Multifamily Housing - For Sale
1200 West 127th Street Riverdale, IL 60827
Details & Description
Price: $3,120,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.707
  • Building Sq Ft 50,000
  • Building Price per Sq Ft $62.40
  • Land Sq Ft 30,806
  • Land Price per Sq Ft $101.28
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
$3,120,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.707
  • Building Sq Ft 50,000
  • Building Price per Sq Ft $62.40
  • Land Sq Ft 30,806
  • Land Price per Sq Ft $101.28
1200 West 127th Street Riverdale, IL 60827 | for Sale | Photo 1
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.

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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
Listing Agent
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