52 Rehabbed Units in Calumet Park Multi-Family FOR SALE


Calumet Park, IL
$3,640,000 USD
773-355-4780
, Calumet Park, IL for Sale
$3,640,000 USD
Multi-Family - FOR SALE
1/4
null | 9.24% Cap Rate

52 Rehabbed Units in Calumet Park
Calumet Park, IL


HIGHLIGHTS

  • 4 buildings within 1/2 mile of each other
  • Lots of updates within the last 12 months
  • $70K/Unit offers a 9.24% True Cap and 14.21%+ Cash on Cash Return, 11.4% Pro Forma Cap Rate
  • 52 Unit Portfolio For Sale in Calumet Park.
  • On site janitor

OVERVIEW

This 52 Unit Workforce Housing Portfolio is For Sale in Calumet Park. The portfolio comprises 4 buildings within a 0.5 mile of each other. Many updates to the properties were done within the last 12 months. There is an excellent cash flow with very stable income and low turnover and vacancies. This portfolio is surrounded by many retailers such as ALDI, Dollar Tree, and Walgreens. There are many well-known local restaurants nearby as well as schools like Brown Community Academy Elementary School and Calumet Middle School, making this portfolio an attractive choice for prospective tenants and their families. Large industrial employers such as Fabsco Corporation, MMM Freight Corp, Valente Trucking Inc are among many others in the neighborhood, which is another reason why these 4 buildings maintain a high long-term occupancy rate. On site janitor willing to stay after sale.

ASK ABOUT THIS PROPERTY

Paul TsakirisFirst Western PropertiesMore Info
773-355-4780

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Paul TsakirisFirst Western PropertiesMore Info
773-355-4780

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