Property Overview
Greyson Brokerage is pleased to present a (6) six-unit apartment building in the Richton Park suburb located in Southern Cook County. With a desirable unit mix of all (2) two bedroom/one bathroom, this asset also host a laundry room and onsite parking. Truly an add-value opportunity, this property offers an investor the chance to own a building that needs a few updates to maximize value. Recent improvements include a new roof, electrical wiring and board, and newish water heater.
Location Overview
The Village of Richton Park is a lively and diverse suburban community, just 30 minutes southwest of the City of Chicago. Home to approximately 15,000 residents, Richton Park offers numerous serene parks, vibrant neighborhoods, and an active business community. Adjacent communities to Richton Park include Matteson and Olympia Fields that when combined, create a core retail trade area of over $830 million dollars of annual retail sales. In addition to over 70,000 daily vehicles that travel through Richton Park on Interstate 57, Richton Park’s three other commercial corridors average approximately 20,000 daily vehicles per each roadway. Over 800 daily riders also utilize the Village’s Metra Electric District station. In addition to the numerous retail and commercial opportunities, Richton Park is home to several light industrial parks that provide quick access to Interstate 57.