Log In/Sign Up
Your email has been sent.
474 W 14th Pl 8 Unit Apartment Building $942,043 CAD ($117,755 CAD/Unit) Chicago Heights, IL 60411
Investment Highlights
- 20-unit multifamily portfolio located across Chicago Heights and Sauk Village
- Properties located within approximately 8 miles of one another, allowing for streamlined management and operational efficiencies
- Favorable utility structure with tenants paying electric throughout the portfolio, and tenants at 474 W. 14th Place additionally responsible for heat
Executive Summary
474 W. 14th Place is a well-maintained 8-unit multifamily property located in Chicago Heights, just off Route 30 - Lincoln Highway, with convenient access to retail, dining, public transportation, and major regional employers. The property benefits from its proximity to Prairie State College, Franciscan Health Olympia Fields, and major industrial and logistics corridors throughout the south suburbs.
The property features a unit mix of (1) one-bedroom / one-bathroom unit and (7) two-bedroom / one-bathroom units, offering strong appeal to the area’s workforce housing tenant base. The apartment units have been renovated with updated kitchens, flooring, paint, bathrooms, and other interior improvements, providing investors with strong in-place cash flow and limited deferred maintenance. Recent capital improvements include a newer parking lot and hot water heater, helping support the long-term condition of the asset. Tenants are responsible for their own heat and electric, helping reduce operating expenses for ownership.
The asset offers an attractive combination of stable occupancy, operational efficiency, and long-term rental demand within an established workforce housing market.
The property features a unit mix of (1) one-bedroom / one-bathroom unit and (7) two-bedroom / one-bathroom units, offering strong appeal to the area’s workforce housing tenant base. The apartment units have been renovated with updated kitchens, flooring, paint, bathrooms, and other interior improvements, providing investors with strong in-place cash flow and limited deferred maintenance. Recent capital improvements include a newer parking lot and hot water heater, helping support the long-term condition of the asset. Tenants are responsible for their own heat and electric, helping reduce operating expenses for ownership.
The asset offers an attractive combination of stable occupancy, operational efficiency, and long-term rental demand within an established workforce housing market.
Property Facts
| Price | $942,043 CAD | Building Class | C |
| Price Per Unit | $117,755 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 6,200 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-3, Chicago Heights | ||
| Price | $942,043 CAD |
| Price Per Unit | $117,755 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 6,200 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3, Chicago Heights |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 32-19-404-010-0000 | Improvements Assessment | $53,258 CAD |
| Land Assessment | $3,326 CAD | Total Assessment | $56,585 CAD |
Property Taxes
Parcel Number
32-19-404-010-0000
Land Assessment
$3,326 CAD
Improvements Assessment
$53,258 CAD
Total Assessment
$56,585 CAD
Contacts
-
Maira Mancia -
Reid Bennett, CCIM -
Dan Short -
Cody Doran -
SVN | Chicago Commercial
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
474 W 14th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.