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    Property profile & analytics

    308 Torrence Ave Calumet City, IL 60409-1900

    • Residential income homes
    • 4,224 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 08, 2023
    $36,000
    Location Intelligence
    Property ID
    US28-2813050
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 308 Torrence Ave

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    4,224 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    29-12-207-038
    APU
    2912207038

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Calumet City
    County
    Cook
    State
    Illinois
    Longitude
    -87.5595
    Latitude
    41.6285
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $6,925
    $1,425
    $9,033
    $10,458
    -
    $14,250
    $90,330
    $104,580

    Comparable in this City

    • Value Estimation by Request
      3,696 SF

      585 Freeland Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,696 SF
      585 Freeland Ave, Calumet City, IL 60409-4131
      View Details
    • Value Estimation by Request
      1,722 SF

      660 Gordon Ave, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,722 SF
      660 Gordon Ave, Calumet City, IL 60409-4157
      View Details
    • Value Estimation by Request
      3,480 SF

      389 Yates Ave, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,480 SF
      389 Yates Ave, Calumet City, IL 60409-2373
      View Details
    • Value Estimation by Request
      1,608 SF

      528 154th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,608 SF
      528 154th Pl, Calumet City, IL 60409-3196
      View Details
    • Value Estimation by Request
      2,940 SF

      221 155th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,940 SF
      221 155th St, Calumet City, IL 60409-4691
      View Details
    • Value Estimation by Request
      1,499 SF

      537 155th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,499 SF
      537 155th St, Calumet City, IL 60409-4511
      View Details

    Similar Nearby for Sale

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      Recently rehabbed three-unit building in Calumet City, Illinois.
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    Similar Nearby for Lease

    • Contact for pricing
      14,750 SF

      Calumet City Warehouse For Lease

      14,750 SF Industrial Space Available
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    • $15 SF/Yr
      900 SF

      Retail Space on Sibley Blvd

      Retail space for lease with high traffic exposure.
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    • Contact for pricing
      66,000 SF

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      66,000 SF Retail Space, Prime Location
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      View Details
    • Contact for pricing
      159,145 SF

      River Oaks West Retail Space

      Calumet City Shopping Center Opportunity
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    • $18 SF/Yr
      1,200 SF

      Retail Space Near Memorial Park

      Retail space available across from Memorial Park with competitive rates.
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    • Contact for pricing
      2,360 SF

      Retail Space in River Oaks

      Retail space available in a high-traffic shopping center.
      96 River Oaks Ctr, Calumet City, IL 60409
      View Details
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    308 Torrence Ave
    Calumet City, IL 60409-1900
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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