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Multifamily Condominiums Deconversion
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16W571 Mockingbird Ln, Willowbrook, IL 60527

De-conversion opportunity featuring 304 units built in 1970, with balconies, laundry options, individual storage, and ample parking.

Property SizeContact for details
Lot Size24.28 Acres
Days on Market122

Property Features for 16W571 Mockingbird Ln

General Information

Standard status Active
Lot size 24.28 Acres
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 304

Amenities

private balconies
coin laundry
in-unit laundry
storage units for each unit
ample parking
adjacent to hiking trails

Building Details

Year Built 1970
Tenancy Multi
Listing Agency: 33 Realty
Listed By: Liam Moore · License #475178997
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 7:38AM

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 33 Realty

Investment Insights

Based on property information with market context.

Offered as a de-conversion opportunity, Waterfall Glen Condominiums is a multifamily property built in 1970 comprising 304 units. The unit mix includes 76 one-bedroom, one-bath units, 152 two-bedroom, one-bath units, and 76 three-bedroom, two-bath units. Residents have access to private balconies, coin laundry and in-unit laundry, and storage units provided for each unit. The property also includes ample parking.

The offering spans 24.28 acres and is located adjacent to hiking trails, with proximity to Route 55 and the I-294 expressway.

As presented, the complex includes a mix of rental and owner-occupied units. The asset’s existing condominium structure creates a clear framework for single-ownership administration across the community.

Key Highlights

  • De‑conversion opportunity: Waterfall Glen Condominiums with 304 units built in 1970 on 24.28 acres
  • Unit mix includes 76 one‑bedroom/one‑bath, 152 two‑bedroom/one‑bath, and 76 three‑bedroom/two‑bath units
  • Amenities include private balconies, coin laundry, and in‑unit laundry options

Property Analytics

Current Use

Summit Transportation Inc Trucking Company

Suggested Use

Top Pick Dental Office Parking Lot & Garage Law Firm Hair Salon Bakery (Bike/Boat/Book/etc) Store

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

304
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

276
Businesses Nearby

Demographics for 60527, IL

29,139
Population
13,101
Households
2.2
Avg Household Size
47
Median Age
58%
College-Educated
96%
High-School Grad
14.4 sq mi
ZIP Area
2,024
Density / Sq Mi
$110,482
Median Household Income
$62,257
Median Earnings
$1,553
Median Rent
$488,300
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 - De-conversion opportunity featuring 304 units built in 1970, with balconies, laundry options, individual storage, and ample parking.
Where is this apartment building located?
The property is located at 16W571 Mockingbird Ln Willowbrook, IL.
What are key features of this property?
This property features: De‑conversion opportunity: Waterfall Glen Condominiums with 304 units built in 1970 on 24.28 acres; Unit mix includes 76 one‑bedroom/one‑bath, 152 two‑bedroom/one‑bath, and 76 three‑bedroom/two‑bath units; Amenities include private balconies, coin laundry, and in‑unit laundry options
(773) 245-0587 Call to check price and availability
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