358 Yates Avenue Calumet City, IL 60409
Seven-unit multifamily with six 2-bedroom and one 3-bedroom unit, offered for value-add renovation and stabilization.
- Added:
- Jun 27, 2026
- Days on Market:
- 17
- Last Refresh:
- Jul 13 at 1:53 am
Property Features for 358 Yates Avenue
General Information
- Standard status
- Active
- Property subtype
- Multi Family 5+ / Multi Family 5+-Other
Building Details
- Year Built
- 1967
Listing office Keller Williams ONEChicago (773) 575-6082
Listing date Jun 27, 2026
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams ONEChicago
Investment Insights
Based on property information with market context.
As presented in the pro forma, total gross scheduled income is based on 2-bedroom units reaching $1,525 per month and the 3-bedroom unit reaching $1,800 per month, with a 5% vacancy factor applied to estimate effective gross income. Total operating expenses, including property taxes, are estimated at $65,270.20, producing a stabilized pro forma net operating income of $59,559.80.
A renovation budget of $105,000 is estimated to support the stabilization strategy. On the provided stabilized assumptions, the property’s projected financial metrics reflect the current value-add nature of the asset and the execution of lease-up and stabilization.
Key Highlights
- 7‑unit multifamily in Calumet City, IL (built 1967): six 2‑bed/1‑bath units and one 3‑bed/1‑bath unit
- Stabilized pro forma gross scheduled income of $131,400/year; effective gross income projected at $124,830/year after a 5% vacancy factor
- Projected stabilized NOI of $59,559.80/year on estimated operating expenses of $65,270.20 (including property taxes)
