1025 W Vermont Ave 20 Unité Immeuble d’appartements 2 711 758 $ CAD (135 588 $ CAD/Unité) 7,80% Taux de capitalisation Calumet Park, IL 60827

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.
Unit Mix & Rents
(7) Two-Bedroom / One-Bath Units – Current Average Rent: $1,304 | Market Average Rent: $1,525
(13) One-Bedroom / One-Bath Units – Current Average Rent: $1,073 | Market Average Rent: $1,275
Financial Highlights
Current NOI: $152,803 | Pro Forma NOI: $188,164
List Price: $1,960,000 ($98,000 per unit | $97.26 per SF)
Current Cap Rate: 7.80% | Pro Forma Cap Rate: 9.60%
Current GRM: 7.08 | Pro Forma GRM: 6.26
Occupancy: 100%
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.
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.