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13-Unit Apartment Buildings
For Sale
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Pending

15737-15741 Thomas Lane, Oak Forest, IL 60452

Two-building multifamily property with deeded garage parking, on-site laundry, and boiler heating systems.

Property SizeContact for details
Days on Market141

Property Features for 15737-15741 Thomas Lane

General Information

Standard status Pending
Total Parking Spaces 12
Property subtype Multifamily

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 11 x 2BD/1BA, 2 x 1BD/1BA
Multifamily Units 13

Additional Details

Average Monthly Rent $1,480

Amenities

laundry rooms

Building Details

Buildings 2
Listing Agency: Kiser Group
Listed By: John George · License #IL
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 29 at 8:13PM

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 Kiser Group

Investment Insights

Based on property information with market context.

This 13-unit multifamily property comprises two apartment buildings with a mix of eleven 2BD/1BA residences and two 1BD/1BA residences. Each building includes a laundry room, while modern boiler systems provide heating throughout the property. Two deeded parking garages add 12 spaces for residents.

Located in Oak Forest, IL, the property is 24 miles southwest of downtown Chicago and offers access to highways and public transportation. The surrounding area includes residential neighborhoods, commercial districts, and green spaces. The property carries a proforma cap rate of 8.56%.

Key Highlights

  • 13‑unit apartment property with eleven 2BD/1BA and two 1BD/1BA units
  • Two deeded parking garages provide 12 spaces
  • Laundry rooms located in both buildings

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Electrical Service Furniture & Home Goods Daycare Center Barber Shop

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

13
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

469
Businesses Nearby

Demographics for 60452, IL

27,363
Population
10,557
Households
2.6
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$89,167
Median Household Income
$47,519
Median Earnings
$1,287
Median Rent
$249,100
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 - Two-building multifamily property with deeded garage parking, on-site laundry, and boiler heating systems.
Where is this apartment building located?
The property is located at 15737-15741 Thomas Lane Oak Forest, IL.
What are key features of this property?
This property features: 13‑unit apartment property with eleven 2BD/1BA and two 1BD/1BA units; Two deeded parking garages provide 12 spaces; Laundry rooms located in both buildings
More about this property
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