52 Unit Workforce Housing Portfolio For Sale in Calumet Park

1200 W. 127th Street; 1234 W. 127th Street; 12500 S. Lincoln Street; 12510 S. Lincoln Street, Calumet Park, IL 60827

  • For Sale $3,640,000
  • Property Type Multi-Family
  • Property Size 50,000 SF
  • Units 52
  • Lot Size 0.71 Acre
  • Parking Spaces Avail. 32
  • Property Tenancy Multi-Tenant
  • Year Renovated 2020
  • Date Updated Nov 8, 2023
South SuburbanThis 52 Unit Workforce Housing Portfolio is For Sale in Calumet Park. The portfolio comprises 4 buildings within a 0.5 mile of each other. Many updates to the properties were done within the last 12 months. There is an excellent cash flow with very stable income and low turnover and vacancies. This portfolio is surrounded by many retailers such as ALDI, Dollar Tree, and Walgreens. There are many well-known local restaurants nearby as well as schools like Brown Community Academy Elementary School and Calumet Middle School, making this portfolio an attractive choice for prospective tenants and their families. Large industrial employers such as Fabsco Corporation, MMM Freight Corp, Valente Trucking Inc are among many others in the neighborhood, which is another reason why these 4 buildings maintain a high long-term occupancy rate. On site janitor willing to stay after sale.

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Highlights

  • 52 Unit Portfolio For Sale in Calumet Park.
  • Only $70k/Unit, True 8.5 Cap, 10% Cash on Cash Return, 11.4% Pro Forma Cap Rate
  • The portfolio is comprised of 4 buildings within 1/2 mile of each other.
  • Lots of updates within the last 12 months.
  • On site janitor

Contacts

broker

Paul Tsakiris

First Western Properties

(773) 355-4780

Location

Getting Around

  • Walk Score ®

    54/100 Somewhat Walkable

  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Calumet Park, IL
  • Neighborhood Calumet Park
  • Zip Code 60827
  • Market Chicago

Points of Interest

  • Ashland Avenue

    0.64 miles

  • Racine Avenue

    0.75 miles

  • West Pullman

    0.90 miles

  • Burr Oak

    0.90 miles

  • Stewart Ridge

    1.28 miles

  • Blue Island

    1.37 miles

  • 119th Street

    1.43 miles

  • Blue Island (Vermont Street)

    1.48 miles

  • State Street

    1.75 miles

  • 115th Street (Morgan Park)

    1.85 miles

  • $ave

    0.13 miles

  • Citgo

    0.20 miles

  • Amstar

    0.47 miles

  • GoLo

    0.51 miles

  • Shell

    0.53 miles

  • Citgo

    0.61 miles

  • BP

    0.63 miles

  • Citgo

    0.70 miles

  • Citgo

    0.76 miles

  • Marshfield Citgo

    1.14 miles

  • Blue Island Park & Ride

    2.43 miles

  • Car Parking

    3.56 miles

  • Pace Harvey Park & Ride

    3.62 miles

  • Auto Warehousing Company

    4.25 miles

  • Lot 10

    4.35 miles

  • Lot 11

    4.37 miles

  • Lot 9

    4.40 miles

  • Lot 12

    4.42 miles

  • City of Chicago Auto Pound

    4.44 miles

  • Lot 7

    4.44 miles

  • Days Inn Calumet Park

    0.53 miles

  • Knights Inn Calumet Park

    0.54 miles

  • Plaza Inn

    0.54 miles

  • Royal Motel

    3.32 miles

  • Beverly Motel & Suites

    4.04 miles

  • Baymont

    4.47 miles

  • Best Motel & Suites

    4.49 miles

  • Holiday Inn Express Crestwood

    4.62 miles

  • Rae's house

    4.65 miles

  • New Budget Motel

    4.76 miles

  • Dunkin'

    0.25 miles

  • Burger King

    0.47 miles

  • Wendy's

    0.48 miles

  • Harold's Chicken Shack #35

    0.49 miles

  • Taco Bell

    0.52 miles

  • McDonald's

    0.53 miles

  • Dunkin'

    1.13 miles

  • Panda Express

    1.20 miles

  • Subway

    1.20 miles

  • Wingstop

    1.22 miles

  • Calumet Elementary School

    0.38 miles

  • Seven Holy Founders School

    0.39 miles

  • Burr Oak Elementary School

    0.45 miles

  • Edward White Career Academy

    0.66 miles

  • Robert Brown Academy

    0.68 miles

  • Saint Isidore School

    0.70 miles

  • Assumption School

    0.97 miles

  • Johnnie Colemon Academy

    1.00 miles

  • Ralph H. Metcalfe Community Academy

    1.00 miles

  • Higgins Community Academy

    1.25 miles

  • Council Oak Montessori School

    1.77 miles

  • Me & You Learning Academy

    1.91 miles

  • Daycare

    3.54 miles

  • Happy Days Child Care Center

    5.24 miles

  • Mari's Bumble Bee Academy

    6.46 miles

  • Shining Star Child Development

    6.60 miles

  • Shining Star Child Development

    6.89 miles

  • Restoring the Seed Childcare

    7.13 miles

  • Kenyatta's Day Care and Learning Center

    7.94 miles

  • DJ Brooks Child Development Center

    8.09 miles

Frequently Asked Questions

What is the total square footage of 52 Unit Workforce Housing Portfolio For Sale in Calumet Park?

52 Unit Workforce Housing Portfolio For Sale in Calumet Park totals 50,000 square feet.

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Contact Listing Broker

broker

Paul Tsakiris

First Western Properties

(773) 355-4780