11 157th Street, Calumet City, IL 60409

Building Details

Year Built

1911

Listing office Keller Williams Chicago ONEChicago t***@kw.com Show Phone

Listing date Jun 9, 2026

Source Realnex

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Overview

This offering presents a 7-unit multifamily property with one 2-bedroom, 1-bath unit and six 1-bedroom, 1-bath units, totaling approximately 5,000 square feet. Recent ownership upgrades include roof repairs and unit renovations, which address near-term ownership concerns while supporting current rental operations.

The property is located at 11 157th Street in Calumet City, Illinois. The current gross revenue is approximately $70,800 annually, with pro forma gross revenue projected at approximately $90,000 annually, reflecting a revenue-focused operating outlook.

For buyers and investors seeking a small residential income asset, the unit mix provides flexibility for tenant demand across one- and two-bedroom households. The current estimated net operating income is $37,107, with pro forma NOI projected to increase to approximately $54,265 after accounting for vacancy and operating expenses. Reported metrics include an estimated 9.28% current cap rate and 13.57% pro forma cap rate, alongside a gross rent multiplier of approximately 5.65 currently, improving to approximately 4.44 on a pro forma basis.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Calumet City

County

Cook

State

Illinois

Longitude

-87.5263518

Latitude

41.6100609

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FAQs

What type of property is this?

Apartment building - Seven-unit building with recent roof repairs and unit renovations, offering a mix of 1- and 2-bedroom residences for investors.

Where is this apartment building located?

The property is located at 11 157th Street Calumet City, IL.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: 7‑unit multifamily property with a mix of one 2‑bed/1‑bath unit and six 1‑bed/1‑bath units totaling approx. 5,000 SF (built 1911).; List price $400,000: approx. $57,143 per unit and $80 per SF.; Avg gross monthly rent approx. $843 per unit; current gross revenue approx. $70,800 annually with pro forma approx. $90,000.