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Lincoln Street Portfolio 2 Multifamily Properties Offered at $1,200,000 in Calumet Park, IL
Investment Highlights
- Current / Proforma Cap Rate: 7.50% / 9.18%
- Below Market Rents: Nearly $25,000 of Additional Revenue to be Captured
- Current / Proforma Cash-on-Cash: 8.43% / 15.12%
Executive Summary
We are pleased to present the opportunity to acquire a two-property portfolio located at 12619 S Lincoln St and 12623 S Lincoln St. This offering provides investors with the ability to secure a pair of adjacent assets in a cohesive location, allowing for operational efficiencies, long-term value creation, and strategic positioning within the submarket
Property Facts
| Price | $1,200,000 | Number of Properties | 2 |
| Price / SF | $109.80 / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 10,929 SF |
| Sale Type | Investment | Total Land Area | 0.25 AC |
| Status | Active |
| Price | $1,200,000 |
| Price / SF | $109.80 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,929 SF |
| Total Land Area | 0.25 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 12619 S Lincoln St, Calumet Park, IL 60827 | Multifamily | 5,488 SF | 1974 | - |
| 12623 S Lincoln St, Calumet Park, IL 60827 | Multifamily | 5,441 SF | 1972 | - |
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Lincoln Street Portfolio
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