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Single-Story 5-Unit Apartment Building
For Sale
$122,999
Pending

15731 Lexington Avenue, Harvey, IL 60426

Brick multifamily property with individually controlled heating and cooling for each residence and rear parking spaces.

Property SizeContact for details
Days on Market210

Property Features for 15731 Lexington Avenue

General Information

Standard status Pending
Property subtype Multi Family 5+ / Multi Family 5+-Garden Complex
Net Operating Income $3,002

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $8,880

Building Details

Year Built 1961
Stories 1
Construction brick
Listing Agency: Rose Realty Group
Listed By: Jason Wilkins · License #471014528
Source: Compass
Added: Mar 24 Changed: Oct 4 Last Checked: Oct 16 at 10:46AM

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 Rose Realty Group

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Investment Insights

Based on property information with market context.

Built in 1961, this brick apartment property contains five residences in a single-story layout. Each unit has its own heating and cooling system, allowing the residences to be managed with separate climate controls. The building also includes parking at the rear.

Four units are occupied, while one unit is vacant and described as near lease-ready condition. The property is located at 15731 Lexington Avenue in Harvey, Illinois, and offers a compact multifamily configuration with straightforward horizontal access throughout the building.

Key Highlights

  • Five‑unit brick apartment building with single‑story construction
  • Four units occupied; one unit vacant and near lease‑ready condition
  • Individual heating and cooling systems serve each unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Big Box & Wholesale Store Kitchen & Bath Showroom Bakery

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

854
Businesses Nearby

Demographics for 60426, IL

24,114
Population
10,870
Households
2.2
Avg Household Size
37
Median Age
10%
College-Educated
77%
High-School Grad
7.7 sq mi
ZIP Area
3,132
Density / Sq Mi
$40,995
Median Household Income
$29,712
Median Earnings
$987
Median Rent
$88,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Brick multifamily property with individually controlled heating and cooling for each residence and rear parking spaces.
Where is this apartment building located?
The property is located at 15731 Lexington Avenue Harvey, IL.
What is the asking price?
The asking price for this property is $122,999.
What are key features of this property?
This property features: Five‑unit brick apartment building with single‑story construction; Four units occupied; one unit vacant and near lease‑ready condition; Individual heating and cooling systems serve each unit
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