10-Unit Apartment
New
For Sale
$3,500,000
1720 MAGNOLIA Drive, Chatham, IL 62629
Commercial Sale, Chatham, IL
Property SizeContact for details
Days on Market3
Property Features for 1720 MAGNOLIA Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
.
Directions
Take Gordon Dr. in Chatham to Magnolia Dr. and turn west on to Magnolia.
Standard status
Active
APN
29-08.0-106-004
Taxes and HOA fees
Tax Year
2025
Tax Description
L 98B WELLINGTON EST 1ST ADDN (37,125 SQ FT) 8-14-5.
Tax Annual Amount
2400
Legal Description
L 98B WELLINGTON EST 1ST ADDN (37,125 SQ FT) 8-14-5.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
1
Number of units
10
Flooring type
Concrete, Tile
Building materials
Brick, Vinyl Siding, Frame
Roof type
Composition
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Krystal K Buscher · License #475142742
(217) 553-9280
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 5:06AM
MLS# CA1047084
Copyright © 2026 RMLS Alliance. 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 under-construction apartment property comprises 10 condominium units in four buildings, with the final building currently underway. Each residence has two bedrooms, two full bathrooms, and a two-car garage. Interior plans include open living and dining areas, kitchens with islands and pantries, and a laundry room beside the primary closet. Primary suites feature walk-in closets and double-sink vanities. Covered patios extend from the rear of each unit.
The units share a consistent floor plan and are part of one condominium association. Construction materials include brick, vinyl siding, and frame; heating is forced air, and cooling is central air. Public sewer serves the property.
The units share a consistent floor plan and are part of one condominium association. Construction materials include brick, vinyl siding, and frame; heating is forced air, and cooling is central air. Public sewer serves the property.
Key Highlights
- 10 condominium units across four buildings
- Each unit has 2 bedrooms, 2 full bathrooms, and a 2‑car garage
- Construction is underway, with the final building in progress
Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 62629, IL
15,255
Population
6,160
Households
2.5
Avg Household Size
37
Median Age
50%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
437
Density / Sq Mi
$106,373
Median Household Income
$60,951
Median Earnings
$1,159
Median Rent
$232,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four residential buildings are being developed with repeatable two-bedroom, two-bathroom layouts and attached two-car garages.
Where is this apartment building located?
The property is located at 1720 MAGNOLIA Drive Chatham, IL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 10 condominium units across four buildings; Each unit has 2 bedrooms, 2 full bathrooms, and a 2‑car garage; Construction is underway, with the final building in progress
