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4-Unit Quadplex
New
For Sale
$429,000

21616 Peterson Avenue, Sauk Village, IL 60411

Separately metered apartments include a studio, one-bedroom residences, and a two-bedroom unit.

Property SizeContact for details
Days on Market3

Property Features for 21616 Peterson Avenue

General Information

Standard status Active
Property subtype Two to Four Units
Occupancy 100%

Units

Unit Mix 1 x 2BR, 2 x 1BR, 1 x studio
Multifamily Units 4
Individually Metered Utilities unspecified utilities

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,482

Amenities

4
Public
2
4180
No
Yes

Building Details

Year Built 1977
Buildings 1
Listing Agency:
Listed By: Thomas Quigley
Source: Michanarealestatesolutions
Added: Oct 29 Changed: Oct 30 Last Checked: Oct 30 at 2:03AM

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 Thomas Quigley

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Investment Insights

Based on property information with market context.

Built in 1977, this four-unit residential property contains one studio, two one-bedroom apartments, and one two-bedroom apartment. Each unit is separately metered, and the property is fully occupied. Electrical, plumbing, and mechanical systems have been updated.

Residents pay their own utility costs; the owner covers real estate taxes, insurance, and water. The current unit mix comprises three apartment configurations within a single quadplex.

Key Highlights

  • Four residential units: one studio, two 1‑bedroom apartments, and one 2‑bedroom apartment
  • Fully occupied
  • Separately metered units

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

167
Businesses Nearby

Demographics for 60411, IL

53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Separately metered apartments include a studio, one-bedroom residences, and a two-bedroom unit.
Where is this quadplex located?
The property is located at 21616 Peterson Avenue Sauk Village, IL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Four residential units: one studio, two 1‑bedroom apartments, and one 2‑bedroom apartment; Fully occupied; Separately metered units
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