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4-Unit Apartment Quadplex
For Sale
$49,000

45 156th Place, Calumet City, IL 60409

Multi-unit apartment property with spacious residences and a documented need for repairs before occupancy or repositioning.

Property SizeContact for details
Days on Market12

Property Features for 45 156th Place

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Income
Zoning MULTI

Property Condition

Severity Repairs Needed
Evidence in need of some repairs

Additional Details

Public Transit Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $17,131

Building Details

Year Built 1938
Listing Agency: Listing Leaders Northwest, Inc
Listed By: Joanna Bruno
Source: Perillorealestategroup
Added: Aug 13 Changed: Aug 21 Last Checked: Aug 23 at 11:36AM

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 Listing Leaders Northwest, Inc

Investment Insights

Based on property information with market context.

This four-unit apartment building dates to 1938 and is located in Calumet City, Illinois. The residences are described as spacious, while the property requires repairs. The building is offered in its existing condition, with no termite inspection or survey provided.

The property carries MULTI zoning and is situated near schools, parks, retail, and public transportation. Its four-unit configuration provides a defined multifamily layout for an owner evaluating repairs and future operation.

Key Highlights

  • Four‑unit apartment building built in 1938
  • Spacious apartment units requiring repairs
  • MULTI zoning

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Gym & Fitness Center Cafe & Coffee Shop Spa & Massage 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.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,037
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Multi-unit apartment property with spacious residences and a documented need for repairs before occupancy or repositioning.
Where is this quadplex located?
The property is located at 45 156th Place Calumet City, IL.
What is the asking price?
The asking price for this property is $49,000.
What are key features of this property?
This property features: Four‑unit apartment building built in 1938; Spacious apartment units requiring repairs; MULTI zoning
More about this property
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