Courtesy: Keller Williams ONEChicago
312-216-2422
358 Yates Ave is being offered at $300,000, presenting investors with a value-add multifamily opportunity in Calumet City, Illinois. The 7-unit property is currently positioned for repositioning due to available units, limited dependable in-place income, and the need for targeted capital improvements to achieve stabilization. The property consists of six 2-bedroom / 1-bathroom units and one 3-bedroom / 1-bathroom unit. The stabilized pro forma assumes the 2-bedroom units achieve market rents of $1,525 per month and the 3-bedroom unit achieves $1,800 per month, resulting in total gross scheduled income of $131,400 annually. After applying a 5% vacancy factor, the property is projected to generate effective gross income of $124,830. Total operating expenses, including property taxes, are estimated at $65,270.20, resulting in a stabilized pro forma net operating income of $59,559.80. At the offering price of $300,000, the property is valued at $42,857 per unit. Based on the stabilized pro forma NOI, the property reflects a pro forma cap rate of 19.85%. This elevated return profile reflects the current value-add nature of the asset, including vacancy and collection risk, required renovations, and execution risk associated with lease-up and stabilization. A renovation budget of $105,000, or $15,000 per unit, has been estimated to address turnover, unit repairs, and stabilization needs. Including the offering price and estimated renovation budget, a buyer's projected all-in basis would be $405,000, or $57,857 per unit. Based on the stabilized pro forma NOI of $59,559.80, this equates to a projected yield on cost of 14.71%. From a financing perspective, assuming an 80% loan-to-value acquisition loan, a 6.50% interest rate, a 5-year term, and a 30-year amortization schedule, the estimated loan amount would be $240,000, with an estimated equity requirement of $60,000 at acquisition. Estimated annual debt service would be $18,203.56. After debt service, the property is projected to generate annual net cash flow of $41,356.24. When factoring in the estimated down payment and renovation budget, total cash invested would be $165,000, resulting in a projected cash-on-cash return of 25.06% upon stabilization. At a total projected all-in basis of $405,000, 358 Yates Ave offers investors the opportunity to acquire a 7-unit multifamily asset at an attractive basis with meaningful upside through renovation, lease-up, improved collections, and operational stabilization. The investment thesis is centered on acquiring below stabilized value, executing a targeted renovation program, and driving income growth through market-rate rents and improved property performance.
Courtesy: Sperry Van Ness
312-676-1866
SVN Chicago proudly presents this excellent owner-user opportunity with added value in the form of apartments. This historic building has been a staple of the neighborhood for generations. Currently operating as the Castle Hill Funeral Home, this building is the perfect spot for your new business or expansion. The building has been well maintained over the years, and it is ready for its new operator! Attached to the funeral home is a 6-unit apartment building. All rents are far below market, and the units can use some work. Currently, the landlord collects $2700/month for 5 units, one of them is vacant. Market rents for the area are far above what is being collected. This opportunity is perfect for a funeral home operator who sees added benefit in rental units for extra cash flow. Deals like this don't last long.
Courtesy: Sperry Van Ness
312-676-1866
SVN Chicago proudly presents this excellent owner-user opportunity with added value in the form of apartments. This historic building has been a staple of the neighborhood for generations. Currently operating as the Castle Hill Funeral Home, this building is the perfect spot for your new business or expansion. The building has been well maintained over the years, and it is ready for its new operator! Attached to the funeral home is a 6-unit apartment building. All rents are far below market, and the units can use some work. Currently, the landlord collects $2700/month for 5 units, one of them is vacant. Market rents for the area are far above what is being collected. This opportunity is perfect for a funeral home operator who sees added benefit in rental units for extra cash flow. Deals like this don't last long.
Courtesy: Brookline Real Estate LLC
630-590-5910
Presenting the opportunity to acquire a Dollar General Redevelopment NNN investment positioned in a strong, transit-oriented location in the Chicago suburb of Calumet City. 626 River Oaks Drive contains 12,855 square-feet and is situated on approximately 0.66 acres. Near IL/IN state line at the northwest corner of River Oaks Road and Burnham Avenue, the property benefits greatly from its position next to McDonald's and Dunkin', and a few blocks from River Oaks Mall. The brick construction building has been remarkably-maintained and offers its visitors 38 total parking spots in accessible front and side lots. Multiple entrances on River Oaks Drive and access from Burnham Avenue aid traffic flow and allow the business to operate smoothly. Currently in year three of a ten-year corporate lease, Dollar General has shown stability and continued success at the location. This asset is being offered at a 7.75 CAP rate with tremendous cash flow and continued growth.
Courtesy: Su Familia Real Estate Inc
773-581-9600
Exceptional mixed-use opportunity situated on five oversized lots totaling 14,800 sq. ft., offering outstanding flexibility for a wide range of commercial uses. The main level is thoughtfully designed for business operations and includes a professional reception area, eight private offices, two restrooms, a kitchen or janitorial room, and a large workshop space. The functional layout supports administrative, service-based, light industrial, or professional office use, making it ideal for owner-users or expanding businesses seeking room to grow. The upper level features a residential unit with a spacious bedroom, 1.5 bathrooms, open-concept living and dining area, full kitchen, and in-unit laundry. This space presents an excellent opportunity for additional rental income, live/work convenience, or on-site management. With substantial land size, versatile interior configuration, and income potential, this property is a strategic investment opportunity in Calumet City. Property is being sold AS-IS. Buyer to verify zoning, permitted uses, and to assume any repairs required by the City of Calumet City. The buyer is responsible for verifying zoning and permitted use, and to assume repairs required by Calumet City.
Courtesy: HomeSmart Realty Group
708-320-0002
Prime Investment Opportunity! This fully renovated mixed-use property offers the perfect blend of business potential and rental income. The front unit (Unit 1) is a move-in-ready commercial space that has been newly remodeled with upgraded electrical, plumbing, heating, A/C, and windows. It includes three offices (two measuring 10x11 and one 10x16), a spacious kitchen/breakroom, a welcoming waiting area, and a modernized bathroom. This bright, open space is ideal for various businesses. The rear unit (Unit 2) is a recently updated 2-bedroom, 1-bath apartment, currently rented until the end of September, providing immediate passive income. Additional upgrades include new concrete around the building and three off-street parking spaces in the rear, in addition to the street parking. Situated on a high-traffic street with excellent visibility, this turnkey, income-producing property is perfect for investors, entrepreneurs, or owner-occupants looking to maximize returns. Don't miss out-schedule your showing today!
Courtesy: Bloom/Sanchez Realty, Inc.
773-221-3244
Great investment opportunity this mixed use property has over 1600 square foot of rental space. This property is currently being used as a doctors office on the first floor with waiting room, 2 office spaces , 3 exam rooms, and eating area very spacious and second floor features 4 bedrooms bedrooms, 1 bathroom, kitchen, dining room, full basement with a 2 car garage, Call for your appointments today.
Courtesy: Strauss Realty Ltd
773-736-3600
For Sale - Hard to find 7 acres industrial land with 12,614 SF building and direct access to I-94! Accommodates a wide range of users from storage to service based operators. Former truck transfer/parking facility with 5 exterior truck docks. 16' clear height. 200 industrial trailer stalls. Highly secure, fenced lot. Completely renovated in 2022. New roof. Outside storage permitted. Immediate access to I-94 Dolton Road 4-way interchange. Incentives include STS TIF District, Enterprise Zone, and Opportunity Zone. Price is Subject to Offer.
Calumet City is located in Illinois. Calumet City, Illinois has a population of 36,065. Calumet City is less family-centric than the surrounding county with 17.75% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Calumet City, Illinois is $52,994. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Calumet City is 36.9 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 17.9 degrees. The average rainfall is approximately 38.4 inches per year, with 31.5 inches of snow per year.
