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$50,000 Just Listed
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Property Description
Welcome to 503 Webb St a prime opportunity for both savvy investors and future homeowners. This property is part of the South Suburban Land Bank program, offering a unique chance to acquire and transform a home with strong upside potential. Featuring a solid structure and functional layout, this home is ready for your vision. Whether you're an investor looking for your next rehab project or an owner occupant ready to create your dream home, the possibilities here are endless. With the right updates, this property can be brought back to life and customized to fit your goals. Located on a quiet residential street, the home is conveniently positioned near shopping, dining, schools, and major expressways, making it attractive for future resale or long-term living. Take advantage of this value-add opportunity through the South Suburban Land Bank and turn potential into profit or your perfect home.
Full Property Details
Full Property Details for 503 Webb St
General
- Price: $50,000
- Taxes: $2,520 (2023)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12577959
- Updated: 2/27/2026
- Added to Site: 2 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: Calumet City
- County: Cook
- Township: Thornton
- Driving Directions: From 159th Street turn left onto Burnham Avenue. Turn right onto Webb Street and continue until you reach 503 Webb Street, which will be on your left.
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
- High School: Thornton Fractnl No High School
- Private School: Thornton Fractnl No High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Square Feet: 1,093
- Sq. Ft. Source: Assessor
- Year Built: 1945
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 1093
Financial Considerations
- Assessment Year: 1945
- Tax Amount: $2,520
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 30171280150000
Listed by EXIT Strategy Realty
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Schools
Schools serving 503 Webb St
School Districts:Lincoln Elementary School District 156, Thornton Fractional Township High School District 215
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Calumet City, IL 410 157th Street, Calumet City, IL 60409 | PK-8 | 0.2 mi |
Thornton Fractional North High School 755 Pulaski Road, Calumet City, IL 60409 | 9-12 | 0.5 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 503 Webb St
Date
Details
Price
Change
Source
2/26/2026
Listed
$50,000
—
MLS
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 503 Webb St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,520
-5%
$7,872
11%
2022
$2,639
-4%
$7,066
—
2021
$2,760
1%
$7,066
—
2020
$2,731
32%
$7,066
12%
2019
$2,067
2%
$6,288
—
2018
$2,033
42%
$6,288
—
2017
$1,431
-45%
$6,288
-4%
2016
$2,601
7%
$6,520
—
2015
$2,432
-1%
$6,520
—
2014
$2,464
-9%
$6,520
-12%
2013
$2,722
3%
$7,435
—
2012
$2,654
—
$7,435
—
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 503 Webb St
503 Webb Street, Calumet City, IL 60409 (MLS# 12577959) is a Single Family property with 2 bedrooms and 1 full bathroom. 503 Webb Street is currently listed for $50,000 and was received on February 26, 2026. Want to learn more about 503 Webb Street? Do you have questions about finding other Single 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.

