1025 - 49 W Vermont Street,Calumet Park, IL 60827
Calumet Park, IL 60827
Description
Pleased to present the exclusive offering of Vermont Riverbend Residences, a 60-unit apartment community located at 1025-1049 W. Vermont St, Calumet Park, IL 60827 near the Little Calumet River. This investment opportunity consists of 3 contiguous, 20-unit yellow brick flexicore buildings totaling 60,459 SF and offering a desirable unit mix, strong in-place income, and significant upside potential through a light value-add repositioning strategy. The property offers 68 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 (20) Two-Bedroom / One-Bath Units (40) One-Bedroom / One-Bath Units Investment Highlights 2 buildings situated side-by-side and the 3rd located directly across the street - 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 roofs, 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, employment centers, and the Little Calumet River Vermont Riverbend Residences presents investors with a stabilized, cash-flowing asset in a strong rental market, with the added advantage of immediate light value-add potential to push rents and increase returns without major capex.
Details
| MLS # | 12666044 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1969 |
| Days On Site | 138 |
| Listing Provided By | Keller Williams ONEChicago | Anthony Hardy |
Features
| Story(s) | 3 |
|---|---|
| Units | 60 |
Interior
| Cooling | Window Unit(s) |
|---|
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Brick |
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 149339.7 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Calumet Park |
| Zip Code | 60827 |
| Area | Calumet Park |
| Listing VS Median (in 60827) | |
Price: $5,880,000 low | high Med: $164,500 On site: 138 low | high Med: 20 | |
Market Activity 60827
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Calumet Park |
| Zip Code | 60827 |
| Area | Calumet Park |
| Listing VS Median (in 60827) | |
Price: $5,880,000 low | high Med: $164,500 On site: 138 low | high Med: 20 | |