657 Freeland Avenue

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Address: 657 Freeland Ave, Calumet City, IL 60409, USA
Chicago & Midwest + Apartment Buildings
Created date: September 28, 2026
Date last updated: September 28, 2026
Price: $285,000Investment Analyzer NEW!

Property Description

Live in one house and rent the other out! Two Single-Family Homes for the Price of One! Fire your landloard today with this rare property featuring two separate single-family homes on a single parcel with only one tax bill. This unique setup offers an incredible turnkey opportunity for new or savvy investors or owner occupants with an immediate income opportunity. The first home, 657 Freeland, is a spacious 4-bedroom, 2-bathroom house (including one bedroom in the basement) that is currently vacant, easy to show, and previously rented for $2,400 a month. Right next door, 659 Freeland features a 5-bedroom, 2-bathroom layout with an unfinished basement perfect for storage or future value-add potential. This second home is currently occupied by a tenant on a month-to-month lease generating $2,300 a month, ensuring immediate cash flow from day one. Schedule your private showing of the vacant home today!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $285,000
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 9
Number of Bathrooms: 4
Address: 657 Freeland Avenue, Calumet City, IL 60409, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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