12510 S. Lincoln Ave., Calumet Park, IL
Multi-family for Sale - $350,000 - 12,000 Sq. Ft.
Property Info
| CIMLS# | 133042 |
| Location 12510 S. Lincoln Ave. Calumet Park IL 60827 | |
| Updated | August 30th, 2013 |
| Type | Multi-family |
| Price | $350,000 |
| Building | 12,000 Sq. Ft. |
Property Description
16 unit building in easy to rent Cal Park Area, next to I-57. Offers good cash flow with the potential to increase by installing laundry equipment and charging for parking. This property is part of four-building, 60-unit portfolio that includes: 12500 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 comparables.
>> Unit layouts are 8 one-bedrooms, and 8 Studios.
>> Part of portfolio opportunity - three other buildings within 1/2 mile.
>> Pro Forma Cap & NOI reflect a conservative 25% vacancy loss!
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Financials
Sales Info:
>> Commision split: 2.5%
