Multifamily Property for Sale in Calumet Park, IL

  • Price: $2M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Calumet Park, IL 60827
  • Size: 20,153 SF
  • Year built: 1969

Description

Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago is pleased to present the exclusive offering of Vermont Street Apartments, a 20-unit apartment community located at 1025–1029 W. Vermont St, Calumet Park, IL 60827. Thisexceptional investment opportunity consists of a 20-unit yellow brick flexicore building totaling 20,153 SF and offering a desirable unitmix, strong in-place income, and significant upside potential. The property offers 23 off-street parking spaces, private balconies for each unit, and convenient on-site laundry facilities. The communityfeatures a well-maintained exterior with excellent curb appeal in a quiet residential neighborhood, supported by recent capitalimprovements including newer roofs, upgraded common areas, and unit renovations with new flooring, appliances, and fixtures. Unit Mix & Rents (7) Two-Bedroom / One-Bath Units – Current Average Rent: $1,304 | Market Average Rent: $1,525 (13) One-Bedroom / One-Bath Units – Current Average Rent: $1,073 | Market Average Rent: $1,275 Financial Highlights Current NOI: $152,803 | Pro Forma NOI: $188,164 List Price: $1,960,000 ($98,000 per unit | $97.26 per SF) Current Cap Rate: 7.80% | Pro Forma Cap Rate: 9.60% Current GRM: 7.08 | Pro Forma GRM: 6.26 Occupancy: 100% Vermont Street Apartments presents investors with a stabilized, cash-flowing asset in a strong rental market, with the added advantageof immediate value-add potential to push rents and increase returns. Building SF: 20153 | Land Size: 15621.0 SF | Year Built: 1969 | Listing Type: FOR SALE

Market Context

This multifamily in Calumet Park, IL is listed for sale at $1,960,000 across 20,153 SF. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1969. It has been on the market for 20 days. Compare it against other multifamily listings for sale in Calumet Park, IL — <a href="/search/sale/multifamily/illinois/calumet-park">view the full market</a>.

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