Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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.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.
  1. Listed by Tytus Cousins • Intellectual Real Estate Services and Investments
    P: (312)-218-7130 scottfree727@yahoo.com;scottfree727@yahoo.com

Property Details for 506 157th Street

Area
Calumet City
Township
Thornton
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
Brownstone
Zoning
MULTI
LISTING UPDATED: 01/31/2026 12:07 AM

Property Details for 506 157th Street

StatusActive
MLS #12554345
Days on Market29
Taxes$7,190 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1923
Lot Size0.10 AC / 4,551 SF
CountyCook County

Location

Listing Courtesy of Intellectual Real Estate Services and Investments
Add your commute

Building Information for 506 157th Street

Stories-Residences2Year Built1923Building Size-Lot Size0.10 AC / 4,551 SF

Payment Calculator

$916 per month

30 year fixed, 6.15% Interest

Principal and Interest

$317

Property Taxes

$599

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 506 157th Street

General Information
School Information
  • Elementary School District: 156
  • High School District: 215
  • Middle Or Junior School District: 156
Addtl Parking Information
  • Parking Details: Yes, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 4
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Room Type: Enclosed Porch
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 37X123
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Construction: Brick
  • Roof Type: Tar/Gravel
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 18
  • East Coordinate: 4
  • West Coordinate: 0
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2026-01-25T10:22:32
  • Photos Count: 10
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Insurance Expense: $576.00
Unit 1
  • Unit Type Actual Rent: $875.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: N/A
Unit 2
  • Unit Type Actual Rent: $875.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0

Property History for 506 157th Street

DateEvent & SourcePriceAppreciation
Jan 25, 2026

Listed (Active)

MRED #12554345

$65,000
Nov 30, 2009

Expired

MRED #07064805

$149,000
Nov 3, 2008

Cancelled

MRED #06756171

$163,900
Nov 3, 2008

Listed (Active)

MRED #07064805

$159,900
Dec 20, 2007

Listed (Active)

MRED #06756171

$259,900
DateEvent & SourcePrice
01/25/2026

Listed (Active)

MRED #12554345

$65,000
11/30/2009

Expired

MRED #07064805

$149,000
11/03/2008

Cancelled

MRED #06756171

$163,900
11/03/2008

Listed (Active)

MRED #07064805

$159,900
12/20/2007

Listed (Active)

MRED #06756171

$259,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 506 157th Street

This home is within Lincoln Esd 156 School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicPK to 8

Thornton Fractional North High School
Public9 to 12

Center for Alternative Learning
Public9 to 12

Center for Academics and Technology
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

506 157th Street is a multi-family home for sale in Calumet City, IL 60409. This property was listed for sale on January 25, 2026 by Intellectual Real Estate Services and Investments, it's currently listed at $65,000. This listing's school districts are Lincoln Esd 156 School District, Thornton Fractional Twp Hsd 215 School District. Nearby schools include Lincoln Elementary School, Thornton Fractional North High School and Center for Alternative Learning. 506 157th Street is a 4-bed, 2-bath, multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Intellectual Real Estate Services and Investments

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/31/2026 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.