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17-Unit Condominium Portfolio
For Sale
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137 Hemlock, Park Forest, IL 60466

Multifamily condominium portfolio distributed across multiple buildings and two homeowners’ associations.

Property SizeContact for details
Days on Market145

Property Features for 137 Hemlock

General Information

Standard status Active
Property subtype Special Purpose

Units

Unit Mix 17 x 2BR/1BA
Multifamily Units 17

Building Details

Buildings 13
Listing Agency: ACO Commercial
Listed By: Linda Hattar, JD · License #IL 475161338
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 1:57PM

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 ACO Commercial

Investment Insights

Based on property information with market context.

This multifamily portfolio includes 17 condominium units arranged across 13 buildings in Park Forest, Illinois. Each residence offers two bedrooms and one bathroom, creating a consistent unit configuration throughout the holdings.

The portfolio is divided between two homeowners’ associations: 15 units are affiliated with one association, while the remaining two are governed by another. The larger group is situated in Cook County, and the two-unit portion is located nearby in neighboring Will County. The property is identified at 137 Hemlock in Park Forest, a southern suburb of Chicago.

Key Highlights

  • 17 condominium units across 13 buildings
  • Consistent two‑bedroom, one‑bathroom unit layout
  • 15 units associated with one homeowners’ association

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Dental Office Building Supply Big Box & Wholesale Store Electrical Service Real Estate Agency

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

17
Residential units

Location Intelligence

Trade Area within ½ mile

471
Businesses Nearby

Demographics for 60466, IL

21,904
Population
9,103
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
6.3 sq mi
ZIP Area
3,477
Density / Sq Mi
$63,132
Median Household Income
$40,792
Median Earnings
$1,341
Median Rent
$106,100
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?
Multifamily property - Multifamily condominium portfolio distributed across multiple buildings and two homeowners’ associations.
Where is this multifamily property located?
The property is located at 137 Hemlock Park Forest, IL.
What are key features of this property?
This property features: 17 condominium units across 13 buildings; Consistent two‑bedroom, one‑bathroom unit layout; 15 units associated with one homeowners’ association
More about this property
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