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20-Unit Brick Apartment Property
For Sale
Contact for pricing
Pending

10542 Crown Road, Franklin Park, IL 60131

Two adjoining multifamily buildings feature a shared courtyard, residential balconies, and full basements under MULTI zoning.

Property SizeContact for details
Days on Market387

Property Features for 10542 Crown Road

General Information

Standard status Pending
Total Parking Spaces 20
Property subtype Multifamily
Zoning MULTI
Occupancy 100%

Units

Unit Mix 20 x 1BR/1BA
Multifamily Units 20

Additional Details

Highway Access Yes

Amenities

courtyard
California balconies
laundry facilities

Building Details

Year Built 1975
Year Renovated 2024
Buildings 2
Stories 2
Units 10
Construction brick
Tenancy Multi
Abandoned No
Listing Agency: Baird & Warner Naperville
Listed By: Ed Hall · License #471008452
Source: Crexi
Added: Aug 16, 2025 Changed: Aug 31 Last Checked: Aug 31 at 2:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner Naperville

Investment Insights

Based on property information with market context.

This multifamily property comprises two adjoining, all-brick apartment buildings with 10 units each. The buildings share a courtyard and contain matching one-bedroom, one-bath apartments, with California balconies serving the units. Full basements provide additional building area, while laundry facilities with two washers and two dryers are located in 10542 Crown Road. Most apartments have been remodeled.

Capital improvements completed in 2024 included new asphalt parking lots with 10 spaces at each building, new second-floor wood balconies and railings, a new roof at 10548 Crown Road, and roof repairs at 10542 Crown Road. Corner staircases and landings are contracted for updates in Fall 2025, followed by masonry repairs to the front and rear brickwork upon completion.

All units are occupied under month-to-month leases, and residents pay electric service. Both buildings are approved for the Cook County Affordable Housing Special Assessment Program, providing a 35% reduction in assessed valuation for 10 years, renewable if compliance continues. The property is near O'Hare Airport and Interstate 90.

Key Highlights

  • Two adjoining all‑brick buildings with 10 units each and a shared courtyard
  • Identical one‑bedroom, one‑bath apartment layouts across both buildings
  • 2024 improvements include new asphalt parking lots with 10 spaces per building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

616
Businesses Nearby

Demographics for 60131, IL

18,205
Population
6,120
Households
3
Avg Household Size
39
Median Age
19%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
3,371
Density / Sq Mi
$76,404
Median Household Income
$39,117
Median Earnings
$1,092
Median Rent
$261,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two adjoining multifamily buildings feature a shared courtyard, residential balconies, and full basements under MULTI zoning.
Where is this apartment building located?
The property is located at 10542 Crown Road Franklin Park, IL.
What are key features of this property?
This property features: Two adjoining all‑brick buildings with 10 units each and a shared courtyard; Identical one‑bedroom, one‑bath apartment layouts across both buildings; 2024 improvements include new asphalt parking lots with 10 spaces per building
More about this property
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