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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.

Property Details

Price:
$5,880,000
MLS #:
MRD12666044
Status:
Active
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
calumetpark
Listed Date:
Jun 1, 2026
Year Built:
1969
Calumet ParkCalumetpark

Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick
Roof
Composition
Stories
3

Financial

Tax Year
2024
Taxes
$149,340

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1025 – 49 W Vermont Street
Calumet Park, IL

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