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1234 W 127th St 8 Unit Apartment Building $625,000 ($78,125/Unit) 9.30% Cap Rate Calumet Park, IL 60827
Investment Highlights
- Strong Location
- Low In-Place Rents (10%-15%) upside
- High Quality Renovations
Executive Summary
SVN is pleased to present 1234 W 127th Street, an 8-unit multifamily building located in the Calumet Park neighborhood of Chicago's South Suburbs. The desirable unit mix consists of (8) 2 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. 1234 W 127th presents a strong opportunity to acquire a well-performing asset in a strong location.
Property Facts
| Price | $625,000 | Apartment Style | Low-Rise |
| Price Per Unit | $78,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 9.30% | Building Size | 7,200 SF |
| Gross Rent Multiplier | 6.11 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R1-4 | ||
| Price | $625,000 |
| Price Per Unit | $78,125 |
| Sale Type | Investment |
| Cap Rate | 9.30% |
| Gross Rent Multiplier | 6.11 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Opportunity Zone |
Yes |
| Zoning | R1-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 25-29-327-068-0000 | Improvements Assessment | $27,206 |
| Land Assessment | $3,494 | Total Assessment | $30,700 |
Property Taxes
Parcel Number
25-29-327-068-0000
Land Assessment
$3,494
Improvements Assessment
$27,206
Total Assessment
$30,700
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1234 W 127th St
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