12531 S Ashland Ave - Apartments FOR SALE


Calumet Park, IL 60827 | 
$1,150,000 USD
312-361-1647
12531 S Ashland Ave, Calumet Park, IL for Sale
$1,150,000 USD
Apartments - FOR SALE
1/7
null | 7.59% Cap Rate

12531 S Ashland Ave
Calumet Park, IL 60827


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Nearby Higher Education
  • Desirable Brick Construction
  • Off-Street Parking & Amenities
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 12531 Ashland Ave in Calumet Park, IL (the “Property”). The two-story brick building contains eight (8) Studio/1-Bathroom units and eight (8) 1-Bedroom/1-Bathroom units with 12,000 square feet of gross living area in 15,000 square feet of gross area. The Property is situated upon a 0.44-acre parcel and features twenty-five (25) off-street parking spaces, as well as coin-op laundry. 12531 Ashland Avenue is well-positioned along South Ashland Avenue in Calumet Park, offering convenient access to the surrounding residential neighborhoods, local retail corridors, and employment centers throughout the South Chicago region. The property benefits from excellent connectivity to Interstate 57, which provides direct north-south access to downtown Chicago and the broader Chicago metropolitan area. Public transportation is also readily accessible, with the nearby Ashland/Calumet Park Metra Electric station providing commuter rail service toward downtown Chicago, while Pace bus service along Ashland Avenue and nearby corridors provides additional connectivity throughout the Southland.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

16

PRICE/UNIT

$71,875

CAP RATE

7.59%

% 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

1968

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

RT-4

APN/PARCEL ID

25-29-313-016-0000,25-29-313-017-0000,25-29-313-018-0000

ASK ABOUT THIS PROPERTY

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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