1250 W 127th Street Calumet Park, IL $ 499,999
1250 W 127th Street
$ 499,999
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1250 W 127th Street

Calumet Park, IL, 60827
$ 499,999
Bedrooms-- Baths-- Sq 7,035
1250 W 127th Street, Calumet Park, IL 60827 - Image 1
1250 W 127th Street, Calumet Park, IL 60827 - Image 2
1250 W 127th Street, Calumet Park, IL 60827 - Image 3
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1250 W 127th Street, Calumet Park, IL 60827 - Image 5
1250 W 127th Street, Calumet Park, IL 60827 - Image 6
1250 W 127th Street, Calumet Park, IL 60827 - Image 7

Property for Rent in Calumet Park, IL

for $499,999. This 7,035 square foot property was built in 1946 on a lot size of 0.060744.

1250-54 W 127th Street presents a compelling opportunity to acquire a multi-tenant retail asset located along a highly trafficked commercial corridor in Calumet Park. The property consists of a three-unit commercial building totaling approximately 7,035 square feet, offering investors immediate in-place income with significant upside through lease optimization and tenant repositioning. Strategically positioned on W. 127th Street, the property benefits from strong visibility, consistent vehicle traffic, and proximity to dense residential neighborhoods, making it an ideal location for service-oriented and neighborhood retail tenants. The surrounding retail corridor features a mix of national and local businesses, providing a stable commercial environment that supports long-term tenancy. The asset has undergone recent renovations, reducing near-term capital expenditure requirements while enhancing its appeal to prospective tenants. Additionally, the property offers ample on-site parking. Multi-Tenant Retail Asset - Three-unit configuration provides diversified income streams and reduces single-tenant exposure Strong In-Place Income with Upside - Existing cash flow with the opportunity to increase rents to market and improve overall returns - Value-Add Opportunity Ability to lease vacant or underutilized space and reposition tenant mix to maximize NOI - Recent Capital Improvements - Renovated building minimizes near-term maintenance costs and enhances tenant appeal Flexible Tenant Use Potential - Ideal for retail, medical, office, or service-oriented users, broadening leasing opportunities

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Rental Active

Price

$ 499,999

Taxes

$ 11,209

Style

Lot Size

0.060744

Year Built

1946

Town/City

Calumet Park

County/Region

Cook

MLS | Web ID

12602678

Features
General
Cooling Central Air
Zoning RTAIL
Year Built 1946
Electric Other
Tenant Pays Other
Stories Count 1
Township Calumet
Tax Year 2024
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 24709
Property Type Commercial Sale Retail/Stores
Status New
Directions On Marshfield Ave and 127th St head east on 127th St. Property located off of 127th St and Throop St.
City Calumet Park
Number Of Units Total 3
MLS Area Calumet Park
Lot Size Square Feet 2646
Tax Annual Amount 11209
Additional Parcels Y/N N
Leasable Area 4690
Lease Type Net
Standard Status Active
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Exterior
Building Area Total 7035
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* Excluded Features
List By
Kawash Group

Broker

hiba@kawashgroup.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/28/2026$499,999 Listed Price

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1250 W 127th Street, Calumet Park, IL, 60827 is a Property for Rent at $499,999 with 7,035 sqft and a lot size of 0.060744. 1250 W 127th Street was built in 1946. The property's zip code is 60827 which is in Calumet Park, IL