1250 W 127th Street — Calumet Park, IL 60827
Active
Calumet Park, IL 60827

1250 W 127th Street

$499,999
0 beds · 0 baths
Listed at $499,999 31 days on market $11,209/yr taxes
01About this home

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

02Inside the home
03By the numbers
$499,999
List price
Square feet
Bedrooms
Bathrooms
1946
Year built
Lot size
Garage spaces
$11,209
Annual taxes
Retail/Stores
Style
31
Days on market
04Features
Cooling
Central Air
05Neighborhood
  • Dillingers Drive-In 950 ft
  • Burger King 0.4 mi
  • Wendy's 0.4 mi
  • McDonald's 0.4 mi
  • Taco Bell 0.4 mi
  • Harold's Chicken Shack 0.6 mi
  • Phillips 66 300 ft
  • Citgo 600 ft
  • Mobil Mart 0.4 mi
  • GoLo 0.4 mi
  • Shell 0.4 mi
  • Aldi 0.5 mi
  • Centennial Park 0.7 mi
  • Edward H. White Park 0.7 mi
  • Veterans Park 0.9 mi
  • Schrei Field 0.9 mi
  • West Pullman Park 1.2 mi
  • Cooper Park 1.2 mi
  • Dunkin' 850 ft
  • Dunkin' 1.3 mi
  • Dunkin' 1.5 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Mar 27, 2026
Listed for saleThis listing
Kawash Group
$499,999
Sourced from MRED. Older events appear here as our history backfill completes.
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08See it for yourself

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Listed by Kawash Group · Heba Rashed
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12602678
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