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Six-Unit Apartment Building
New
For Sale
$400,000

83 Paxton Avenue, Calumet City, IL 60409

Multifamily property with a two-bedroom and one-bedroom unit mix, off-street parking, and recent building improvements.

Property Size6,237 SF
Price / SF$64.13
Days on Market2

Property Features for 83 Paxton Avenue

General Information

Standard status Active
Size 6,237 SF
Property subtype Commercial
Zoning MULTI

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 5 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $20,588

Amenities

off-street parking

Building Details

Building Size 6,237 SF
Year Built 1972
Buildings 1
Stories 3
Units 6
Tenancy Multi
Listing Agency: Legacy Properties, A Sarah Leonard Company, LLC
Listed By: Sarah Leonard · License #475122634
Source: Gia-sells
Added: Aug 15 Changed: Aug 16 Last Checked: Aug 16 at 5:25AM

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 Legacy Properties, A Sarah Leonard Company, LLC

Investment Insights

Based on property information with market context.

This 6,237-square-foot apartment building contains six units: five two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. The five two-bedroom units are tenant occupied, while the one-bedroom unit is used by the owner. Recent improvements include a newer roof, front windows, furnaces, and water heater. A rear parking area provides off-street parking for residents, and the property was built in 1972.

Located in Calumet City, the building offers access to I-94 and I-80, public transportation, shopping, dining, parks, schools, and nearby Indiana. Its MULTI zoning supports the multifamily configuration described for the property.

Key Highlights

  • Six‑unit apartment building with five two‑bedroom units and one one‑bedroom unit
  • 5 tenant‑occupied two‑bedroom, one‑bath apartments
  • 1 one‑bedroom, one‑bath unit currently used by the owner

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Electrical Service Parking Lot & Garage Building Supply

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

6
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

691
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with a two-bedroom and one-bedroom unit mix, off-street parking, and recent building improvements.
Where is this apartment building located?
The property is located at 83 Paxton Avenue Calumet City, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Six‑unit apartment building with five two‑bedroom units and one one‑bedroom unit; 5 tenant‑occupied two‑bedroom, one‑bath apartments; 1 one‑bedroom, one‑bath unit currently used by the owner
More about this property
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