1025 - 49 W Vermont ST, Calumet Park, IL 60827
1025 - 49 W Vermont ST, Calumet Park, IL 60827
1025 - 49 W Vermont ST, Calumet Park, IL 60827
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$5,880,000
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1025 - 49 W Vermont ST Calumet Park, IL 60827

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12666044

Year Built 1969

Annual Tax Amount $149,339

Tax Year 2024

Lot Dimensions 236X127

Property Sub-Type Multi Family 5+

Property Description

Pleased to present the exclusive offering of Vermont Riverbend Residences, a 60-unit apartment community located at 1025-1049 W. Vermont St, Calumet Park, IL 60827 near the Little Calumet River. This investment opportunity consists of 3 contiguous, 20-unit yellow brick flexicore buildings totaling 60,459 SF and offering a desirable unit mix, strong in-place income, and significant upside potential through a light value-add repositioning strategy. The property offers 68 off-street parking spaces, private balconies for each unit, and convenient on-site laundry facilities. The community features a well-maintained exterior with excellent curb appeal in a quiet residential neighborhood, supported by recent capital improvements including newer roofs, upgraded common areas, and unit renovations with new flooring, appliances, and fixtures. Unit Mix & Rents (20) Two-Bedroom / One-Bath Units (40) One-Bedroom / One-Bath Units Investment Highlights 2 buildings situated side-by-side and the 3rd located directly across the street - 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 interior upgrades. Recent Capital Improvements - Newer roofs, 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 to transportation, retail, employment centers, and the Little Calumet River Vermont Riverbend Residences presents investors with a stabilized, cash-flowing asset in a strong rental market, with the added advantage of immediate light value-add potential to push rents and increase returns without major capex.

Location

State IL

County Cook

Area Calumet Park

Rooms

Basement None

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Anthony Hardy of  Keller Williams ONEChicago 

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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1025 - 49 W Vermont ST

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