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1025 W Vermont Ave 20 Unit Apartment Building $1,960,000 ($98,000/Unit) 7.80% Cap Rate Calumet Park, IL 60827
Executive Summary
Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago is pleased to present the exclusive offering of Vermont Street Apartments, a 20-unit apartment community located at 1025–1029 W. Vermont St, Calumet Park, IL 60827. This exceptional investment opportunity consists of a 20-unit yellow brick flexicore building totaling 20,153 SF and offering a desirable unit mix, strong in-place income, and significant upside potential.
The property offers 23 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
(7) Two-Bedroom / One-Bath Units – Current Average Rent: $1,304 | Market Average Rent: $1,525
(13) One-Bedroom / One-Bath Units – Current Average Rent: $1,073 | Market Average Rent: $1,275
Financial Highlights
Current NOI: $152,803 | Pro Forma NOI: $188,164
List Price: $1,960,000 ($98,000 per unit | $97.26 per SF)
Current Cap Rate: 7.80% | Pro Forma Cap Rate: 9.60%
Current GRM: 7.08 | Pro Forma GRM: 6.26
Occupancy: 100%
Investment Highlights
20-Unit Building – Efficient layout with Flexicore construction for durability and noise reduction.
Attractive Unit Features – Balconies for all units, modernized finishes in renovated apartments, and on-site laundry facilities.
Strong Upside Potential – Below-market rents present opportunity for rental rate growth to market levels through continued interior upgrades.
Recent Capital Improvements – Newer roof, updated common areas, and renovated units with new flooring, appliances, and fixtures.
Desirable Suburban Location – Nestled in a residential neighborhood with strong tenant demand and convenient access to transportation, retail, and employment centers.
Vermont Street Apartments presents investors with a stabilized, cash-flowing asset in a strong rental market, with the added advantage of immediate value-add potential to push rents and increase returns.
The property offers 23 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
(7) Two-Bedroom / One-Bath Units – Current Average Rent: $1,304 | Market Average Rent: $1,525
(13) One-Bedroom / One-Bath Units – Current Average Rent: $1,073 | Market Average Rent: $1,275
Financial Highlights
Current NOI: $152,803 | Pro Forma NOI: $188,164
List Price: $1,960,000 ($98,000 per unit | $97.26 per SF)
Current Cap Rate: 7.80% | Pro Forma Cap Rate: 9.60%
Current GRM: 7.08 | Pro Forma GRM: 6.26
Occupancy: 100%
Investment Highlights
20-Unit Building – Efficient layout with Flexicore construction for durability and noise reduction.
Attractive Unit Features – Balconies for all units, modernized finishes in renovated apartments, and on-site laundry facilities.
Strong Upside Potential – Below-market rents present opportunity for rental rate growth to market levels through continued interior upgrades.
Recent Capital Improvements – Newer roof, updated common areas, and renovated units with new flooring, appliances, and fixtures.
Desirable Suburban Location – Nestled in a residential neighborhood with strong tenant demand and convenient access to transportation, retail, and employment centers.
Vermont Street Apartments presents investors with a stabilized, cash-flowing asset in a strong rental market, with the added advantage of immediate value-add potential to push rents and increase returns.
Property Facts
| Price | $1,960,000 | Apartment Style | Low-Rise |
| Price Per Unit | $98,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 7.80% | Building Size | 14,050 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | RS-2 - Residential | ||
| Price | $1,960,000 |
| Price Per Unit | $98,000 |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.36 AC |
| Building Size | 14,050 SF |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | RS-2 - Residential |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
| 2+1 | 7 | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 25-32-207-062-0000 | Improvements Assessment | $86,714 |
| Land Assessment | $9,373 | Total Assessment | $96,087 |
Property Taxes
Parcel Number
25-32-207-062-0000
Land Assessment
$9,373
Improvements Assessment
$86,714
Total Assessment
$96,087
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1025 W Vermont Ave
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