Property Listing No Longer Available for Sale

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
UpdatedAugust 30th, 2013
TypeMulti-family
Price$350,000
Building12,000 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!

* Email for additional photos


Financials

Sales Info:

>> Commision split: 2.5%


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