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12500 S Lincoln St 32 Unit Apartment Building $2,931,432 CAD ($91,607 CAD/Unit) 9.09% 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 a two-building 32 Unit Multifamily opportunity located in the strong Calumet Park neighborhood of the Chicago South Suburbs. The desirable unit mix consists of (16) Spacious Studios and (16) spacious one-bedroom one-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 boiler systems that are heated through electrical baseboard heat throughout the portfolio. The majority of the portfolio is equipped with ample parking spaces. 12500-12510 S Lincoln portfolio allows for investors to acquire strong cash-flowing assets that are very well maintained with strong upside of rental increases.
PROPERTY FACTS
| Price | $2,931,432 CAD | Building Class | C |
| Price Per Unit | $91,607 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 21,300 SF |
| Cap Rate | 9.09% | Average Occupancy | 100% |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 3.14/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $2,931,432 CAD |
| Price Per Unit | $91,607 CAD |
| Sale Type | Investment |
| Cap Rate | 9.09% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 21,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 3.14/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | - |
| 1+1 | 16 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 25-30-411-072-0000 | Improvements Assessment | $77,244 CAD |
| Land Assessment | $8,061 CAD | Total Assessment | $85,306 CAD |
PROPERTY TAXES
Parcel Number
25-30-411-072-0000
Land Assessment
$8,061 CAD
Improvements Assessment
$77,244 CAD
Total Assessment
$85,306 CAD
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12500 S Lincoln St
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