409-3646

Value Estimation by Request

1,536 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

504 155th Pl, Calumet City, IL 60409-4518

Value Estimation by Request

1,406 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

70 Luella Ave, Calumet City, IL 60409-1553

Unit 2

Value Estimation by Request

5,220 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

447 154th Pl, Calumet City, IL 60409-4555

Value Estimation by Request

2,520 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

663 Sibley Blvd, Calumet City, IL 60409-2532

Value Estimation by Request

2,756 sqft · 0.10 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

396 Pr Ave, Calumet City, IL 60409-2111

Value Estimation by Request

2,841 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

495 Burnham Ave, Calumet City, IL 60409-3428

Value Estimation by Request

2,990 sqft · 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

401 Crandon Ave, Calumet City, IL 60409-2203

Value Estimation by Request

1,420 sqft · 0.12 AC lot

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Calumet City, IL Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Calumet City, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 23,700 square feet of properties for sale, with an estimated market value of $1,750,000.

Sale prices for two-family homes in Calumet City, IL start at $400,000, averaging $583,333, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 35K

Population Growth (5Y) -4.6%

Median Household Income $53,991

College Educated 27.0%

High-Yield Neighborhoods for Investment

Identify Calumet City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60409	$590K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

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Calumet City, IL Apartment Buildings for Sale

358 Yates Avenue, Calumet City, IL 60409

11 157th Street, Calumet City, IL 60409

Calumet City, IL 60409

11 157th Street, Calumet City, IL 60409

248 155th Pl, Calumet City, IL 60409

437 Prairie Ave, Calumet City, IL 60409

Opportunities in Nearby Cities

5217 Hohman Ave, Hammond, IN 46320

3045 BERNICE Road, Lansing, IL 60438

474 Fayette St, Hammond, IN 46320

2936 Bernice Road, Lansing, IL 60438

Potential Development Sites for Consideration

N West Bypass, Springfield, MO 65802

215 N Bear Creek Road, Asheville, NC 28806

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

71 Salters Road, Greenville, SC 29607

Off-Market Properties in Calumet City, IL

1826 State St, Calumet City, IL 60409-1720

1826 State St, Calumet City, IL 60409-1720

450 Sibley Blvd, Calumet City, IL 60409-2660

348 154th Pl, Calumet City, IL 60409-4519

458 Madison Ave, Calumet City, IL 60409-2196

44 Webb St, Calumet City, IL 60409-4871

304 Luella Ave, Calumet City, IL 60409-1803

322 Yates Ave, Calumet City, IL 60409-1966

481 Buffalo Ave, Calumet City, IL 60409-3460

321 157th St, Calumet City, IL 60409-4754

537 Wentworth Ave, Calumet City, IL 60409-3646

504 155th Pl, Calumet City, IL 60409-4518

70 Luella Ave, Calumet City, IL 60409-1553

447 154th Pl, Calumet City, IL 60409-4555

663 Sibley Blvd, Calumet City, IL 60409-2532

396 Pr Ave, Calumet City, IL 60409-2111

495 Burnham Ave, Calumet City, IL 60409-3428

401 Crandon Ave, Calumet City, IL 60409-2203

Calumet City, IL Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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