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 Market129
Property Features for 205 N Wolcott St
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Multifamily
Building Details
Year Built
1972
Listing Agency:
Horvath & Tremblay
(312) 533-8899
Listed By:
Anthony Spangler · License #IL 475173833
Source:
Crexi
Added: Mar 27
Changed: Jul 22
Last Checked: Aug 1 at 6:28PM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $544.3k | $22.68 |
| − Vacancy | −$38.1k | −$1.59 |
| EGI | $506.2k | $21.09 |
| − OpEx | −$227.8k | −$9.49 |
| NOI | $278.4k | $11.60 |
24,000 SF · lease $22.68/SF/yr · vacancy 7.00% · expense 45.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
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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
