12500 S. Lincoln Ave., Calumet Park, IL
Multi-family for Sale - $350,000 - 12,000 Sq. Ft.
Property Info
| CIMLS# | 133041 |
| Location 12500 S. Lincoln Ave. Calumet Park IL 60827 | |
| Updated | June 26th, 2011 |
| Type | Multi-family |
| Price | $350,000 |
| Building | 12,000 Sq. Ft. |
Property Description
16 unit bldg in easy to rent Cal Park Area. Next to highway. Offers good cash flow with the possibility of more by charging for laundry and parking. Part of 4 bldg 60 unit portfolio that includes: 12510 S. Lincoln, 1200 W. 127th and 1234 W. 127th.
Location Description:
South Suburban.
Highlights:
>> Lots of updates within last 12 months.
>> Listed at approx. 50% discount of current comps.
>> Unit layouts are 8 1/Br and 8 Studio.
>> Part of portfolio opportunity - three other buildings within 1/2 mile.
>> Pro Forma Cap & NOI reflect a conservative 25% vacancy loss!
Financials
Sales Info:
>> Cap rate: 15.2%
>> Commision split: 2.5%
>> NOI: $53200.0
