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$285,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 4 Total Beds
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Welcome to this solid brick 4-unit in Calumet City, a true turnkey investment with reliable income from day one. Each unit offers 1 bedroom and 1 bathroom. The building has been well maintained and updated, featuring a fully rehabbed bathroom in Unit #4, fresh paint throughout all units, and new appliances including a stove and fridge in Unit #1 and a new stove in Unit #3. Tenants are responsible for their own utilities, while the owner covers water and refuse, making this a low-maintenance and income-producing property. With long-term tenants already in place and strong rental demand in the area, this 4-unit is a prime opportunity for any investor seeking stability and growth

Full Property Details for 502 154th Pl

General

  • Price: $285,000
  • Taxes: $10,629 (2023)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12449639
  • Updated: 1/30/2026
  • Added to Site: 177 day(s) ago

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 4

Parking

  • Total Spaces: 4
  • Parking Features: Unassigned, Yes

Location

  • Area: Calumet City
  • County: Cook
  • Township: Thornton
  • Driving Directions: Burnham to 154th St; E. to Price; S. to 154th Place; To the address

School Information

  • School District: 156
  • Elem School District: 156
  • Midd School District: 156
  • High School District: 215
  • Elementary School: Lincoln Elementary School
  • Middle School: Lincoln Elementary School

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Year Built: 1971
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 48 x 120

Financial Considerations

  • Assessment Year: 1971
  • Tax Amount: $10,629.05
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 30171000460000

Listed by Keller Williams Preferred Realty

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— 502 154th Pl —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 502 154th Pl

School Districts:Lincoln Elementary School District 156, Thornton Fractional Township High School District 215
NameGradesDistance
Lincoln Elementary School, Calumet City, IL
410 157th Street, Calumet City, IL 60409
PK-80.3 mi
Thornton Fractional North High School
755 Pulaski Road, Calumet City, IL 60409
9-120.3 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 502 154th Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/21/2025
Price Reduced
$285,000
-3.39%
MLS
8/27/2025
Listed
$295,000
85.53%
MLS
10/05/2018
Sold
$159,000
—
Public Record
Get Price Alerts and Save Property
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 for 502 154th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,497
-13%
$9,939
14%
2022
$6,337
-2%
$8,753
—
2021
$6,466
7%
$8,753
—
2020
$6,030
-8%
$8,753
-4%
2019
$6,577
1%
$9,096
—
2018
$6,482
4%
$9,096
—
2017
$6,245
16%
$9,096
9%
2016
$5,396
4%
$8,344
—
2015
$5,208
—
$8,344
—
2014
$5,204
9%
$8,344
-1%
2013
$4,770
-7%
$8,422
-12%
2012
$5,127
—
$9,545
—
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.

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502 154th Place, Calumet City, IL 60409 (MLS# 12449639) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 502 154th Place is currently listed for $285,000 and was received on August 27, 2025. Want to learn more about 502 154th Place? 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.

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