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$324,500 Just Listed
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Property Description
Don't miss this incredible opportunity to own a spacious, income-producing legal 2-unit that's ideal for an owner-occupant, investor, or those seeking the perfect setup for related living. Each oversized unit features 3 generously sized bedrooms, a spacious living room, and a private half bath in the primary bedroom, offering comfort and functionality throughout. The fully finished basement provides additional living space with endless possibilities, making it ideal for extended family, recreation, or flexible use. Both units offer separate heating systems and central air conditioning, allowing for independent comfort and utility management. A coin-operated laundry area adds convenience and potential supplemental income. Outside, you'll find a full detached garage along with ample outdoor space. Whether you're looking to mortgage hack with rental income or expand your investment portfolio, this well-maintained multi-unit checks all the boxes. Conveniently located near schools, parks, shopping, dining, and major expressways, this property offers the perfect blend of space, versatility, and investment potential. Schedule your private showing today!
Full Property Details
Full Property Details for 391 Madison
General
- Price: $324,500
- Taxes: $14,295 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12709490
- Updated: 7/19/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 5
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Spaces: 2.5
- Total Spaces: 2
- Parking Features: Detached, Garage
Location
- Area: Calumet City
- County: Cook
- Township: Thornton
- Driving Directions: Sibley to Madison Madison to 391
School Information
- School District: 130
- Elem School District: 130
- Midd School District: 130
- High School District: 130
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 120
Financial Considerations
- Tax Amount: $14,295
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 29121190060000
Listed by My Turn Realty & Co
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Price & Sales History for 391 Madison
Date
Details
Price
Change
Source
7/19/2026
Listed
$324,500
85.43%
MLS
7/16/2010
Sold
$175,000
—
Public Record
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 391 Madison
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,917
11%
$24,000
32%
2022
$11,657
6%
$18,147
—
2021
$11,047
8%
$18,147
—
2020
$10,226
18%
$18,147
20%
2019
$8,656
—
$15,156
—
2018
$8,616
4%
$15,156
—
2017
$8,301
-23%
$15,156
-18%
2016
$10,727
3%
$18,577
—
2015
$10,395
2%
$18,577
—
2014
$10,151
12%
$18,577
4%
2013
$9,067
5%
$17,896
—
2012
$8,662
—
$17,896
—
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 391 Madison
391 Madison, Calumet City, IL 60409 (MLS# 12709490) is a Multi-Family property with 2 units containing 8 bedrooms and 0 full bathrooms. 391 Madison is currently listed for $324,500 and was received on July 19, 2026. Want to learn more about 391 Madison? Do you have questions about finding other Multi-Family 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.
