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Renovated 6-Unit Apartment Building
New
For Sale
$850,000

3001 Prairie Street, Franklin Park, IL 60131

Renovated one-bedroom units with assigned parking and upgraded building systems support a streamlined multifamily offering.

Property SizeContact for details
Days on Market4

Property Features for 3001 Prairie Street

General Information

Standard status Active
Total Parking Spaces 6
Property subtype MULTI_FAMILY

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 6 x 1BR
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $15,838

Building Details

Year Built 1962
Buildings 1
Listing Agency: Flats, LLC
Listed By: Melissa Morgan · License #475165598
Source: Dawnmckennagroup
Added: Sep 21 Changed: Sep 23 Last Checked: Sep 23 at 2:54AM

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 Flats, LLC

Investment Insights

Based on property information with market context.

Built in 1962, this six-unit apartment property is configured entirely with one-bedroom residences. Interior upgrades include granite countertops, replacement cabinetry, and dishwashers in every unit. Building improvements include a silver-coated roof completed in 2025, upgraded electrical service, and a new hot water heater and boiler. Six assigned parking spaces are included.

The property is positioned near Grand Ave and Mannheim Rd, with Starbucks, Jewel-Osco, and Chipotle Mexican Grill among the nearby retail and dining options. Mannheim Metra Station and I-294 provide regional transportation access, while O'Hare International Airport is less than a 10-minute drive away.

Key Highlights

  • Six‑unit apartment building with an all one‑bedroom unit mix
  • All units recently renovated with granite countertops, new cabinets, and dishwashers
  • Roof received a silver coating in 2025

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center (Bike/Boat/Book/etc) Store Skin Care Clinic

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

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

769
Businesses Nearby

Demographics for 60131, IL

18,205
Population
6,120
Households
3
Avg Household Size
39
Median Age
19%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
3,371
Density / Sq Mi
$76,404
Median Household Income
$39,117
Median Earnings
$1,092
Median Rent
$261,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated one-bedroom units with assigned parking and upgraded building systems support a streamlined multifamily offering.
Where is this apartment building located?
The property is located at 3001 Prairie Street Franklin Park, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Six‑unit apartment building with an all one‑bedroom unit mix; All units recently renovated with granite countertops, new cabinets, and dishwashers; Roof received a silver coating in 2025
More about this property
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