14618 Keystone Ave, Midlothian, IL 60445
Portfolio of three six-unit buildings near Keystone Avenue.
- Added:
- Aug 15, 2025
- Days on Market:
- 316
- Last Refresh:
- Mar 17 at 1:21 pm
Property Features for 14618 Keystone Ave
General Information
- Standard status
- Active
- Size
- 13,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing office Real Realty Inc.
Listing date Aug 15, 2025
Source Crexi
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 Real Realty Inc.
HighLights
- Portfolio of three 6‑unit buildings.
- Opportunity to increase revenue by remodeling remaining units.
- Remodeled units achieve significantly higher rents ($150+ for 1‑bedroom, $250+ for 2‑bedroom).
- Mix of one and two‑bedroom units in each building.
- Tenants pay for electricity.
- Located off Keystone Avenue in Midlothian, IL.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $303.9k | $22.68 |
| − Vacancy | −$21.3k | −$1.59 |
| EGI | $282.6k | $21.09 |
| − OpEx | −$127.2k | −$9.49 |
| NOI | $155.5k | $11.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Midlothian
- County
- Cook
- State
- Illinois
- Longitude
- -87.7192942
- Latitude
- 41.6267745
