Three-Unit Residential Income
For Sale
$166,900
154 22nd Street, Chicago Heights, IL 60411
Three-unit building sold fully rented, offering immediate rental income potential for an investor buyer.
Property Size6,200 SF
Price / SF$26.92
Days on Market86
Property Features for 154 22nd Street
General Information
Standard status
Active
Size
6,200 SF
Zoning
MULTI
Occupancy
100%
Net Operating Income
$20,584
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,352
Building Details
Year Built
1906
Stories
2
Tenancy
Multi
Listing Agency:
Choice Realty Group Inc.
(847) 912-1592
Listed By:
David Williamson · License #471010481
(847) 912-1592
Source:
Compass
Added: May 28
Changed: Aug 9
Last Checked: Aug 7 at 8:20AM
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 Choice Realty Group Inc.
Investment Insights
Based on property information with market context.
This three-unit residential income property is a triplex configuration and is currently fully rented. The building is described as well cared for, and it is being sold in as-is condition. No survey is provided, and the buyer is responsible for all Chicago Heights inspection and repairs.
The property is located at 154 22nd Street in Chicago Heights, Illinois. Prospective buyers should plan for due diligence and any required improvements following inspection, as the seller is not providing a survey and repairs are the responsibility of the purchaser.
For investors seeking a small multifamily asset, the fully rented status is a key factor in underwriting and planning. The as-is sales terms and inspection/repair responsibilities should be considered when evaluating total acquisition and readiness costs. This is a straightforward option for buyers who want to purchase a three-unit building and take over management with tenants already in place, subject to their own verification through inspection.
The property is located at 154 22nd Street in Chicago Heights, Illinois. Prospective buyers should plan for due diligence and any required improvements following inspection, as the seller is not providing a survey and repairs are the responsibility of the purchaser.
For investors seeking a small multifamily asset, the fully rented status is a key factor in underwriting and planning. The as-is sales terms and inspection/repair responsibilities should be considered when evaluating total acquisition and readiness costs. This is a straightforward option for buyers who want to purchase a three-unit building and take over management with tenants already in place, subject to their own verification through inspection.
Key Highlights
- Three‑unit building built in 1906
- Sold fully rented, with tenants in place for immediate rental income
- Buyer is responsible for all Chicago Heights inspection and repairs
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
Business Placement
Demographics for 60411, IL
53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit building sold fully rented, offering immediate rental income potential for an investor buyer.
Where is this triplex located?
The property is located at 154 22nd Street Chicago Heights, IL.
What is the asking price?
The asking price for this property is $166,900.
What are key features of this property?
This property features: Three‑unit building built in 1906; Sold fully rented, with tenants in place for immediate rental income; Buyer is responsible for all Chicago Heights inspection and repairs
