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12500-12510 S Lincoln St Calumet Park, IL 60827

For Sale
$2,100,000

Two-building, 32-unit multifamily property in Calumet Park, Illinois.

Property size:
21,300 SF

Property Features for 12500-12510 S Lincoln St

General Information

Size
21,300 SF

Source: Joe Connelly Agent Joe Connelly

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


Overview

32-Unit Multifamily Investment Opportunity

This multifamily investment opportunity features two buildings with a total of 32 units, located in the Calumet Park neighborhood of the Chicago South Suburbs. The unit mix consists of 16 studios and 16 one-bedroom, one-bath apartments. The property has undergone major capital improvements, including recently renovated units with modern kitchens and bathrooms. Additional 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 the majority of the portfolio. The property at 12500-12510 S Lincoln St offers investors the opportunity to acquire well-maintained, cash-flowing assets with the potential for rental increases. The property is located in Calumet Park, Illinois.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
-87.668628
Latitude
41.6662928

FAQs

What type of property is this?
Apartment building - Two-building, 32-unit multifamily property in Calumet Park, Illinois.
Where is this apartment building located?
The property is located at 12500-12510 S Lincoln St Calumet Park, IL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - Strong cash-flowing asset with 10%-15% rental upside.; - Majority of units feature recently renovated modern kitchens and bathrooms.; - Well-maintained buildings with newer roofs, newer windows, and updated tuckpointing.
More about this property
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