559 Wentworth Avenue, Calumet City, IL 60409 - Photo 1

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$3,000,000 Just Listed

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Active
Commercial
Updated 4 days ago

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Property Description

CURRENT 9 CAP RATE - Pleased to present the opportunity to purchase the multi-family investment property located at 551-559 & 561 Wentworth Avenue in Calumet City, Illinois. The Property includes three (3), 3-story, multi-family buildings, containing thirty-six (36) rental units. The unit matrix includes thirty-three (33), 1-Bedroom/1-Bathroom units and three (3), Studio units. About half of the units have been recently renovated, and they property is fully stabilized with full occupancy. Property current taxes are locked in for $65,000 per year through the Affordable Housing Special Assessment Program giving clear site to maintained great cash flow for the future. The property is located in Calumet City, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to Interstates 90, 94, 294, 80 and 57 as well as US Routes 20, 41 and 6. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.

Full Property Details

Full Property Details for 559 Wentworth Ave

General

Price: $3,000,000
HOA FEE: $18,500
Taxes: $62,653 (2024)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12547131
Updated: 1/14/2026
Added to Site: 4 day(s) ago

Location

Area: Calumet City
County: Cook
Township: Thornton
Driving Directions: Exit Sibley East Bound from I94, left on wentworth property is on the right.

Heating & Cooling

Heating Type: Gas, Radiators, Baseboard, Radiant

Utilities

Trash: 3500

Structural Information

Stories/Levels: 3
Year Built: 1968
Built Before 1978: Yes

Lot Features

Lot Size (Acres): 0.52
Lot Dimensions: 200 x 125

Financial Considerations

Maint. Fee: $18,500
Insurance Fee: $27,000
Operating Expenses: $183,252
Other Fee: $2,500
Assessment Year: 1968
Tax Amount: $62,653
Tax Year: 2024
Pays Electric: 2750
Pays Trash: 3500

Disclosures and Reports

Property ID: 30084050360000

Listed by Horvath & Tremblay IL, LLC

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— 559 Wentworth Ave —

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Schools

Schools serving 559 Wentworth Ave

School Districts:Calumet City School District 155, Thornton Fractional Township High School District 215

Name	Grades	Distance
Wilson Elementary School, Calumet City, IL 560 Wentworth Avenue, Calumet City, IL 60409	PK-2	0.1 mi
Wentworth Intermediate School 530 Superior Avenue, Calumet City, IL 60409	3-5	0.8 mi
Wentworth Jr High School 560 Superior Avenue, Calumet City, IL 60409	6-8	0.8 mi
Thornton Fractional North High School 755 Pulaski Road, Calumet City, IL 60409	9-12	0.8 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 559 Wentworth Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/14/2026

Listed

$3,000,000

62.16%

MLS

12/13/2023

Sold

$1,850,000

—

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 559 Wentworth Ave

Year

Property Taxes

Change

Tax Assessment

Change

2023

$81,225

-9%

$126,070

14%

2022

$89,176

$110,636

—

2021

$85,782

$110,636

—

2020

$80,426

17%

$110,636

23%

2019

$68,636

38%

$89,829

35%

2018

$49,775

-23%

$66,509

-26%

2017

$64,925

$89,772

-7%

2016

$63,673

$96,117

—

2015

$62,551

-5%

$96,119

2014

$65,690

33%

$92,693

2013

$49,246

-12%

$85,052

-17%

2012

$55,876

—

$102,522

—

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 559 Wentworth Ave

559 Wentworth Avenue, Calumet City, IL 60409 (MLS# 12547131) is a Commercial property. 559 Wentworth Avenue is currently listed for $3,000,000 and was received on January 14, 2026. Want to learn more about 559 Wentworth 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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559 Wentworth Ave Calumet City, IL 60409