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Three-Unit Building with Outdoor Space
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420 24th Avenue, Naplate, IL 61350

Fully occupied triplex with separate utilities, in-unit laundry, assigned parking, and individual heating and cooling systems.

Property SizeContact for details
Days on Market8

Property Features for 420 24th Avenue

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multifamily
Occupancy 100%

Site & Location

Road Access Yes
Utilities to Site Yes

Units

Unit Mix 3 x 2BR/2BA
Multifamily Units 3

Amenities

washer/dryer in each unit
stainless steel appliances

Building Details

Year Built 2021
Buildings 1
Stories 3
Listing Agency: Heritage Select Realty
Listed By: Colleen Burns · License #475203357
Source: Crexi
Added: Aug 26 Changed: Aug 31 Last Checked: Sep 1 at 11:45AM

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 Heritage Select Realty

Investment Insights

Based on property information with market context.

Built in 2021, this three-story triplex contains three substantially similar residences, each offering 1,200 square feet with two bedrooms and two bathrooms. Interior layouts include living rooms, breakfast bars, dining areas, primary bedroom en-suite baths, washer and dryer sets, and stainless-steel appliances. Each residence also has its own heat, air conditioning, water heater, and separately metered utilities, with tenants responsible for all utilities except trash. Unit 1 includes custom shelving, an optional fireplace, and a walk-out porch, while Units 2 and 3 feature large walk-out balconies.

The property is fully occupied, with active leases in Units 2 and 3 and owner occupancy in Unit 1. A concrete driveway leads to a four-car garage, and each residence has designated parking. Additional guest parking is available in front of the building. The property is located at 420 24th Avenue in Naplate, near Starved Rock, Buffalo Rock, and Matthiessen state parks.

Key Highlights

  • 2021 construction with three residences, each offering 1,200 square feet, 2 bedrooms, and 2 bathrooms
  • Fully occupied: Units 2 and 3 are leased, while Unit 1 is owner‑occupied
  • Separate utilities, individual HVAC equipment, and water heaters for each unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Building Supply Auto Repair Shop Storage Facility Garden Center Big Box & Wholesale Store

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

3
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

30
Businesses Nearby

Demographics for 61350, IL

23,997
Population
10,853
Households
2.2
Avg Household Size
43
Median Age
22%
College-Educated
93%
High-School Grad
152.5 sq mi
ZIP Area
157
Density / Sq Mi
$77,562
Median Household Income
$43,042
Median Earnings
$940
Median Rent
$157,100
Median Home Value

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?
Triplex - Fully occupied triplex with separate utilities, in-unit laundry, assigned parking, and individual heating and cooling systems.
Where is this triplex located?
The property is located at 420 24th Avenue Naplate, IL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 2021 construction with three residences, each offering 1,200 square feet, 2 bedrooms, and 2 bathrooms; Fully occupied: Units 2 and 3 are leased, while Unit 1 is owner‑occupied; Separate utilities, individual HVAC equipment, and water heaters for each unit
More about this property
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