Phoenix, IL Apartment Buildings for Sale

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Updated: Feb 19

Well-Maintained Multifamily Community

2130 122nd St, Blue Island, IL 60406

$24,500,000

169,641 sqft

345‑unit multifamily community offering immediate scale in the Chicagoland market.
Located steps from the Metra train station, providing convenient access to downtown Chicago in approximately 30 minutes.
Over $3.1 million in capital improvements completed in the past four years.
Mix of studio, one, and two‑bedroom apartments.
Practical floor plans featuring open kitchens and spacious bedrooms.

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This listing looks promising.

Here's a quick look at some key insights for

2130 122nd St, Blue Island, IL 60406

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Est. Cap Rate

8%
Above avg (5.9%)
Est. NOI

$1.97M
Annual
Price @ 7% Cap

$28.11M
Above asking
Property Type

Single Family Residence
Built 1953

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Updated: Jun 16

Studio Apartment Building

184 W 147th Street, Harvey, IL 60426

$1,100,000

0.33 AC lot

20‑unit studio apartment building built in 1964 in Harvey, IL
Located on busy 147th Street with approximately 23,000 vehicles per day
Owned and maintained by the same ownership since 2012
Current rents average approximately $750 per month with potential for future growth
Parking lot repaving to be completed prior to closing or a credit provided to the purchaser

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Six-Unit Apartment Building

2526 Broadway Street, Blue Island, IL 60406

$459,900

0.77 AC lot

Six well-appointed units with tenant-paid heating and hot water, plus a finished basement and private parking lot.

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Blue Island Multifamily Investment Opportunity

12934 Page Court, Blue Island, IL 60406

$529,000

Six-unit building with value-add potential in Blue Island, Illinois.

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Blue Island Multifamily Investment Property

12909 Page Street, Blue Island, IL 60406

$609,900

Six-unit multifamily property with recent upgrades near transportation and shopping.

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Blue Island Multifamily Investment Opportunity

13039 S Wood St, Blue Island, IL 60406

$900,000

12,000 sqft · 0.37 AC lot

12-unit multifamily property in Blue Island with parking.

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Harvey Multifamily Investment Opportunity

15633 Lexington Avenue, Harvey, IL 60426

$499,999

Six-unit brick building with income and value-add potential.

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Studio Apartment Building with Parking

184 W 147TH ST, Harvey, IL 60426

$1,100,000

6,686 sqft

20-unit studio apartment building near major interstates, with a recently repaved asphalt parking lot.

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Blue Island Multifamily Investment Property

12456 Fairview Avenue, Blue Island, IL 60406

$545,000

Six-unit multifamily property in a good rental area.

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Blue Island Multifamily Investment

12452 Fairview Avenue, Blue Island, IL 60406

$545,000

Six-unit multifamily property in a good rental area.

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Mixed-Use Property in Downtown Harvey

Dixmoor, IL 60426

$350,000

12,000 sqft

Mixed-use property with retail and multi-family units in Harvey, Illinois.

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Six-Unit Multifamily in Blue Island

12456 Fairview Avenue, Blue Island, IL 60406

$545,000

Fully rented six-unit multifamily property in a good rental area.

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Six-Unit Multifamily Investment Opportunity

12452 Fairview Avenue, Blue Island, IL 60406

$545,000

Fully rented six-unit multifamily property near I-57 and I-294.

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Seven-Unit Multifamily Investment Property

15633 Lexington Ave, Harvey, IL 60426

$450,000

8,600 sqft

Seven units, investor-ready, priced to sell with upside potential.

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Phoenix, IL 16-Unit Apartment Complex

611 E 151st St, Phoenix, IL 60426

$925,000

8,400 sqft

16-unit apartment complex with remodeled units and management in place.

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Based on your search, we've compiled 57 Potential Opportunities for your consideration. Besides 15 Active listings in Phoenix, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 34 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

20-Unit Apartment Building

1025 W Vermont Street, Calumet Park, IL 60827

$1,960,000

0.36 AC lot

Yellow brick flexicore apartment community with private balconies, off-street parking, and on-site laundry.

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Apartment Community with Private Balconies

1025 - 49 W Vermont Street, Calumet Park, IL 60827

$5,880,000

60-unit apartment community in three contiguous buildings with balconies for each unit and on-site laundry.

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Riverdale Multifamily Investment Opportunity

14132 S School Street, Riverdale, IL 60827

$249,900

Nine-unit building in Riverdale with value-add potential.

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Mixed-Use Brick Flexicore 7-Unit

201 W 144th Street, Riverdale, IL 60827

$350,000

Downtown mixed-use property with restaurant storefronts and five apartments, offering shared income streams and commuter access.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Off-Market Properties in Phoenix, IL

Consider similar Off-Market properties in Phoenix, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.