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    1025 Vermont St Chicago, IL 60827

    Sponsored
    For Sale
    $5,950,000

    60-Unit Apartment Building, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional multifamily investment opportunity presents a rare chance to acquire a well-maintained 60-unit apartment building located at 1025-41 W Vermont St, Calumet Park, IL 60827, Cook County. The property, a Class B building constructed in 1969, consists of two side-by-side, three-story yellow brick buildings, each containing 30 units. All units boast balconies and convenient off-street parking. The property is zoned MF (Multifamily) and sits on a desirable residential street with excellent curb appeal. Currently, the building offers significant upside potential for rental income. The asking price is $5,950,000, representing a 7.00% capitalization rate. This property has been exceptionally well-maintained and offers a strong track record. The seller is relocating, creating this unique opportunity for experienced investors seeking a stable, high-return asset. To receive confidential financial information and schedule a showing, prospective buyers must demonstrate 25% liquidity. This is a truly exceptional opportunity to acquire a well-positioned, income-generating asset in a strong Chicago market. Don't miss this chance to add a valuable property to your portfolio.

    Property Features for 1025 Vermont St

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built
    1969
    Stories
    3
    Units
    60

    HighLights

    • 60‑unit multifamily investment opportunity in Calumet Park, IL.
    • Class B building, constructed in 1969, with two 30‑unit buildings.
    • All units feature balconies and off‑street parking.
    • $5,950,000 asking price, 7.00% cap rate.
    • Well‑maintained property with strong rental income potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6426062
    Latitude
    41.6617168

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    FAQs

    What type of property is this?
    Multifamily property - 60-Unit Apartment Building, High ROI
    Where is this multifamily property located?
    The property is located at 1025 Vermont St Chicago, IL.
    What is the asking price?
    The asking price for this property is $5,950,000.
    What are key features of this property?
    This property features: 60-unit multifamily investment opportunity in Calumet Park, IL.; Class B building, constructed in 1969, with two 30-unit buildings.; All units feature balconies and off-street parking.
    Request Owner's contact information
    1025 Vermont St Chicago, 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
    1025 Vermont St Chicago, IL 60827
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