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12-Unit Apartment Building
New
For Sale
$899,996

486 Buffalo Avenue, Calumet City, IL 60409

A Trane heating system serves a multifamily property zoned MULTI.

Property Size7,486 SF
Price / SF$120.22
Days on Market3

Property Features for 486 Buffalo Avenue

General Information

Standard status Active
Size 7,486 SF
Property subtype Commercial
Zoning MULTI

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 4 x 2BR, 8 x 1BR
Multifamily Units 12

Additional Details

Gross Income $148,800
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $29,000

Building Details

Building Size 7,486 SF
Year Built 1960
Buildings 1
Stories 2
Units 12
Listing Agency: Infiniti Properties, Inc.
Listed By: Cimena Cummings
Source: Fishmangroup
Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 3:34PM

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 Infiniti Properties, Inc.

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Investment Insights

Based on property information with market context.

This 7,486-square-foot apartment property was built in 1960 and contains 12 residences: four two-bedroom units and eight one-bedroom units. A Trane high-efficiency heating system serves the building, which carries MULTI zoning.

The property is near the Illinois-Indiana border, with shopping, a Metra station, entertainment, educational and cultural establishments, and major highways in the surrounding area.

Key Highlights

  • 12 apartments: four 2‑bedroom units and eight 1‑bedroom units
  • 7,486 square feet
  • Built in 1960

Property Analytics

Lease Details

12
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

351
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

Frequently Asked Questions

What type of property is this?
Apartment building - A Trane heating system serves a multifamily property zoned MULTI.
Where is this apartment building located?
The property is located at 486 Buffalo Avenue Calumet City, IL.
What is the asking price?
The asking price for this property is $899,996.
What are key features of this property?
This property features: 12 apartments: four 2‑bedroom units and eight 1‑bedroom units; 7,486 square feet; Built in 1960
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