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Two-Building Multifamily Investment
For Sale
Contact for pricing
Pending

1522 N Harlem Ave, River Forest, IL 60305

Two neighboring buildings total 13 units with off-street parking, landlord-owned laundry, and storage lockers.

Property SizeContact for details
Days on Market125

Property Features for 1522 N Harlem Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Interra Realty, LLC
Listed By: Patrick Kennelly · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 11 at 7:42PM

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 Interra Realty, LLC

Investment Insights

Based on property information with market context.

For sale: two neighboring apartment buildings totaling 13 units, featuring an identical large two-bedroom layout along with one non-conforming one-bedroom apartment. The property has been meticulously maintained and is supported by a practical onsite setup including one landlord-owned laundry room per building and storage lockers.

The buildings include a total of 10 off-street parking spaces. Unit upgrades have been completed over the past 15 years, with updated kitchens and baths and hardwood flooring throughout. Almost every unit also includes a dishwasher and a microwave.

Located at 1522 N Harlem Ave in River Forest, this well-kept multifamily property presents a straightforward acquisition opportunity for an investor seeking a pride-of-ownership rental asset.

Key Highlights

  • Two neighboring buildings totaling 13 units, featuring identical large 2‑bedroom layouts plus 1 non‑conforming 1‑bedroom apartment
  • 10 off‑street parking spaces across the two buildings
  • One landlord‑owned laundry room per building and storage lockers

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Travel Agency Pharmacy

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

Location Intelligence

Trade Area within ½ mile

1,495
Businesses Nearby

Demographics for 60305, IL

11,710
Population
4,494
Households
2.6
Avg Household Size
40
Median Age
73%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
4,684
Density / Sq Mi
$148,711
Median Household Income
$83,347
Median Earnings
$1,411
Median Rent
$676,900
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 neighboring buildings total 13 units with off-street parking, landlord-owned laundry, and storage lockers.
Where is this apartment building located?
The property is located at 1522 N Harlem Ave River Forest, IL.
What are key features of this property?
This property features: Two neighboring buildings totaling 13 units, featuring identical large 2‑bedroom layouts plus 1 non‑conforming 1‑bedroom apartment; 10 off‑street parking spaces across the two buildings; One landlord‑owned laundry room per building and storage lockers
More about this property
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