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1200 W 127th St 12 Unit Apartment Building $875,000 ($72,917/Unit) 9.34% Cap Rate Calumet Park, IL 60827
INVESTMENT HIGHLIGHTS
- Strong Location
- Long Term Tenants
- High Quality Units
EXECUTIVE SUMMARY
SVN is pleased to present 1200 W 127th Street, a 12-unit multifamily building located in the Calumet Park neighborhood of the Chicago South Suburbs. The desirable unit mix consists of (12) 1 Bed 1 Bath apartments. Major Capital Improvements Include: The Majority of the units are recently renovated with modern kitchens and bathrooms. Newer roofs, newer windows, and updated tuckpointing. The Mechanical systems include: Separately metered electrical service, newer gas meters, and a boiler system whose heat is provided through electrical baseboard. 1200 W 127th Street presents a strong opportunity to acquire a well-performing asset in a strong location.
PROPERTY FACTS
| Price | $875,000 | Building Class | C |
| Price Per Unit | $72,917 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 16,200 SF |
| Cap Rate | 9.34% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $875,000 |
| Price Per Unit | $72,917 |
| Sale Type | Investment |
| Cap Rate | 9.34% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 16,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 625 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $47,066 | |
| Land Assessment | $3,494 | Total Assessment | $50,560 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,494
Improvements Assessment
$47,066
Total Assessment
$50,560
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1200 W 127th St
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