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$35,000 Just Listed
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Property Description
This is an excellent opportunity to own a property in Calumet City. The building is in need of repairs & must be converted into a single family home. The building is located near schools, parks, retail, and public transportation. NO TERMITE OR SURVEY.PROPERTY SOLD "AS-IS". PROOF OF FUNDS MUST ACCOMPANY OFFER. (PLEASE READ CAREFULLY TO ENSURE A SUCCESSFUL SUBMISSION OF YOUR OFFER: The property must be marketed for 10 days in the MLS before offers will be reviewed. During this time you should schedule a showing and then submit your offer if interested. Offers received during the 10 day marketing period will be sent in first for evaluation and selection therefore, your offer should reflect your highest and best. All offers MUST be submitted using the following: 1) A specifically modified 8.0 sales contract & SSLBDA addendum 2) The SSLBDA application and scope of work form 3) A proof of funds letter. Please submit these THREE items separately and NOT as one PDF. Failure to provide these THREE files will result in your offer not being submitted for review as you WILL NOT be contacted regarding missing documents. Proof of funds must reflect an amount that is sufficient to cover the purchase of the property AND the projected rehab costs. Additionally, the proof of funds letter must reflect the buyer's name or the name of their business. Screenshots of bank accounts that do not reflect the buyer's name will NOT be accepted. Notification of contract selection can take place within 5 to 7 days AFTER the 10 day marketing period.
Full Property Details
Full Property Details for 506 157th St
General
- Price: $35,000
- Taxes: $8,614 (2025)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12784750
- Updated: 10/13/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, 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
- Elementary School: Lincoln Elementary School
- Middle School: Lincoln Elementary School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Square Feet: 1,824
- Sq. Ft. Source: Assessor
- Year Built: 1923
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 37 x 122
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1923
- Tax Amount: $8,614.57
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 30171200420000
Listed by Listing Leaders Northwest, Inc
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Schools
Schools serving 506 157th 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 | 0.1 mi |
Thornton Fractional North High School 755 Pulaski Road, Calumet City, IL 60409 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 157th St
Date
Details
Price
Change
Source
10/13/2026
Listed
$35,000
-82.32%
MLS
11/22/2006
Sold
$198,000
—
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 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
—
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 506 157th St
506 157th Street, Calumet City, IL 60409 (MLS# 12784750) is a Single Family property with 4 bedrooms and 2 full bathrooms. 506 157th Street is currently listed for $35,000 and was received on October 13, 2026. Want to learn more about 506 157th 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.

