Two-Property Apartment
For Sale
Contact for pricing
205 N Wolcott St, Thornton, IL 60476
Portfolio includes two three-story apartment buildings with 24 total units and 12 off-street parking spaces.
Property Size24,000 SF
Price / SF$129.17
Days on Market225
Property Features for 205 N Wolcott St
General Information
Standard status
Active
Size
24,000 SF
Total Parking Spaces
24
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$225,518
Building Details
Year Built
1972
Buildings
2
Stories
3
Units
24
Listing Agency:
Horvath & Tremblay
Listed By:
Anthony Spangler · License #IL 475173833
(312) 533-8899
Source:
Crexi
Added: Mar 27
Changed: Oct 26
Last Checked: Nov 6 at 6:20AM
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 Horvath & Tremblay
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Investment Insights
Based on property information with market context.
This for-sale multifamily investment portfolio features two three-story apartment buildings totaling 24 units. Across the portfolio, there are sixteen 2-bedroom/1-bath units and eight 1-bedroom/1-bath units. Combined gross living area is reported as 20,000 square feet within 24,000 square feet of gross area. Each property is separately identified as 103 W Eleanor St and 205 N Wolcott St.
The portfolio comprises 0.31 acres of land and includes 12 off-street parking spaces. The asset is positioned in Thornton, Illinois, with connectivity described to major thoroughfares including Interstate 94 (Bishop Ford Freeway), Interstate 80, and Route 1. The Metra Electric District Line is also noted nearby for commuter rail service to downtown Chicago.
At 205 N Wolcott St, the building arrangement is eight 2-bedroom/1-bath units and four 1-bedroom/1-bath units. At 103 W Eleanor St, the building arrangement is eight 2-bedroom/1-bath units and four 1-bedroom/1-bath units, creating an even unit mix across both addresses.
The portfolio comprises 0.31 acres of land and includes 12 off-street parking spaces. The asset is positioned in Thornton, Illinois, with connectivity described to major thoroughfares including Interstate 94 (Bishop Ford Freeway), Interstate 80, and Route 1. The Metra Electric District Line is also noted nearby for commuter rail service to downtown Chicago.
At 205 N Wolcott St, the building arrangement is eight 2-bedroom/1-bath units and four 1-bedroom/1-bath units. At 103 W Eleanor St, the building arrangement is eight 2-bedroom/1-bath units and four 1-bedroom/1-bath units, creating an even unit mix across both addresses.
Key Highlights
- Two three‑story multifamily buildings in Thornton, IL with 24 total units
- Unit mix includes sixteen 2 bed/1 bath and eight 1 bed/1 bath units
- Total gross living area: 20,000 SF in 24,000 SF gross area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$278,420
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,568,400
$5.6M
Cap Rate 7%
$3,977,429
$4.0M
Cap Rate 9%
$3,093,556
$3.1M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$544.3K $22.68/SF
− Vacancy
−$38.1K −$1.59/SF
EGI
$506.2K $21.09/SF
− OpEx
−$227.8K −$9.49/SF
NOI
$278.4K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,568,400
Cap Rate 7%
$3,977,429
Cap Rate 9%
$3,093,556
Alternative Uses
Best Use
Apartment 5plus
$3.98M
$3.48M – $4.64M
NOI $278,420 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.29M
$7.25M – $9.67M
NOI $580,027 @ 7.0% cap · market cap 18.71%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
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Business Placement
Demographics for 60476, IL
2,388
Population
849
Households
2.8
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
3.3 sq mi
ZIP Area
724
Density / Sq Mi
$61,111
Median Household Income
$35,750
Median Earnings
$1,099
Median Rent
$146,600
Median Home Value
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Market
Properties on Market for Apartment buildings in Cook County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio includes two three-story apartment buildings with 24 total units and 12 off-street parking spaces.
Where is this apartment building located?
The property is located at 205 N Wolcott St Thornton, IL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Two three‑story multifamily buildings in Thornton, IL with 24 total units; Unit mix includes sixteen 2 bed/1 bath and eight 1 bed/1 bath units; Total gross living area: 20,000 SF in 24,000 SF gross area
