Residential Income Property with Finished
For Sale
$474,900
Pending
13318 Oak Hills Parkway Unit 5, Palos Heights, IL 60463
The townhouse layout includes four bedrooms, a main-level laundry room, and an attached garage.
Property Size1,971 SF
Days on Market95
Property Features for 13318 Oak Hills Parkway Unit 5
General Information
Standard status
Pending
Size
1,971 SF
Total Parking Spaces
2
Property subtype
Townhouse-Ranch
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,448
Building Details
Building Size
1,971 SF
Year Built
1988
Listing Agency:
Coldwell Banker Realty
(708) 203-1412
Listed By:
Mary Wallace · License #475136800
(708) 424-4000
Source:
Purveyproperties
Added: Jul 30
Changed: Oct 31
Last Checked: Oct 31 at 3:28AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,971-square-foot townhome has four bedrooms and three bathrooms, with 1,971 square feet above grade. The main level includes vaulted ceilings, hardwood floors, a skylit living room with a stone fireplace, a formal dining room, and an eat-in kitchen with maple cabinetry, a breakfast bar, granite countertops, and stainless steel appliances. A 28ft sunroom extends from the kitchen. The primary suite has a walk-in closet and full bathroom; a second bedroom, guest bathroom, and laundry room are also on this level. The finished basement adds a recreation room, two bedrooms, a full bathroom, and a walk-in concrete crawl space. An attached two-car garage provides access to the laundry room.
The basement and garage door were completed or replaced in 2026; skylights and basement windows were updated in 2024. The kitchen dates to 2014, the roof to 12 years ago, and central air and the furnace to 3 years ago. Oak Hills Subdivision has a clubhouse, pool, and golf course. Shopping, restaurants, forest preserves, and paths are nearby, with Orland Park shopping a short distance away.
The basement and garage door were completed or replaced in 2026; skylights and basement windows were updated in 2024. The kitchen dates to 2014, the roof to 12 years ago, and central air and the furnace to 3 years ago. Oak Hills Subdivision has a clubhouse, pool, and golf course. Shopping, restaurants, forest preserves, and paths are nearby, with Orland Park shopping a short distance away.
Key Highlights
- 1,971 square feet above grade; four bedrooms and three bathrooms
- Finished basement with recreation room, two bedrooms, full bathroom, and walk‑in concrete crawl space
- 28ft sunroom off the kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,865
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,300
$457.3K
Cap Rate 7%
$326,643
$326.6K
Cap Rate 9%
$254,056
$254.1K
Market Conditions
NOI Build-Up for 1,971 SF
Gross rent
$44.7K $22.68/SF
− Vacancy
−$3.1K −$1.59/SF
EGI
$41.6K $21.09/SF
− OpEx
−$18.7K −$9.49/SF
NOI
$22.9K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,300
Cap Rate 7%
$326,643
Cap Rate 9%
$254,056
Alternative Uses
Best Use
Apartment 5plus
$326.6K
$285.8K – $381.1K
NOI $22,865 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$680.5K
$595.4K – $793.9K
NOI $47,635 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 60463, IL
14,048
Population
5,501
Households
2.6
Avg Household Size
52
Median Age
41%
College-Educated
97%
High-School Grad
5.3 sq mi
ZIP Area
2,651
Density / Sq Mi
$105,389
Median Household Income
$64,885
Median Earnings
$2,119
Median Rent
$343,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The townhouse layout includes four bedrooms, a main-level laundry room, and an attached garage.
Where is this residential income property located?
The property is located at 13318 Oak Hills Parkway Unit 5 Palos Heights, IL.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: 1,971 square feet above grade; four bedrooms and three bathrooms; Finished basement with recreation room, two bedrooms, full bathroom, and walk‑in concrete crawl space; 28ft sunroom off the kitchen
