For Sale
$5,950,000

1025 Vermont St Chicago, IL 60827

60-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional multifamily investment opportunity presents a rare chance to acquire a well-maintained 60-unit apartment building located at 1025-41 W Vermont St, Calumet Park, IL 60827, Cook County. The property, a Class B building constructed in 1969, consists of two side-by-side, three-story yellow brick buildings, each containing 30 units. All units boast balconies and convenient off-street parking. The property is zoned MF (Multifamily) and sits on a desirable residential street with excellent curb appeal. Currently, the building offers significant upside potential for rental income. The asking price is $5,950,000, representing a 7.00% capitalization rate. This property has been exceptionally well-maintained and offers a strong track record. The seller is relocating, creating this unique opportunity for experienced investors seeking a stable, high-return asset. To receive confidential financial information and schedule a showing, prospective buyers must demonstrate 25% liquidity. This is a truly exceptional opportunity to acquire a well-positioned, income-generating asset in a strong Chicago market. Don't miss this chance to add a valuable property to your portfolio.

Highlights

  • 60-unit multifamily investment opportunity in Calumet Park, IL.
  • Class B building, constructed in 1969, with two 30-unit buildings.
  • All units feature balconies and off-street parking.
  • $5,950,000 asking price, 7.00% cap rate.
  • Well-maintained property with strong rental income potential.

Property Details for 1025 Vermont St

Property type
Apartment buildings
Class
B
Year Built
1969
Stories
3
Units
60

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.6617168
Longitude
-87.6426062

FAQs

What type of property is this?
Apartment building - 60-Unit Apartment Building, High ROI
Where is the apartment building located?
The property is located at 1025 Vermont St Chicago, IL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 60-unit multifamily investment opportunity in Calumet Park, IL.; Class B building, constructed in 1969, with two 30-unit buildings.; All units feature balconies and off-street parking.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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1025 Vermont St
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