437 Prairie Avenue, Calumet City, IL 60409 - Photo 1

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$750,000 Just Listed

For Sale
Active
Commercial
Updated 7 hours ago

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Property Description

Strong Cap Rate - This is a Beautiful 9 Unit Building in a great area of Calumet City. This an an electric building, tenants are responsible for their heat and in-unit electric. The Landlord pays for water, common electric & garbage. Each unit has a balcony or concrete patio. This building has been very well maintained with little to no capital expenses needed.

Full Property Details

Full Property Details for 437 Prairie Ave

General

Price: $750,000
HOA FEE: $4,500
Taxes: $28,371 (2024)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12583062
Updated: Today (3/4/2026)
Added to Site: Today

Location

Area: Calumet City
County: Cook
Township: Thornton
Driving Directions: East on Sibley, make a left on prairie ave, property is on the right

Heating & Cooling

Heating Type: Electric, Baseboard, Separate per Unit

Utilities

Trash: 2394

Structural Information

Stories/Levels: 3
Year Built: 1971
Built Before 1978: Yes

Lot Features

Lot Size (Acres): 0.22
Lot Dimensions: 125 x 80

Financial Considerations

Maint. Fee: $4,500
Insurance Fee: $6,462
Operating Expenses: $46,348
Other Fee: $1,750
Assessment Year: 1971
Tax Amount: $28,371
Tax Year: 2024
Pays Electric: 1001
Pays Trash: 2394

Disclosures and Reports

Property ID: 29121260030000

Listed by Horvath & Tremblay IL, LLC

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— 437 Prairie Ave —

Horvath & Tremblay IL, LLC

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Schools

Schools serving 437 Prairie Ave

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

Name	Grades	Distance
Caroline Sibley Elementary School 1550 Sibley Boulevard, Calumet City, IL 60409	K-6	0.7 mi
School Of Fine Arts 1650 Pulaski Road, Calumet City, IL 60409	6-8	0.7 mi
Creative Communications Academy 1650 Pulaski Road, Calumet City, IL 60409	6-8	0.7 mi
S T E M Academy 1650 Pulaski Road, Calumet City, IL 60409	6-8	0.7 mi
Thornwood High School 17101 South Park Avenue, South Holland, IL 60473	9-12	3.2 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 437 Prairie Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/04/2026

Listed

$750,000

57.89%

MLS

9/28/2018

Sold

$475,000

—

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 437 Prairie Ave

Year

Property Taxes

Change

Tax Assessment

Change

2023

$12,805

-21%

$20,506

—

2022

$16,218

$20,488

—

2021

$15,276

10%

$20,488

—

2020

$13,926

-5%

$20,488

2019

$14,661

—

$19,861

—

2018

$14,600

$19,861

—

2017

$13,994

29%

$19,861

22%

2016

$10,848

$16,261

—

2015

$10,595

$16,261

—

2014

$10,311

-5%

$16,261

-11%

2013

$10,850

-24%

$18,269

-28%

2012

$14,360

—

$25,533

—

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 437 Prairie Ave

437 Prairie Avenue, Calumet City, IL 60409 (MLS# 12583062) is a Commercial property. 437 Prairie Avenue is currently listed for $750,000 and was received on March 04, 2026. Want to learn more about 437 Prairie Avenue? 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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437 Prairie Ave Calumet City, IL 60409