1025 W Vermont St

Description:

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. Thisexceptional investment opportunity consists of a 20-unit yellow brick flexicore building totaling 20,153 SF and offering a desirable unitmix, 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 communityfeatures a well-maintained exterior with excellent curb appeal in a quiet residential neighborhood, supported by recent capitalimprovements 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%


Vermont Street Apartments presents investors with a stabilized, cash-flowing asset in a strong rental market, with the added advantageof immediate value-add potential to push rents and increase returns.




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 interiorupgrades.
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 totransportation, retail, and employment centers.