Back to Search

Calumet City Multifamily Investment Property

1600 MEMORIAL Drive Calumet City, IL 60409

1600 MEMORIAL Drive, Calumet City, IL, 60409

$299,000

Pending

For Sale

$299,000

Pending

MULTI_FAMILY - Calumet City, IL

AddedFeb 12

Days on Market153

Last RefreshJul 15 at 12:06 pm

Property Features for 1600 MEMORIAL Drive

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: MULTI
Bedrooms: 7
Bathrooms: 6
Rooms: Bedroom 1, Basement, Bedroom 4, Bathroom 5, Bathroom 4, Bathroom 6, Utility Room, Bathroom 3, Bedroom 5, Bedroom 2, Laundry Room, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 7, Bathroom 1
Parking: 3
Parking features: Open, Garage
Basement: Full, Finished, Daylight
Standard status: Pending
APN: 29124110380000

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 15238

Utilities

Sewer type: Public Sewer
Heating system: Steam
Water source: Public

Building Details

Year built: 1974
Building materials: Brick

Listing agent Frank Montro License #475128449

Listing office Keller Williams Preferred Rlty 16101 108th Avenue, Orland Park, IL

Listing date Feb 12, 2026

MLS# 12566376 Listing URL

Investment Insights

Based on property information with market context.

This solid brick multi-family property in Calumet City, Illinois, presents an investment opportunity. The property includes 7 bedrooms and 6 bathrooms, along with a 3-car garage. It is currently an income-producing property with potential for increased returns. One studio is under a long-term lease expiring on May 1st. The remaining tenants operate on a month-to-month basis, offering flexibility for a new owner. These tenants are open to discussing rent increases, which could provide immediate value after the sale. The property features balconies on both the first and second floors, a boiler heating system, and an on-site laundry room.

Key Highlights

Brick multi‑family built in 1974 with 7 bedrooms and 6 bathrooms
Steam heat with boiler heating system; public water and public sewer
Balances on both the 1st and 2nd floors

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Similar For Sale Nearby

$205,000

Multi-Family Residential Property

Multi-family property for sale in Calumet City, offering an owner-occupant or investor housing use.

384 Greenbay Avenue, Calumet City, IL 60409

View Details
$279,900

All-Brick 2-Unit Duplex with Garage

All-brick two-unit property with separate living spaces, recent major systems updates, and off-street parking.

312 Luella Avenue, Calumet City, IL 60409

View Details
$120,080

Two-Unit Duplex Residence

Two-flat duplex offering 6 bedrooms and 2.2 bathrooms, sold as-is for cash-only buyers.

387 Madison Avenue, Calumet City, IL 60409

View Details
$1,310,000

12,855 SF

Dollar General Redevelopment Opportunity

Dollar General NNN investment in Calumet City, Illinois.

626 River Oaks Drive, Calumet City, IL 60409

View Details
$180,000

Mixed-Use Live-Work Commercial Property

Two-level mixed-use building with office workshop space below and a residential unit above for owner or rental flexibility.

591 Burnham Avenue, Calumet City, IL 60409

View Details
$400,000

5,000 SF

7-Unit Multifamily Investment

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

11 157th Street, Calumet City, IL 60409

View Details
$600,000

Historic Building in Calumet City

Well-maintained building suitable for owner-user or redevelopment.

248 155th Place, Calumet City, IL 60409

View Details
$300,000

7-Unit Value-Add Multifamily

Seven-unit property with six 2-bedroom units and one 3-bedroom unit, positioned for renovation and stabilization.

358 Yates Avenue, Calumet City, IL 60409

View Details
$300,000

7-Unit Multifamily Value-Add

Seven-unit multifamily with six 2-bedroom and one 3-bedroom unit, offered for value-add renovation and stabilization.

358 Yates Avenue, Calumet City, IL 60409

View Details
$950,000

9,980 SF

Calumet City Retail Property

9,980 SF retail property in Calumet City, Illinois.

1901 River Oaks Dr, Calumet City, IL

View Details
$224,900

Calumet City Commercial Property For Sale

Commercial property for sale in Calumet City, Illinois.

635 Burnham Avenue, Calumet City, IL 60409

View Details
Contact for pricing

Two-Flat Duplex With Six Bedrooms

Two-unit duplex with six bedrooms and 2.2 baths, offered for sale as-is through a HUD-guided auction process.

366 Luella Avenue, Calumet City, IL 60409

View Details

For sale
Multifamily properties
IL
Calumet City
60409
1600 MEMORIAL Drive

What type of property is this?

Multifamily property - Solid brick multifamily property with income potential in Calumet City.

Where is this multifamily property located?

The property is located at 1600 MEMORIAL Drive Calumet City, IL.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: Brick multi‑family built in 1974 with 7 bedrooms and 6 bathrooms; Steam heat with boiler heating system; public water and public sewer; Balances on both the 1st and 2nd floors

1600 MEMORIAL Drive Calumet City, IL 60409

MULTI_FAMILY - Calumet City, IL

Property Features for 1600 MEMORIAL Drive

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Multi-Family Residential Property

All-Brick 2-Unit Duplex with Garage

Two-Unit Duplex Residence

Dollar General Redevelopment Opportunity

Mixed-Use Live-Work Commercial Property

7-Unit Multifamily Investment

Historic Building in Calumet City

7-Unit Value-Add Multifamily

7-Unit Multifamily Value-Add

Calumet City Retail Property

Calumet City Commercial Property For Sale

Two-Flat Duplex With Six Bedrooms

FAQs