1049 - 1025 W Vermont St

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.