Listing Summary
Multifamily Property For Sale in Calumet City, IL | High-Yield Investment Opportunity
Full Description
Value-add investors will find an exceptional turnkey opportunity at 11 E 157th St, a 7-unit multifamily property for sale in Calumet City, Illinois. Priced at an attractive $57,143 per unit ($80/SF), this South Suburban Chicago apartment building delivers strong in-place cash flow with substantial pro forma upside.
Property Breakdown & Unit Mix
Spanning approximately 5,000 square feet, this stable multi-unit commercial property consists of a high-demand rental mix:
With an average gross monthly rent of $843 per unit, the asset generates an immediate, reliable income stream in a resilient rental market.
Recent Capital Improvements
The current ownership has completed significant property upgrades, lowering immediate capex requirements for the buyer. Recent renovations include:
These capital improvements support strong tenant retention, maximize current rental performance, and significantly reduce near-term maintenance concerns.
Financial Summary & Investment Metrics
This South Suburban multifamily investment stands out for its high-yield metrics and low Gross Rent Multiplier (GRM):
| Metric |
Current In-Place |
Pro Forma Projected |
| Gross Annual Revenue |
$70,800 |
$90,000 |
| Net Operating Income (NOI) |
$37,107 |
$54,265 |
| Cap Rate |
9.28% |
13.57% |
| Gross Rent Multiplier (GRM) |
5.65 |
4.44 |
The Investment Thesis
Whether you are expanding your portfolio or looking for a strong entry into the Illinois commercial real estate market, 11 E 157th St offers an ideal combination of low cost-per-unit, strong current capitalization rates, and clear upside through strategic rental growth and ancillary income.
Quick Glance
- Listing ID:
CL-Illinois-27975
- Status:
Active
- Year Build:
1911
- Building Size:
5,000 SqFt
- Lot Size:
0 Acr