Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Two Multifamily Buildings Opportunity Title is generated by Realmo AI

    17320 Throop St, Hazel Crest, IL 60429

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two multifamily buildings for sale in Hazel Crest, Illinois.

    Type:Multifamily
    Added:
    Feb 4, 2026
    Days on Market:
    98
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 17320 Throop St

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Dave Shalabi
    Dave Shalabi

    Listing agent Dave Shalabi License #IL 475122242

    Listing office RE/MAX 10

    Listing date Feb 4, 2026

    Source Crexi

    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 RE/MAX 10

    HighLights

    • Two multi‑family buildings offered together.
    • Budget‑friendly price point.
    • High‑demand tenant location.
    • Multiple unit configurations.
    • Value‑add opportunity.
    • Potential for income optimization through renovation.

    Overview

    This is a rare opportunity to acquire two multi-family buildings at a competitive price point. Located in an area with consistent tenant demand, the properties feature multiple unit configurations, offering opportunities for creative renovation and income optimization. The properties require work and are priced accordingly, presenting a value-add opportunity for investors.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hazel Crest
    County
    Cook
    State
    Illinois
    Longitude
    -87.6487855
    Latitude
    41.574645

    Nearby Similar for Sale

    • $200,000
      1,050 SF

      Turnkey Medical Office Opportunity

      Move-in ready medical office suite with included furniture.
      3330 W 177th Street, Hazel Crest, IL 60429
      View Details
    • $400,000

      Medical Office Condo Near Hospital

      First-floor medical office condo across from Advocate South Suburban Hospital.
      3330 W 177th Street, Hazel Crest, IL 60429
      View Details
    • $550,000

      Commercial Space Near Metra Train

      Versatile commercial space near transportation and new arts district.
      1816 170th Street, Hazel Crest, IL 60429
      View Details
    • $800,000
      13,250 SF

      Retail Building on 1.84 Acres

      13,250 SF building on 1.84 acres with high traffic.
      3500 183rd Street, Hazel Crest, IL, 60429
      View Details
    • $350,000
      1,000 SF

      Established Car Dealership For Sale

      Car dealership with real estate and land included in sale.
      17080 Dixie Hwy, Hazel Crest, IL 60429
      View Details
    • $1,835,000
      930 SF

      Hazel Crest Office Space Available

      Well-located office property with recent renovations and ample parking.
      17500-17508 E Carriageway Dr, Hazel Crest, IL
      View Details
    • $220,000
      8,000 SF

      Hazel Crest Commercial Properties Portfolio

      Five commercial properties in Hazel Crest, IL, requiring full renovation.
      16858 Park Ave, Hazel Crest, IL 60429
      View Details
    • $800,000
      13,250 SF

      Hazel Crest Retail Opportunity

      13,250 SF building on 1.84 acres for sale.
      3500 183rd St, Hazel Crest, IL 60429
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Two multifamily buildings for sale in Hazel Crest, Illinois.
    Where is this multifamily property located?
    The property is located at 17320 Throop St Hazel Crest, IL.
    What are key features of this property?
    This property features: Two multi‑family buildings offered together.; Budget‑friendly price point.; High‑demand tenant location.
    (708) 857-1500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dave Shalabi
    Dave Shalabi
    Real Estate License ID: IL 475122242
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    17320 Throop St, Hazel Crest, IL 60429
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!