24 Memorial Drive

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Address: 24 Memorial Dr, Calumet City, IL 60409, USA
Chicago & Midwest + Apartment Buildings
Created date: September 4, 2026
Date last updated: September 25, 2026
Price: $129,000Investment Analyzer NEW!

Property Description

Value-Add 4-Unit Investment Opportunity in Calumet City! Property features 2 apartments and 2 townhome-style units, spacious layouts, rear parking lot, and separate mechanicals with individual heat and washer/dryer accommodations. Distressed property requiring renovation. One townhome has first-floor fire damage; the other is in good condition. Both apartment units have experienced water damage, with mold conditions present. Conveniently located near highways, shopping, parks, Village Hall, and the Indiana border. Great potential for an experienced investor or rehabber to renovate and reposition as an income-producing property. SOLD AS-IS. Seller makes no representations or guarantees. Buyer responsible for inspections, municipal requirements, and verification of all property information and conditions.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $129,000
Year Built: 1956
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 10
Number of Bathrooms: 4
Address: 24 Memorial Drive, 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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