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    1234 W 127Th St Calumet Park, IL 60827

    For Sale
    $625,000

    Eight-unit multifamily building in Calumet Park with recent renovations.

    Property size:
    7,200 SF

    Property Features for 1234 W 127Th St

    General Information

    Size
    7,200 SF

    Source: Joe Connelly Agent Joe Connelly

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

    Overview

    Calumet Park Multifamily Investment Opportunity

    Located in the Calumet Park neighborhood of Chicago's South Suburbs, 1234 W 127th Street is an 8-unit multifamily building. The property features a unit mix of eight 2-bedroom, 1-bath apartments. The majority of the units have been recently renovated with modern kitchens and bathrooms. Additional capital improvements include newer roofs, newer windows, and updated tuckpointing. The mechanical systems feature separately metered electrical service, newer gas meters, and a boiler system with electrical baseboard heat. The property size is 7,200 square feet. This property presents an opportunity to acquire a well-performing asset in a strong location.
    Property Profile Insight Report 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 Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Calumet Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.6525826
    Latitude
    41.6633073

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily building in Calumet Park with recent renovations.
    Where is this apartment building located?
    The property is located at 1234 W 127Th St Calumet Park, IL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Recently renovated units with **modern kitchens and bathrooms.**; - Desirable unit mix: (8) 2 Bed 1 Bath apartments.; - Newer roofs, newer windows, and updated tuckpointing.
    (630) 550-1515
    Request Owner's contact information
    1234 W 127Th St Calumet Park, IL 60827
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    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
    1234 W 127Th St Calumet Park, IL 60827
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