Search
Oakwood Manor Apartment Building
For Sale
Contact for pricing

23453 S Western Avenue, Park Forest, IL 60466

Three-story multifamily property with 36 one-bedroom units, resident patios or balconies, and on-site parking.

Property SizeContact for details
Days on Market144

Property Features for 23453 S Western Avenue

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 36 x 1BR/1BA
Multifamily Units 36

Additional Details

Utilities to Site Yes

Amenities

laundry
patio or balcony

Building Details

Buildings 1
Stories 3
Construction garden-style
Listing Agency: SVN | Chicago Commercial
Listed By: Nick Manganais · License #IL 471.006214
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 31 at 1:49AM

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

Oakwood Manor is a three-story apartment property comprising 36 one-bedroom, one-bath residences, each measuring 770 square feet. The building is organized into three 12-unit sections, with a dedicated front vestibule and separate laundry and boiler areas serving each section. Every residence includes a patio or balcony, gas range and oven, upright refrigerator, dishwasher, and through-wall electric air conditioning.

The landlord provides heat through hot-water baseboard systems, gas for cooking, hot water, and water; residents pay for electricity. On-site parking serves the building, and the lot is well lighted. Three owner-owned washers and dryers are available on the property.

A complete roof tear-off and replacement was completed in 2011 with a 30-year warranty roof system. The exterior was repainted in 2016. The property is located at 23453 S Western Avenue in Park Forest, Illinois.

Key Highlights

  • 36 one‑bedroom, one‑bath units, each measuring 770 Sq. Ft.
  • Three 12‑unit sections with separate front vestibules, laundry areas, and boiler rooms
  • Every unit includes a patio or balcony, dishwasher, gas range, and upright refrigerator

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

36
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

78
Businesses Nearby

Demographics for 60466, IL

21,904
Population
9,103
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
6.3 sq mi
ZIP Area
3,477
Density / Sq Mi
$63,132
Median Household Income
$40,792
Median Earnings
$1,341
Median Rent
$106,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Three-story multifamily property with 36 one-bedroom units, resident patios or balconies, and on-site parking.
Where is this apartment building located?
The property is located at 23453 S Western Avenue Park Forest, IL.
What are key features of this property?
This property features: 36 one‑bedroom, one‑bath units, each measuring 770 Sq. Ft.; Three 12‑unit sections with separate front vestibules, laundry areas, and boiler rooms; Every unit includes a patio or balcony, dishwasher, gas range, and upright refrigerator
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