What is the asking price for 1049 - 1025 W Vermont St?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at 1049 - 1025 W Vermont St?

This property is listed as Multi-Tenant.

What is the total size of 1049 - 1025 W Vermont St?

The property has a total square footage of 60,459 SF.

How many parking spaces are available at 1049 - 1025 W Vermont St?

Parking information for the property isn't currently listed. However, other nearby parking options include Kensington / 115th Street Station Parking Lot, located 2.51 miles away , and Blue Island Park & Ride, which is 2.63 miles away.

1049 West Vermont Street, Calumet Park, IL 60827

For Sale $5,880,000
Property Type Multi-Family
Lot Size 44,957 SF
# of Floors 3
Property Tenancy Multi-Tenant
Building Class C
Date Updated Jun 27, 2026

Description

Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago is pleased to present the exclusive offering of Vermont Street Apartments, a 60-unit multifamily community located at 1025–1049 W. Vermont St, Calumet Park, IL 60827. Thisinvestment opportunity consists of 3 contiguous, 20-unit yellow brick flexicore buildings totaling 60,459 SF and offering a desirable unitmix, 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 communityfeatures a well-maintained exterior with excellent curb appeal in a quiet residential neighborhood, supported by recent capitalimprovements 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: $469,137 | Pro Forma NOI: $564,895
List Price: $5,880,000 ($98,000 per unit | $97.26 per SF)
Current Cap Rate: 7.98% | Pro Forma Cap Rate: 9.61%
Current GRM: 7.01 | Pro Forma GRM: 6.28
Occupancy: 98% (1 available unit out of 60)

Vermont Street Apartments 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.