102-108 Memorial Drive

Conveniently located in the heart of Calumet City, 102 Memorial offers easy access to shopping, dining, and everyday conveniences. Residents enjoy a walkable neighborhood with nearby retail centers, grocery stores, parks, and healthcare facilities, while major highways including I-94, I-90, and I-294 provide an easy commute to downtown Chicago and Northwest Indiana. Outdoor enthusiasts can explore nearby Green Lake Woods, Sand Ridge Nature Center, and the Burnham Greenway Trail, offering opportunities for recreation and relaxation.102–108 Memorial Drive is a well-maintained 22-unit multifamily property located in Calumet City, Illinois. The property consists of twenty-two (22) one-bedroom, one-bathroom apartments, offering an affordable workforce housing asset that benefits from consistent rental demand and historically low vacancy. Most apartment interiors have been updated with durable luxury vinyl plank (LVP) flooring, fresh paint, renovated kitchens and bathrooms, modern light fixtures, and updated appliances. These improvements have positioned the property to attract and retain quality tenants while minimizing near-term capital expenditure requirements. Investors also have the opportunity to increase revenue through future rent growth as units continue to turn over. Tenants are responsible for electricity costs, while ownership provides heat through a high-efficiency Weil-McLain boiler installed in 2025. The recent boiler replacement represents a significant capital improvement that should improve operating efficiency and reduce future maintenance costs. Situated minutes from the Indiana state line, the property provides convenient access to the employment centers of Northwest Indiana and the south suburban Chicago market via Interstate 94 and other major transportation corridors. 102–108 Memorial Drive presents investors with the opportunity to acquire a well-maintained workforce housing asset featuring a desirable one-bedroom unit mix, recent capital improvements, stable occupancy, and the potential for continued revenue growth through future rent increases.