501-507 Chicago Rd - Apartments FOR SALE


Thornton, IL 60476
$3,200,000 USD
312-361-1647
501-507 Chicago Rd, Thornton, IL for Sale
$3,200,000 USD
Apartments - FOR SALE
1/7
null | 8.46% Cap Rate

501-507 Chicago Rd
Thornton, IL 60476


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Durable Brick Construction
  • Off-Street Parking
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 501-507 Chicago Rd in Thornton, IL (the “Property”). The two-story building contains thirty four (34) total units comprised of nine (9) 2-Bedroom/1-Bathroom units, twenty-one (21) 1-Bedroom/1-Bathroom units, and four (4) Studio units. The Property is situated upon a 1.00-acre parcel and features fifty (50) off street parking spaces. 501–507 Chicago Road is strategically positioned along one of Thornton’s primary commercial corridors, offering strong visibility and direct access to the village’s core retail and residential districts. The property benefits from its location on Chicago Road (U.S. Route 41), a heavily trafficked north– south thoroughfare that serves as a key connector through the southern suburbs of the Chicago metropolitan area. The asset provides convenient regional connectivity via nearby Interstate 94 and Interstate 80, facilitating efficient travel to downtown Chicago as well as surrounding employment hubs throughout Cook County and neighboring Indiana.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

34

PRICE/UNIT

$94,118

CAP RATE

8.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

501-507 Chicago Rd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

MF

APN/PARCEL ID

29-27-400-123-0000,29-27-400-126-0000

ASK ABOUT THIS PROPERTY

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.