Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14613 Keystone Avenue Midlothian, IL 60445

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $629,900

    Fully occupied six-unit building near Metra and shopping centers.

    Type:Multi Family 5+ / Hi-Rise
    Added:
    Sep 28, 2025
    Days on Market:
    204
    Last Refresh:
    Mar 13 at 7:05 pm

    Property Features for 14613 Keystone Avenue

    General Information

    Standard status
    Active
    Property subtype
    Multi Family 5+ / Hi-Rise

    Building Details

    Year Built
    1962

    We can help!

    Listing Contact
    Marek Prus

    Listing agent Marek Prus License #475122834

    Listing office RE/MAX City

    Listing date Sep 28, 2025

    Source Compass

    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 RE/MAX City

    Overview

    Six-Unit Brick Apartment Building

    This is a six-unit brick building, fully occupied and generating cash flow. The unit mix includes five two-bedroom, one-bath units and one one-bedroom, one-bath unit. Parking is available at the rear of the building, with additional parking spaces at the front. The property is located close to Metra and shopping centers.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Cook
    State
    Illinois
    Longitude
    -87.7186296
    Latitude
    41.6269011

    Nearby Similar for Sale

    • $319,900

      Updated Mixed-Use Building in Midlothian

      Updated mixed-use building in the heart of Midlothian business district.
      4039 147th Street, Midlothian, IL 60445
      View Details
    • $495,000

      Free-Standing Commercial Building For Sale

      High-visibility commercial building suitable for retail, office, medical, or showroom.
      14721-25 Kilbourne Avenue, Midlothian, IL 60445
      View Details
    • $155,000

      Midlothian Commercial District Office

      Medical office in the heart of Midlothian's commercial district.
      4417 147th Street, Midlothian, IL 60445
      View Details
    • $639,900

      Midlothian Multifamily Investment Opportunity

      Six-unit brick building, fully occupied, great location near Metra.
      14613 Keystone Avenue, Midlothian, IL 60445
      View Details
    • $90,000

      Established Tailor Business Opportunity

      Turnkey tailor and seamstress business with equipment and client list.
      3921 147th Street, Midlothian, IL 60445
      View Details
    • $429,000

      Midlothian Car Wash For Sale

      Updated car wash facility on a busy traffic corridor.
      14510 Pulaski Road, Midlothian, IL 60445
      View Details
    • $495,000

      Free-Standing Commercial Building For Sale

      High-visibility commercial building suitable for retail, office, medical, showroom.
      14721-25 Kilbourne Avenue, Midlothian, IL 60445
      View Details
    • $2,500,000
      3,000 SF

      NNN Leased Take 5 Oil

      NNN leased Take 5 Oil investment property for sale.
      14701 S Cicero Ave, Midlothian, IL 60445
      View Details
    • $155,000
      912 SF

      Midlothian Commercial District Medical Office

      Medical office in Midlothian's commercial district with ample parking.
      4417 147th Street, Midlothian, IL 60445
      View Details
    • Contact for pricing
      30,604 SF

      Retail Property on Cicero Avenue

      Retail property with high visibility and convenient highway access.
      14633 Cicero Ave, Midlothian, IL
      View Details
    • $1,885,000
      13,400 SF

      Midlothian Multifamily Investment Opportunity

      Portfolio of three six-unit buildings near Keystone Avenue.
      14618 Keystone Ave, Midlothian, IL 60445
      View Details
    • $459,900
      2,850 SF

      Updated Mixed-Use Building in Midlothian

      Updated mixed-use building in Midlothian's business district, fully leased.
      4039 147th St, Midlothian, IL 60445
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully occupied six-unit building near Metra and shopping centers.
    Where is this apartment building located?
    The property is located at 14613 Keystone Avenue Midlothian, IL.
    What is the asking price?
    The asking price for this property is $629,900.
    What are key features of this property?
    This property features: Fully occupied 6‑unit brick building provides immediate cash flow.; Five 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit.; Parking available in the rear of the building.
    (773) 719-2071
    We can help!
    Listing Contact
    Marek Prus
    Real Estate License ID: 475122834
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!