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Multifamily Property on 0.39 Acres
For Sale
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305 River Oaks Drive, Calumet City, IL 60409

Residential Income, Calumet City, IL

Property SizeContact for details
Lot Size0.39 Acres
Days on Market702

Property Features for 305 River Oaks Drive

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 2
Full bathrooms 3
Rooms Basement, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
Parking 2
Parking features Garage
Basement Full, Unfinished
Elementary school district 157
Middle school district 157
High school district 215
Directions On River Oaks Drive between Price and Freeland.
Subdivision Calumet City
Standard status Active
APN 30201060200000
Lot size 0.39 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 13657

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1929
Building materials Frame
Listing Agency: Parkvue Realty Corporation
Listed By: Anthony Disano · License #471010606
Added: Oct 31, 2024 Changed: Sep 30 Last Checked: Oct 2 at 5:06AM
MLS# 12201002

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This frame residential property, built in 1929, sits on a 0.39-acre parcel and includes three bedrooms, three bathrooms, a basement, and a garage. Natural gas provides heat, with public water and public sewer service. The property is being sold in as-is condition.

Calumet City requires the property to be returned to single-family use and the coach house to be demolished. The sale is subject to the city’s as-is escrow requirements.

Key Highlights

  • 0.39‑acre parcel in Calumet City
  • Frame construction; built in 1929
  • Three bedrooms, three bathrooms, and a basement

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Pharmacy Kitchen & Bath Showroom Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

299
Businesses Nearby

Demographics for 60409, IL

36,045
Population
16,868
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
88%
High-School Grad
7.7 sq mi
ZIP Area
4,681
Density / Sq Mi
$53,991
Median Household Income
$37,389
Median Earnings
$1,138
Median Rent
$133,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - City requirements call for conversion to a single-family home and removal of the coach house.
Where is this multifamily property located?
The property is located at 305 River Oaks Drive Calumet City, IL.
What are key features of this property?
This property features: 0.39‑acre parcel in Calumet City; Frame construction; built in 1929; Three bedrooms, three bathrooms, and a basement
More about this property
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