Listing Summary
Commercial Property for Sale: 20-Unit Apartment Building in Calumet Park, IL
Full Description
KW Commercial and Keller Williams ONEChicago are pleased to present the exclusive listing of Vermont Street Apartments, a premier 20-unit multi-family investment opportunity located at 1025–1029 W. Vermont St, Calumet Park, IL 60827.
This high-performing Illinois commercial property features a durable, yellow-brick flexicore building totaling 20,153 SF. Offering a highly desirable unit mix, strong in-place cash flow, and significant value-add upside, this asset is an ideal addition to any real estate investment portfolio.
Property Highlights & Amenities
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Ample Parking & Conveniences: Includes 23 dedicated off-street parking spaces and convenient on-site laundry facilities.
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Tenant Appeal: Every apartment features a private balcony, excellent curb appeal, and a quiet residential setting.
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Recent Capital Improvements (CapEx): Peace of mind for investors with a newer roof, refreshed common areas, and modern unit renovations (including new flooring, appliances, and fixtures).
Investment Value Proposition
High Upside Potential & Value-Add Strategy
Current below-market rents provide a clear path to immediate rental rate growth. Investors can maximize ROI and push yields to market levels by continuing strategic interior upgrades.
Turnkey Updates & Low Maintenance
Benefit from recent capital expenditures. With major updates like a newer roof, modernized common spaces, and renovated unit interiors already completed, near-term maintenance costs are minimized.
Prime Chicago Suburban Location
Situated in a high-demand Calumet Park residential neighborhood. Tenants enjoy a quiet community feel paired with seamless access to major transportation links, local retail hubs, and primary employment centers.
Quick Glance
- Listing ID:
CL-Illinois-27979
- Status:
Active
- Year Build:
1967
- Building Size:
14,050 SqFt
- Lot Size:
0 Acr