1475 Sibley Boulevard, Calumet City, IL 60409 - Photo 1

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$194,500

For Sale
Active
Commercial
1,800 Sq. Ft.

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Property Description

Prime Investment Opportunity! This fully renovated mixed-use property offers the perfect blend of business potential and rental income. The front unit (Unit 1) is a move-in-ready commercial space that has been newly remodeled with upgraded electrical, plumbing, heating, A/C, and windows. It includes three offices (two measuring 10x11 and one 10x16), a spacious kitchen/breakroom, a welcoming waiting area, and a modernized bathroom. This bright, open space is ideal for various businesses. The rear unit (Unit 2) is a recently updated 2-bedroom, 1-bath apartment, currently rented until the end of September, providing immediate passive income. Additional upgrades include new concrete around the building and three off-street parking spaces in the rear, in addition to the street parking. Situated on a high-traffic street with excellent visibility, this turnkey, income-producing property is perfect for investors, entrepreneurs, or owner-occupants looking to maximize returns. Don't miss out-schedule your showing today!

Full Property Details

Full Property Details for 1475 Sibley Blvd

General

Price: $194,500
Taxes: $5,189 (2024)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12368071
Updated: 12/5/2025
Added to Site: 263 day(s) ago

Interior

Flooring: Tile, Vinyl, Wood

Location

Area: Calumet City
County: Cook
Township: Thornton
Driving Directions: 2 blocks West of Torrence on corner of Sibley & Calhoun
Location Details: South Suburban, Corner, Mixed-Use Area, In City Limits, High Traffic Area

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Forced Air, Gas

Utilities

Trash: 136

Structural Information

Construction: Brick
Exterior Const.: Brick
Roof: Composition
Sub-Flooring: Tile, Vinyl, Wood
Stories/Levels: 1
Square Feet: 1,800
Current Bldg. Use: Legal Non-Conforming
# of Stores: 1
Year Built: 1961
Built Before 1978: Yes

Unit Information

# Tenants: 1
Units w/Refrigerators: 1
Units w/Range/Oven: 1
# Dryers: 1

Lot Features

Lot Size (Sq. Ft.): 4,514
Lot Dimensions: 37 x 122
Frontage: City Street
Potential Use: Commercial, Retail
Zoning: COMMR

Financial Considerations

Lease Price: $19
Insurance Fee: $2,200
Operating Expenses: $3,796
Assessment Year: 1961
Tax Amount: $5,189.2
Tax Year: 2024
Tenant Pays: Electricity, Heat
Pays Electric: 180
Pays Trash: 136

Disclosures and Reports

Property ID: 29124060370000

Listed by HomeSmart Realty Group

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Schools

Schools serving 1475 Sibley Blvd

School Districts:Dolton School District 149, Thornton Township High School District 205

Name	Grades	Distance
Carol Moseley Braun School 1655 153rd Street, Calumet City, IL 60409	1-6	0.4 mi
Diekman Elementary School 15121 Dorchester Avenue, Dolton, IL 60419	PK-6	1.1 mi
School Of Fine Arts 1650 Pulaski Road, Calumet City, IL 60409	6-8	0.5 mi
Creative Communications Academy 1650 Pulaski Road, Calumet City, IL 60409	6-8	0.5 mi
Thornwood High School 17101 South Park Avenue, South Holland, IL 60473	9-12	3.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1475 Sibley Blvd Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/08/2025

Price Reduced

$194,500

-2.75%

MLS

5/16/2025

Listed

$199,999

207.69%

MLS

11/02/2023

Sold

$65,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1475 Sibley Blvd

Year

Property Taxes

Change

Tax Assessment

Change

2023

$8,117

-1%

$12,999

26%

2022

$8,183

$10,337

—

2021

$7,707

139%

$10,337

—

2020

$3,231

106%

$10,337

25%

2019

$1,570

-74%

$8,299

—

2018

$6,101

422%

$8,299

—

2017

$1,169

-45%

$8,299

2016

$2,126

-3%

$7,844

—

2015

$2,181

114%

$7,844

—

2014

$1,018

-69%

$7,844

-22%

2013

$3,260

$9,997

—

2012

$3,217

—

$9,997

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1475 Sibley Blvd

1475 Sibley Boulevard, Calumet City, IL 60409 (MLS# 12368071) is a Commercial property. 1475 Sibley Boulevard is currently listed for $194,500 and was received on May 16, 2025. Want to learn more about 1475 Sibley Boulevard? Do you have questions about finding other Commercial real estate for sale in Calumet City? You can browse all Calumet City real estate or contact a Coldwell Banker agent to request more information.

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1475 Sibley Blvd Calumet City, IL 60409