$1,300,000
Prime Industrial Building for Sale at 4542 W Cermak Rd – 18,000 SF Warehouse & Office in Chicago, IL 60623
Chicago, Illinois
Soft Offer20-Unit Income Property at 1025-1029 W Vermont St, Calumet Park, IL 60827 ($1.96M)
1025-1029 W Vermont Ave, Calumet Park, Illinois 60827
$1,960,000
$140 / sq ft 7.8% cap rate Listed Jul 8, 2026
14,050 sqft
Building
0 acres
Lot
1967
Built
3
Stories
23
Parking
20
Units
About this property
20-Unit Income Property at 1025-1029 W Vermont St, Calumet Park, IL 60827 ($1.96M) is a multifamily for sale in Calumet Park, Illinois, listed at $1,960,000. Key details: year built 1967, building size 14,050 sqft, lot size 0 acres, stories 3. Listed by Tony Hardy of Keller Williams ONEChicago on LoopingCloud and last updated August 17, 2026.
KW Commercial and Keller Williams ONEChicago are pleased to present the exclusive listing of Vermont Street Apartments, a premier 20-unit multi-family investment opportunity located at 1025–1029 W. Vermont St, Calumet Park, IL 60827.
This high-performing Illinois commercial property features a durable, yellow-brick flexicore building totaling 20,153 SF. Offering a highly desirable unit mix, strong in-place cash flow, and significant value-add upside, this asset is an ideal addition to any real estate investment portfolio.
Property Highlights & Amenities
-
Ample Parking & Conveniences: Includes 23 dedicated off-street parking spaces and convenient on-site laundry facilities.
-
Tenant Appeal: Every apartment features a private balcony, excellent curb appeal, and a quiet residential setting.
-
Recent Capital Improvements (CapEx): Peace of mind for investors with a newer roof, refreshed common areas, and modern unit renovations (including new flooring, appliances, and fixtures).
Investment Value Proposition
High Upside Potential & Value-Add Strategy
Current below-market rents provide a clear path to immediate rental rate growth. Investors can maximize ROI and push yields to market levels by continuing strategic interior upgrades.
Turnkey Updates & Low Maintenance
Benefit from recent capital expenditures. With major updates like a newer roof, modernized common spaces, and renovated unit interiors already completed, near-term maintenance costs are minimized.
Prime Chicago Suburban Location
Situated in a high-demand Calumet Park residential neighborhood. Tenants enjoy a quiet community feel paired with seamless access to major transportation links, local retail hubs, and primary employment centers.
Key highlights
- Occupied
- quiet residential neighborhood
- newer roofs
- Below-market rents
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1967
- Building Size
- 14,050 sqft
- Lot Size
- 0 acres
- Stories
- 3
- Parking Spaces
- 23
- Total Units
- 20
- Building Class
- Class B
- Occupied
- Yes
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $152,803
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
7.8%
Cap rate
$152,803
Net operating income
$140
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,960,000 | 7.8% | - | - | - |
Features and amenities
Property Features
- Unit Amenities Balcony Washer/Dryer Heating Kitchen Refrigerator Oven Range Tub/Shower Carpet
- Site Amenities 24 Hour Access Controlled Access Tenant Controlled HVAC Smoke Free Trash Pickup - Curbside Smoke Detector
Highlights
- quiet residential neighborhood
- newer roofs
- The community features a well-maintained exterior
- Below-market rents
- residential neighborhood with strong tenant demand and easy access to transportation
Location
Address as shown by the lister.
Get directionsAbout this area - Riverdale
- Population
- 33,209
- Housing units
- 11,763
- Land area
- 6.9 sq mi
- County
- Cook
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Links
1 linkAdditional contacts
1 person to reach- Travis MontgomerySenior Director (773) 946-8816
Frequently asked questions
What is the asking price of 20-Unit Income Property at 1025-1029 W Vermont St, Calumet Park, IL 60827 ($1.96M)?
20-Unit Income Property at 1025-1029 W Vermont St, Calumet Park, IL 60827 ($1.96M) is listed at $1,960,000. That works out to about $140 per square foot. The stated cap rate is 7.8%.
Where is 20-Unit Income Property at 1025-1029 W Vermont St, Calumet Park, IL 60827 ($1.96M) located?
The property is in 1025-1029 W Vermont Ave, Calumet Park, Illinois 60827, Cook County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 14,050 sqft. The lot is 0 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tony Hardy of Keller Williams ONEChicago listed this property. Use the Request Info button to send a message or call (773) 575-6082.
When was this listing published?
It was published on July 8, 2026 and last updated on August 17, 2026.
Listing information
- Listing ID
- CL-Illinois-27979
- Published
- Jul 8, 2026
- Last updated
- Aug 17, 2026
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