12500 S Lincoln St - Apartments FOR SALE


Calumet Park, IL 60827
$2,100,000 USD
630-550-1515
12500 S Lincoln St, Calumet Park, IL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/5
null | 9.09% Cap Rate

12500 S Lincoln St
Calumet Park, IL 60827


HIGHLIGHTS

  • Strong Location
  • High Quality Renovations
  • Low In-Place Rents (10%-15%) upside

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

32

PRICE/UNIT

$65,625

CAP RATE

9.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,526 SF

ZONING

-

APN/PARCEL ID

25-30-411-072-0000

ASK ABOUT THIS PROPERTY

Joe ConnellySVN | Chicago CommercialMore Info
630-550-1515

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Joe ConnellySVN | Chicago CommercialMore Info
630-550-1515

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.