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12500-12510 W 127Th St Calumet Park, IL 60827

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For Sale
$3,600,000

52-unit multifamily portfolio in Calumet Park, Illinois.

Property size:
35,700 SF

Property Features for 12500-12510 W 127Th St

General Information

Size
35,700 SF

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Listing Contact
Joe Connelly
Joe Connelly
Source: Svnchicago

Listing Agent: Joe Connelly

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Calumet Park Multifamily Investment Opportunity

This multifamily investment opportunity features a portfolio of four buildings totaling 52 units, situated in the Calumet Park neighborhood of Chicago's South Suburbs. The unit mix includes sixteen studios, twenty-eight one-bedroom, one-bathroom apartments, and eight two-bedroom, one-bathroom apartments. Many of the units have been recently renovated with modern kitchens and bathrooms. Capital improvements include newer roofs, newer windows, and updated tuckpointing. The mechanical systems feature separately metered electrical service, newer gas meters, and boiler systems with electrical baseboard heat. Ample parking spaces are available for most of the portfolio. The properties are located in Calumet Park, Illinois. The in-place rents are 10%-15% below market value. The portfolio can be purchased in its entirety, or individual acquisitions can be made at 12500-12510 S. Lincoln Street, 1200 W. 127th Street, and 1234 W. 127th Street.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Calumet Park
County
Cook
State
Illinois
Longitude
-87.7674946
Latitude
41.6615585

FAQs

What type of property is this?
Apartment building - 52-unit multifamily portfolio in Calumet Park, Illinois.
Where is this apartment building located?
The property is located at 12500-12510 W 127Th St Calumet Park, IL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: - Recently renovated units with **modern kitchens and bathrooms.**; - Desirable unit mix of studios, 1-bed, and 2-bed apartments.; - Newer roofs, newer windows, and updated tuckpointing.
More about this property
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