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8-Unit Apartment Building
For Sale
Contact for pricing
Pending

150 Meadows Road North, Bourbonnais, IL 60914

Fully leased multifamily property with renovated units and updated common hallways.

Property SizeContact for details
Days on Market142

Property Features for 150 Meadows Road North

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 8
Listing Agency: McColly Bennett Commercial Valparaiso
Listed By: Jason Markowicz · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 12:13AM

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 McColly Bennett Commercial Valparaiso

Investment Insights

Based on property information with market context.

This 8-unit apartment building offers an income-producing multifamily configuration with all units currently leased. Four units have undergone updates or remodeling, and the interior hallways have also been refreshed, providing a mix of improved residences and updated common areas.

The property is located at 150 Meadows Road North in Bourbonnais, Illinois, just off Rt. 45. It sits approximately 50 miles south of Chicago, a few miles north of the Bradley/Bourbonnais I-57 Interchange, and south of the newer I-57 interchange at Bourbonnais Parkway. The location provides access to established regional routes and nearby interstate connections.

Key Highlights

  • 8‑unit apartment building at 150 Meadows Road North, Bourbonnais, IL 60914
  • 100% leased
  • 4 units updated or remodeled

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Garden Center Electrical Service Daycare Center Locksmith

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

8
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

818
Businesses Nearby

Demographics for 60914, IL

28,894
Population
10,763
Households
2.7
Avg Household Size
36
Median Age
32%
College-Educated
95%
High-School Grad
48.9 sq mi
ZIP Area
591
Density / Sq Mi
$88,688
Median Household Income
$42,150
Median Earnings
$1,206
Median Rent
$240,500
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 - Fully leased multifamily property with renovated units and updated common hallways.
Where is this apartment building located?
The property is located at 150 Meadows Road North Bourbonnais, IL.
What are key features of this property?
This property features: 8‑unit apartment building at 150 Meadows Road North, Bourbonnais, IL 60914; 100% leased; 4 units updated or remodeled
More about this property
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