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Five-Unit Apartment Building
For Sale
$289,000

1217 Park Avenue, Chicago Heights, IL 60411

Multifamily property with varied unit layouts and private rear parking serving tenants.

Property Size5,625 SF
Price / SF$51.38
Days on Market185

Property Features for 1217 Park Avenue

General Information

Standard status Active
Size 5,625 SF
Property subtype Multi Family 5+ / Multi Family 5+-Other
Zoning MULTI

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x 2BR/1BA, 1 x 1BR/1BA, 1 x studio/1BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $9,812

Amenities

private rear parking lot

Building Details

Year Built 1907
Buildings 1
Stories 3
Listing Agency: Redfin
Listed By: Melissa Kingsbury · License #475177202
Source: Compass
Added: Feb 27 Changed: Aug 30 Last Checked: Aug 30 at 11:02PM

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 Redfin

Investment Insights

Based on property information with market context.

Built in 1907, this five-unit apartment building contains 5,625 square feet with a total of 8 bedrooms and 5 bathrooms. The configuration includes three two-bedroom, one-bath apartments, one one-bedroom, one-bath apartment, and one studio with one bath, creating a range of residential layouts within the property. A private parking lot is located behind the building.

The property is near downtown Chicago Heights, with shopping, dining, public transportation, and interstate access in the surrounding area. The sale is offered as-is, with the buyer responsible for any required village inspection repairs.

Key Highlights

  • Five‑unit apartment building with 5,625 square feet
  • Unit mix totals 8 bedrooms and 5 bathrooms
  • Three 2 bedroom, 1 bath units, plus one 1 bedroom, 1 bath unit and one studio, 1 bath unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Skin Care Clinic Cafe & Coffee Shop

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

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

757
Businesses Nearby

Demographics for 60411, IL

53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
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 - Multifamily property with varied unit layouts and private rear parking serving tenants.
Where is this apartment building located?
The property is located at 1217 Park Avenue Chicago Heights, IL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Five‑unit apartment building with 5,625 square feet; Unit mix totals 8 bedrooms and 5 bathrooms; Three 2 bedroom, 1 bath units, plus one 1 bedroom, 1 bath unit and one studio, 1 bath unit
More about this property
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