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30-Unit Renovated Apartment Building
For Sale
Contact for pricing
Pending

737 Grant Ave, Chicago Heights, IL 60411

Three-story apartment property with varied unit layouts and surface parking.

Property Size19,500 SF
Days on Market671

Property Features for 737 Grant Ave

General Information

Standard status Pending
Size 19,500 SF
Total Parking Spaces 30
Property subtype Multifamily

Units

Unit Mix 6 x studio, 18 x 1Bd/1Ba, 6 x 2Bd/1Ba
Multifamily Units 30

Building Details

Year Built 1963
Stories 3
Units 30
Listing Agency: SVN Chicago Commercial
Listed By: Dan Short · License #IL 475208480
Source: Crexi
Added: Oct 29, 2024 Changed: Aug 30 Last Checked: Apr 24 at 11:59AM

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 SVN Chicago Commercial

Investment Insights

Based on property information with market context.

Located at 737 Grant Avenue in Chicago Heights, Illinois, this three-story apartment property contains 30 units with a mix of six studios, eighteen one-bedroom, one-bath apartments, and six two-bedroom, one-bath apartments. The property also includes 30 surface parking spaces.

Sixteen apartments have been renovated with vinyl plank flooring, new carpet, appliances, and updated bathroom vanities. Common areas feature new vinyl flooring and paint, while major improvements include a TPO roof installed in 2020 and a new hot water heater added in 2018. The remaining fourteen units provide additional renovation scope within the existing unit mix.

Key Highlights

  • 30‑unit, three‑story apartment property in Chicago Heights, IL
  • Unit mix includes 6 studios, 18 one‑bedroom/one‑bath units, and 6 two‑bedroom/one‑bath units
  • 30 surface parking spaces

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

30
Residential units

Location Intelligence

Trade Area within ½ mile

376
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 - Three-story apartment property with varied unit layouts and surface parking.
Where is this apartment building located?
The property is located at 737 Grant Ave Chicago Heights, IL.
What are key features of this property?
This property features: 30‑unit, three‑story apartment property in Chicago Heights, IL; Unit mix includes 6 studios, 18 one‑bedroom/one‑bath units, and 6 two‑bedroom/one‑bath units; 30 surface parking spaces
More about this property
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