7-Unit Multifamily Investment Opportunity – 358 Yates Ave, Calumet City, IL 60409 – $300,000

7-Unit Multifamily Investment Opportunity – 358 Yates Ave, Calumet City, IL 60409 – $300,000 is a multifamily for sale in Calumet City, Illinois, listed at $300,000. Key details: building class Class C, property status Normal Sale, building status Existing. Listed by Tony Hardy of Keller Williams ONEChicago on LoopingCloud and last updated July 9, 2026.

Key facts

Building Class

Class C

Property Status

Normal Sale

Building Status

Existing

Pricing details

Net Operating Income

$59,560

Financing

Third Party Financing

Investment Property

Active investment property

Acquisition options

Highlights

• Unit mix includes six 2-bedroom/1-bathroom units and one 3-bedroom/1-bathroom unit.
• The investment strategy centers on acquiring the property below its stabilized market value and unlocking additional value through strategic renovations, operational improvements, and proactive asset management.
• Upon completion of renovations and full stabilization, the property is projected to achieve a 14.71% yield on cost. This investment offers substantial value-add potential through strategic unit renovations, increased occupancy, rental optimization, and en

About this area - Calumet City

Population

39,065

Housing units

15,960

Land area

6.9 sq mi

County

Cook

Listing ID

CL-Illinois-27974

Published

Jul 7, 2026

Last updated

Jul 9, 2026

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