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Three-Unit Triplex Property
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309 Memorial Dr, Calumet City, IL 60409

Three-unit residential building requiring repairs and updates, offered in its existing condition.

Property Size3,230 SF
Days on Market6

Property Features for 309 Memorial Dr

General Information

Standard status Active
Size 3,230 SF
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence many repairs and updates are needed

Additional Details

Asking Price $218,400
Multifamily Units 3

Building Details

Year Built 1926
Buildings 1
Listing Agency: Realhome Services & Solutions, Inc.
Listed By: Val Laborevitch · License #471019467
Source: Illianahomesource
Added: Sep 12 Changed: Sep 17 Last Checked: Sep 16 at 5:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realhome Services & Solutions, Inc.

Investment Insights

Based on property information with market context.

This three-unit residential property in Calumet City includes approximately 3,230 square feet of living area, with six bedrooms and five bathrooms across the building. Constructed in 1926, the property requires repairs and updates and is being offered in its existing condition.

The sale is subject to the property’s current physical condition, with no repairs, warranties, guarantees, or contingencies provided. Inspection is recommended before bidding.

Key Highlights

  • Three‑unit residential building at 309 Memorial Dr, Calumet City, IL 60409
  • Approximately 3,230 square feet of living space
  • Six bedrooms and five bathrooms

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Cafe & Coffee Shop Computer & Electronic Repair (Bike/Boat/Book/etc) Store

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

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,099
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?
Triplex - Three-unit residential building requiring repairs and updates, offered in its existing condition.
Where is this triplex located?
The property is located at 309 Memorial Dr Calumet City, IL.
What are key features of this property?
This property features: Three‑unit residential building at 309 Memorial Dr, Calumet City, IL 60409; Approximately 3,230 square feet of living space; Six bedrooms and five bathrooms
More about this property
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