16-Unit Apartment
For Sale
$1,200,000
12619 Lincoln St, Calumet Park, IL 60827
Two well-maintained buildings contain a balanced mix of one- and two-bedroom apartments with access to the Chicago metro area.
Property Size13,800 SF
Days on Market150
Property Features for 12619 Lincoln St
General Information
Standard status
Active
Size
13,800 SF
Property subtype
Multifamily
Units
Unit Mix
8 x 1BR/1BA, 8 x 2BR/1BA
Multifamily Units
16
Additional Details
Cap Rate
7.5%
Highway Access
Yes
Amenities
Current / Proforma Cap Rate: 7.50 Percent / 9.18 Percent
Current / Proforma Cash-on-Cash: 8.43 Percent / 15.12 Percent
Below Market Rents:: Nearly $25,000 of Additional Revenue to be Captured
Nearby Access to Highways, Retail, and Employment Hubs
Building Details
Building Size
13,800 SF
Buildings
2
Units
16
Listing Agency:
Chicago Downtown Office
(312) 624-7007
Listed By:
Quentin Benedetto · License #IL: 475.200479
(312) 624-7007
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 5:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago Downtown Office
Investment Insights
Based on property information with market context.
This 16-unit apartment property comprises two buildings at 12619 and 12623 S Lincoln Street. The unit mix includes eight one-bedroom, one-bath apartments and eight two-bedroom, one-bath apartments. Recent property work includes roof and fascia repairs, a boiler replacement, and installation of exit signs, emergency lighting, and smoke detectors throughout the units. The asset is currently occupied and reports a 7.50% cap rate with an 8.43% cash-on-cash return.
The property is in Calumet Park, west of I-57 and near major arterial roads. Its location provides access to the Chicago metro area and south suburbs, with nearby employers and local retail supporting the surrounding residential market.
The property is in Calumet Park, west of I-57 and near major arterial roads. Its location provides access to the Chicago metro area and south suburbs, with nearby employers and local retail supporting the surrounding residential market.
Key Highlights
- 16‑unit multifamily property across 12619 and 12623 S Lincoln Street
- Unit mix includes Eight One‑Bedroom / One‑Bath and Eight Two‑Bedroom / One‑Bath units
- 7.50% cap rate and 8.43% cash‑on‑cash return
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Explore this area
Business Placement
Demographics for 60827, IL
24,936
Population
11,481
Households
2.2
Avg Household Size
34
Median Age
15%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
3,562
Density / Sq Mi
$37,648
Median Household Income
$31,611
Median Earnings
$1,044
Median Rent
$123,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two well-maintained buildings contain a balanced mix of one- and two-bedroom apartments with access to the Chicago metro area.
Where is this apartment building located?
The property is located at 12619 Lincoln St Calumet Park, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 16‑unit multifamily property across 12619 and 12623 S Lincoln Street; Unit mix includes Eight One‑Bedroom / One‑Bath and Eight Two‑Bedroom / One‑Bath units; 7.50% cap rate and 8.43% cash‑on‑cash return
