1025-1029 W. Vermont Street Apartments
7.8% Cap Rate | 20 Units in Calumet Park, IL | 1025-1029 W. Vermont Street Apartments
Marketing description
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.
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.
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.
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