About This Home

This 9-bedroom, 4-bathroom residential multi family at 657 Freeland Avenue in Calumet City, IL is listed for $285,000. on a 0.14 acres lot.

Key Features

  • 0.14 acre lot
  • 2 parking spaces

Property Details

4 full
2 spaces
Listing Description

Live in one house and rent the other out! Two Single-Family Homes for the Price of One! Fire your landloard today with this rare property featuring two separate single-family homes on a single parcel with only one tax bill. This unique setup offers an incredible turnkey opportunity for new or savvy investors or owner occupants with an immediate income opportunity.

The first home, 657 Freeland, is a spacious 4-bedroom, 2-bathroom house (including one bedroom in the basement) that is currently vacant, easy to show, and previously rented for $2,400 a month. Right next door, 659 Freeland features a 5-bedroom, 2-bathroom layout with an unfinished basement perfect for storage or future value-add potential.

This second home is currently occupied by a tenant on a month-to-month lease generating $2,300 a month, ensuring immediate cash flow from day one. Schedule your private showing of the vacant home today!

Monthly Cost Estimate

$1,524/mo

20% down · 6.5% · 30 years

Principal$206
Interest$1,235
Insurance$83

Estimates only. Actual payments may vary.

Location

657 Freeland Avenue

Calumet City, IL 60409

Property Details

Construction

Brick

Parking

Owned

Heating

Natural Gas

Questions & Answers

This 9-bedroom, 4-bathroom residential multi family at 657 Freeland Avenue is listed at $285,000. The estimated monthly payment is $1,524 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.14 acre lot, 2 parking spaces.

This property is listed by Steve Budzik.

SB

Steve Budzik

Agent at iCandy Realty LLC

Listed by iCandy Realty LLC · Broker phone: (708) 255-0200 · View on Broker Site · Broker website

MLS# 12771520· Source: Midwest Real Estate Data, LLC· 35 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

657 Freeland Avenue, Calumet City, IL 60409

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