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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

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    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.
    (630) 550-1515
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    12500-12510 S Lincoln St Calumet Park, IL 60827
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12500-12510 S Lincoln St Calumet Park, IL 60827
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