High-Yield 7-Unit Multifamily Asset in Calumet City, IL 60409 – $400,000

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:

• (1) 2-Bedroom / 1-Bathroom Unit

• (6) 1-Bedroom / 1-Bathroom Units

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:

• Comprehensive roof repairs

• Strategic interior unit renovations

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):

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.