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All-Brick Apartment Building with 6 Units
For Sale
$499,900

15312 MARTIN LUTHER KING JR Drive, Dolton, IL 60419

Commercial Sale, Dolton, IL

Property SizeContact for details
Lot Size0.16 Acres
Days on Market33

Property Features for 15312 MARTIN LUTHER KING JR Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 12
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 5, Bathroom 5, Bedroom 9, Bedroom 2, Bathroom 1, Bedroom 11, Bathroom 6, Bathroom 2, Basement, Bedroom 12, Bedroom 10, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 6, Bathroom 4
Basement Partially Finished
Directions 147TH STREET EAST OR WEST TO MARTIN LUTHER KIN JR DRIVE SOUTH TO ADDRESS
Subdivision Dolton
Standard status Active
APN 29103110270000
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 17044

Utilities

Cooling system Window Unit(s)

Amenities

private balcony
basement storage

Building Details

Year built 1971
Floors in Building 3
Number of units 6
Building materials Brick
Listing Agency: Real People Realty
Listed By: Adrianne Hill-Smith · License #475141536
Added: Jul 19 Changed: Aug 20 Last Checked: Aug 20 at 9:06AM
MLS# 12709843

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This all-brick apartment building includes six two-bedroom units with large living rooms and private balconies. Each unit has a large eat-in kitchen, and the building provides both front and back entrances. Unit-level storage is included with storage units in the basement. Building cooling is provided by window unit(s).

The property also supports on-site laundry with income potential for coin-op laundry. Parking is provided in both the front and rear of the property.

The basement includes a boiler, hot water tank, an electrical panel, and plenty of extra storage. The building was built in 1971 and is being sold as-is with long-term month-to-month tenants.

Key Highlights

  • Six two‑bedroom units with large living rooms and private balconies
  • All‑brick building on 0.16 acres, zoned MULTI
  • Coin‑op laundry on site

Property Analytics

Current Use

Apartment buildings

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

434
Businesses Nearby

Demographics for 60419, IL

21,409
Population
9,006
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
4.2 sq mi
ZIP Area
5,097
Density / Sq Mi
$58,706
Median Household Income
$38,841
Median Earnings
$1,399
Median Rent
$140,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 1971 all-brick multifamily on 0.16 acres zoned MULTI, featuring six 2-bedroom units with private balconies and coin-op laundry.
Where is this apartment building located?
The property is located at 15312 MARTIN LUTHER KING JR Drive Dolton, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Six two‑bedroom units with large living rooms and private balconies; All‑brick building on 0.16 acres, zoned MULTI; Coin‑op laundry on site
More about this property
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