This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/9
$400,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/9
Property Description
Turnkey investment opportunity! This well-maintained six-unit multifamily property offers an excellent opportunity to add a solid income-producing asset to your portfolio. The building consists of five spacious two-bedroom, one-bath apartments that are currently tenant occupied and producing immediate rental income, along with one one-bedroom, one-bath unit currently utilized for owner occupancy. This unique setup provides an outstanding opportunity for an owner-occupant to offset living expenses with rental income or for an investor to maximize income by leasing the sixth unit. Recent capital improvements, including a newer roof, front windows, furnaces, and water heater, help minimize future maintenance expenses and enhance long-term value. A rear parking area provides convenient off-street parking for tenants. Ideally located in Calumet City with easy access to major expressways, public transportation, shopping, dining, parks, schools, and nearby Indiana, this property offers a desirable location for tenants and investors alike. Convenient access to I-94 and I-80 makes commuting throughout the south suburbs and into downtown Chicago simple and efficient. Whether you're looking to expand your investment portfolio or live on-site while generating substantial rental income, this well-maintained six-flat is an outstanding opportunity. Please allow a minimum of 24 hours' notice for all showings due to tenant occupancy.
Full Property Details
Full Property Details for 83 Paxton Ave
General
- Price: $400,000
- HOA FEE: $300
- Taxes: $20,588 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12722883
Location
- Area: Calumet City
- County: Cook
- Township: Thornton
- Driving Directions: Take Torrence East to Paxton 3rd building down
Heating & Cooling
- Heating Type: Central Building Heat, Gas
Utilities
- Trash: 170
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 6,237
- Year Built: 1972
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,500
- Lot Dimensions: 40' x 128'
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $300
- Insurance Fee: $560
- Operating Expenses: $2,000
- Other Fee: $525
- Assessment Year: 1972
- Tax Amount: $20,588.35
- Tax Year: 2024
- Pays Electric: 50
- Pays Trash: 170
Disclosures and Reports
- Property ID: 29014180390000
Listed by Legacy Properties, A Sarah Leonard Company, LLC
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 83 Paxton Ave
School Districts:Dolton School District 149, Thornton Township High School District 205
| Name | Grades | Distance |
|---|---|---|
Caroline Sibley Elementary School 1550 Sibley Boulevard, Calumet City, IL 60409 | K-6 | 0.7 mi |
School Of Fine Arts 1650 Pulaski Road, Calumet City, IL 60409 | 6-8 | 1.2 mi |
Creative Communications Academy 1650 Pulaski Road, Calumet City, IL 60409 | 6-8 | 1.2 mi |
S T E M Academy 1650 Pulaski Road, Calumet City, IL 60409 | 6-8 | 1.2 mi |
Thornridge High School 15000 Cottage Grove Avenue, Dolton, IL 60419 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 83 Paxton Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$18,621
—
$29,820
—
2023
$18,621
-4%
$29,819
22%
2022
$19,309
6%
$24,393
—
2021
$18,187
-2%
$24,393
-11%
2020
$18,590
-4%
$27,350
4%
2019
$19,372
—
$26,243
—
2018
$19,291
4%
$26,243
—
2017
$18,491
19%
$26,243
13%
2016
$15,474
2%
$23,195
—
2015
$15,113
3%
$23,195
—
2014
$14,708
-4%
$23,195
-10%
2013
$15,285
6%
$25,737
—
2012
$14,475
—
$25,737
—
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 83 Paxton Ave
83 Paxton Avenue, Calumet City, IL 60409 (MLS# 12722883) is a Commercial property. 83 Paxton Avenue is currently listed for $400,000 and was received on August 06, 2026. Want to learn more about 83 Paxton 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.

