1025 W Vermont St — 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

Investment Figures

Cap rate
7.80%
Price per square foot
$97

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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 52 days. Compare it against other multifamily listings for sale in Calumet Park, IL — view the full market.

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