1049 - 1025 W Vermont St — Sale in Calumet Park, IL

  • Price: $5.9M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Calumet Park, IL 60827
  • Size: 60,459 SF

Investment Figures

Cap rate
8.23%
Price per square foot
$97

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago is pleased to present the exclusive offering of Vermont Riverbend Residences, a 60-unit apartment community located at 1025–1049 W. Vermont St, Calumet Park, IL 60827 near the Little Calumet River. This investment opportunity consists of 3 contiguous, 20-unit yellow brick flexicore buildings totaling 60,459 SF and offering a desirable unit mix, strong in-place income, and significant upside potential through a light value-add repositioning strategy. The property offers 68 off-street parking spaces, private balconies for each unit, and convenient on-site laundry facilities. The community features a well-maintained exterior with excellent curb appeal in a quiet residential neighborhood, supported by recent capital improvements including newer roofs, upgraded common areas, and unit renovations with new flooring, appliances, and fixtures. Unit Mix & Rents (20) Two-Bedroom / One-Bath Units – Current Average Rent: $1,316 | Market Average Rent: $1,525 (40) One-Bedroom / One-Bath Units – Current Average Rent: $1,091 | Market Average Rent: $1,275 Financial Highlights Current NOI: $484,137 | Pro Forma NOI: $579,895 List Price: $5,880,000 ($98,000 per unit | $97.26 per SF) Current Cap Rate: 8.23% | Pro Forma Cap Rate: 9.86% Current GRM: 7.01 | Pro Forma GRM: 6.28 Occupancy: 98% (1 available unit out of 60) Vermont Riverbend Residences presents investors with a stabilized, cash-flowing asset in a strong rental market, with the added advantage of immediate light value-add potential to push rents and increase returns without major capex. Building SF: 60459 | Land Size: 44957.0 SF | Listing Type: FOR SALE

Market Context

This multifamily in Calumet Park, IL is listed for sale at $5,880,000 across 60,459 SF. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 52 days. Compare it against other multifamily listings for sale in Calumet Park, IL — view the full market.

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