1025 Vermont StChicago, IL 60827

Property Details for 1025 Vermont St

Year built

1969

Property type

Apartment buildings

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.6617

Longitude

-87.6426

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