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$65,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • 2 Car Garage
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***THIS BUILDING MUST BE CONVERTED TO A SINGLE FAMILY PER SOUTH SUBURBAN LAND BANK RULES*** For sale is a all brick two flat building featuring four total bedrooms, two bathrooms, and a full basement. Needs full rehab and conversion to a single family.

Full Property Details for 506 157th St

General

  • Price: $65,000
  • Taxes: $7,190 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12554345
  • Updated: 1/31/2026
  • Added to Site: 26 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Yes, Detached, Garage

Location

  • Area: Calumet City
  • County: Cook
  • Township: Thornton
  • Driving Directions: BURNHAM TO 157TH EAST TO PROPERTY

School Information

  • School District: 156
  • Elem School District: 156
  • Midd School District: 156
  • High School District: 215

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Architectural Info: Brownstone
  • Architectural Style: Brownstone
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Roof: Tar/Gravel
  • Year Built: 1923
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 37 x 123
  • Zoning: MULTI

Financial Considerations

  • Insurance Fee: $576
  • Assessment Year: 1923
  • Tax Amount: $7,190
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 30171200420000

Listed by Intellectual Real Estate Services and Investments

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— 506 157th St —

  • Intellectual Real Estate Services and Investments

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Schools serving 506 157th St

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-80.1 mi
Thornton Fractional North High School
755 Pulaski Road, Calumet City, IL 60409
9-120.4 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 506 157th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/25/2026
Listed
$65,000
-67.17%
MLS
11/22/2006
Sold
$198,000
—
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 506 157th St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,190
-7%
$13,000
21%
2022
$7,748
-2%
$10,702
—
2021
$7,906
7%
$10,702
—
2020
$7,373
-20%
$10,702
-17%
2019
$9,273
1%
$12,825
—
2018
$9,139
4%
$12,825
—
2017
$8,806
9%
$12,825
3%
2016
$8,051
4%
$12,450
—
2015
$7,771
—
$12,450
—
2014
$7,764
2%
$12,450
-8%
2013
$7,646
5%
$13,499
—
2012
$7,251
—
$13,499
—
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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Listed by Intellectual Real Estate Services and Investments

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506 157th Street, Calumet City, IL 60409 (MLS# 12554345) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 506 157th Street is currently listed for $65,000 and was received on January 25, 2026. Want to learn more about 506 157th Street? 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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