Multifamily Housing
1200 West 127th Street Riverdale, IL 60827
Details & Description
Price: $3,120,000
    Highlights52 Unit Portfolio For Sale in Calumet Park.The portfolio is comprised of 4 buildings within 1/2 mile of each other.Lots of updates within the last 12 months.DescriptionThis 52 Unit Workforce Housing Portfolio is For Sale in Calumet Park. The portfolio comprises 4 buildings within a 0.5 mile of each other. Many updates to the properties were done within the last 12 months. There is an excellent cash flow with very stable income and low turnover and vacancies.This portfolio is surrounded by many retailers such as ALDI, Dollar Tree, and Walgreens. There are many well-known local restaurants nearby as well as schools like Brown Community Academy Elementary School and Calumet Middle School, making this portfolio an attractive choice for prospective tenants and their families.Large industrial employers such as Fabsco Corporation, MMM Freight Corp, Valente Trucking Inc are among many others in the neighborhood, which is another reason why these 4 buildings maintain a high long-term occupancy rate.LocationSouth Suburban
    Listing Agents
    Paul Tsakiris

    O: 773-355-4780
    M: 773-545-4067
    paul@1stwesternproperties.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1200 West 127th Street

    Riverdale, IL 60827

    Listing ID: 203293
    1200 West 127th Street Riverdale, IL 60827 | for Sale | Photo 1
    Building Size: 50,000 SF
    Lot Size: 0.707 AC
    Land Size: 30,806 SF
    Building $/SF: $62.40
    Land $/SF: $101.28
    Price
    $3,120,000
    Description

    Highlights

    52 Unit Portfolio For Sale in Calumet Park.

    The portfolio is comprised of 4 buildings within 1/2 mile of each other.

    Lots of updates within the last 12 months.

    Description

    This 52 Unit Workforce Housing Portfolio is For Sale in Calumet Park. The portfolio comprises 4 buildings within a 0.5 mile of each other. Many updates to the properties were done within the last 12 months. There is an excellent cash flow with very stable income and low turnover and vacancies.

    This portfolio is surrounded by many retailers such as ALDI, Dollar Tree, and Walgreens. There are many well-known local restaurants nearby as well as schools like Brown Community Academy Elementary School and Calumet Middle School, making this portfolio an attractive choice for prospective tenants and their families.

    Large industrial employers such as Fabsco Corporation, MMM Freight Corp, Valente Trucking Inc are among many others in the neighborhood, which is another reason why these 4 buildings maintain a high long-term occupancy rate.

    Location

    South Suburban

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Multifamily Housing for Sale

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    Riverdale Area Market Trends

    Listing Demographics for 1200 West 127th Street Riverdale, IL 60827

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population18,986140,569357,544
    Population Median Age393838
    Population by Age0-9 Yrs2162 (11%)18855 (13%)45646 (12%)
    10-19 Yrs2693 (14%)20174 (14%)51149 (14%)
    20-29 Yrs2803 (14%)19800 (14%)48052 (13%)
    30-39 Yrs1897 (9%)17071 (12%)43104 (12%)
    40-49 Yrs2705 (14%)17605 (12%)44777 (12%)
    50-59 Yrs2521 (13%)18261 (12%)48691 (13%)
    60-69 Yrs2404 (12%)15606 (11%)40349 (11%)
    70+ Yrs1800 (9%)13197 (9%)35775 (10%)
    Median HH Income$46,561$43,498$49,708
    Total Household Income< 24K1878 (27%)15136 (30%)34249 (26%)
    25-49K1913 (28%)13060 (26%)30375 (23%)
    50-74K992 (14%)8110 (16%)21192 (16%)
    75-99K819 (12%)5108 (10%)14989 (11%)
    100-199K1088 (16%)7406 (14%)23458 (18%)
    200K+107 (1%)1377 (2%)4357 (3%)
    Highest Education LevelNo Diploma17811304928956
    Diploma or GED39372604265967
    Some College37112622966588
    Assoc. Degree1025728619246
    Bachelors Degree14771128933900
    Higher Degree855730721584
    Total Housing Units7,89060,060149,375
    --Owner-Occupied4,19028,29780,267
    --Renter-Occupied2,60721,90048,352
    Owner-Occupied Values< 100K15801050423165
    100-199K23331261835389
    200-299K198307413147
    300-399K2112085043
    400-499K03211830
    500K+575731694
    Total Working Age Population15,203109,324281,389
    In Work Force9,27466,465171,944
    Not In Work Force5,92842,859109,446
    Workforce Employed7,78856,115149,570
    Workforce Unemployed1,48610,32922,328
    Civlian Workforce9,27466,444171,899
    Military Workforce02145
    Total Households6,79750,197128,619
    Family Households4,27231,25182,188
    Non-Family Households2,52518,94646,431
    Married Couple1,93513,92841,466
    Other Family2,33717,32340,722
    Married w/Child5895,11015,631
    Single Male w/Child631,1303,043
    Single Female w/Child7406,34014,282

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243
    Will County502,266+35677,560+34907,625+201,093,207

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1200 West 127th Street in Riverdale?
    The asking price for 1200 West 127th Street is $3,120,000
    What is the building size of this Multifamily property in Riverdale, IL?
    The size of the building/unit at 1200 West 127th Street in Riverdale is 50,000 square feet
    How much land does the Riverdale, IL property at 1200 West 127th Street include?
    1200 West 127th Street in Riverdale includes 0.707 acres of land
    What is the population within 1 mile of 1200 West 127th Street in Riverdale?
    The population within 1 mile of 1200 West 127th Street Riverdale, IL 60827 is 18,986 people.
    Who do I contact for questions about 1200 West 127th Street?
    You should contact the listing agent, Paul Tsakiris, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago Midway International Airport (MDW) 10
    Chicago O'Hare International Airport (ORD) 25
    South Bend Regional Airport (SBN) 69
    Price
    $3,120,000
    Listing Agent
    More listings from Paul Tsakiris
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