Under Contract

1860 State Street

Calumet City, IL 60409
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Bed 8

Bed

Bath 5

Bath

Don't miss this exceptional investment opportunity! This rock-solid, meticulously maintained four-unit building is the perfect addition to your portfolio, offering strong cash flow, quality long-term tenants, and major capital improvements already completed. Producing approximately $46,000 in annual net income after expenses, this turnkey property delivers immediate income with excellent long-term value. The building features 8 bedrooms and 5 bathrooms across four well-maintained units, all showcasing beautiful hardwood floors. The ground-level unit offers 3 bedrooms and 1 fully remodeled bathroom, along with a new kitchen countertop and new stove. The first-floor unit features 3 bedrooms and 2 bathrooms, hardwood floors throughout, great finishes, and an expansive layout that tenants lov e. The second floor includes two updated 1-bedroom, 1-bath units. Unit 2W features a remodeled bathroom, new refrigerator, and new window air conditioning unit. Unit 2E has also been remodeled and includes an updated bathroom, new refrigerator, new stove, and new window air conditioning unit. The common laundry area includes a new dryer, and the coin-operated laundry generates approximately $600 annually in additional income. Each unit also includes its own private storage area. Three of the four units are currently occupied by CHA tenants, providing a stable and consistent rental income stream. 1 unit is being kept open for a owner occupant if desired. Income and expense statements are available upon request. This property has been exceptionally maintained with significant capital improvements, including a 3-year-old roof, updated electrical, updated windows on the front and rear elevations, with some side windows also replaced, and a boiler that was professionally rebuilt approximately one year ago with multiple new components and is in excellent operating condition. Tenants pay their own electric utilities, helping keep operating expenses low. Outside, you'll appreciate the fully fenced yard, a gated side driveway with parking for up to 12 vehicles, and a 2.5-car garage, amenities rarely found in multifamily properties that add tremendous value for both owners and tenants. This is a rare opportunity to own a well-maintained, income-producing property with updated units, stable tenants, excellent cash flow, and long-term investment potential. Schedule your private showing today while its still here and see everything this outstanding property has to offer.

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Detail Ic Property Details

Property Type : Residential Income

Price : $384,900

AD Id : 87998695

MLS Id : MRD12701339

Beds : 8

Year Built : 1966

Garage : 2.5

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 8 Room Types: Workshop

    Bathroom Information

    Total Baths: 5

    Room Information

    Rooms Total: 16
  • Flooring Information

    Construction Materials: Brick
  • Heating & Cooling

    Heating: Steam, Baseboard WaterSource: Public

  • Building Information

    Year Built: 1966

  • Lot Information

    Lot Dimensions: LESS THAN .25 ACRE Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$384900

  • Tax Information

    Annual Tax: $16188.92 Tax Year: 2024 Parcel Number: 29013000630000

  • Parking Information

    Total Parking: 2.5 Garage Door Opener, Yes, Garage Owned, Detached, Garage Is Parking Included in Price: Yes

    Garage Information

    Garage Space: 2.5

  • Utility Information

    Sewer: Public Sewer Water Source: Public
  • Location Information

    City: Calumet City Direction: Take I-94 South, exit at Sibley-147th Street East to Clyde. Turn left at Clyde, go three blocks North and turn right to the third building from the corner.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
144 154th Place, Calumet City, IL, 60409 $285,000 5 3 --
883 Buffalo Avenue, Calumet City, IL, 60409 $239,900 3 1 1,350 1,350 SqFt
383 Calhoun Avenue, Calumet City, IL, 60409 $172,000 3 2 1,260 1,260 SqFt
312 Luella Avenue, Calumet City, IL, 60409 $279,900 5 3 --
Undisclosed Address, Calumet City, IL, 60409 $190,000 3 2 1,129 1,129 SqFt
916 Williams Street, Calumet City, IL, 60409 $150,000 6 3 2,536 2,536 SqFt
1368 Balmoral Avenue, Calumet City, IL, 60409 $80,000 3 2 1,176 1,176 SqFt
1336 Hirsch Avenue, Calumet City, IL, 60409 $162,900 3 2 1,204 1,204 SqFt
326 Clyde Avenue, Calumet City, IL, 60409 $168,000 4 2 1,393 1,393 SqFt
203 156th Place, Calumet City, IL, 60409 $174,900 3 2 1,248 1,248 SqFt
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ByOwner last updated this listing 07/23/2026 @ 06:20

MLS: MRED #12701339 LISTED BY: Brande Guilmette-Hampton, Centered International Realty 312-488-9467 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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