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Brick Multi-Unit with Parking
For Sale
Contact for pricing
Pending

489 Hickory Street, Chicago Heights, IL 60411

Well-maintained four-unit brick building with updated units, in-unit laundry, separate furnaces, and tenant-paid utilities.

Property SizeContact for details
Days on Market175

Property Features for 489 Hickory Street

General Information

Standard status Pending
Property subtype Multifamily
Zoning MULTI

Additional Details

Highway Access Yes
Multifamily Units 4

Amenities

in-unit washers/dryers
parking area
mature trees
greenspace

Building Details

Year Built 1961
Construction brick
Tenancy Multi
Listing Agency: Keller Williams Preferred Realty
Listed By: Anthony Lucio · License #475165960
Source: Crexi
Added: Mar 18 Changed: Aug 8 Last Checked: Jul 24 at 10:34AM

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 Keller Williams Preferred Realty

Investment Insights

Based on property information with market context.

This well-maintained brick multi-unit property consists of four updated units. Each unit features three bedrooms and 1.5 bathrooms, with in-unit washer/dryer hookups, separate furnaces, and in-unit water heaters. The property includes several recent improvements, including a newer roof, newer windows, and newer mechanicals.

The building has a dedicated parking area for tenants and guests on a large lot with mature trees and greenspace. The surrounding area offers access to shopping, dining, parks, schools, and public transportation.

Tenants are responsible for all utilities. This configuration supports straightforward operations for a residential income buyer seeking a primarily updated multi-unit asset.

Key Highlights

  • 1961 brick four‑unit building with 4 updated units in Chicago Heights
  • Each unit offers 3 bedrooms and 1.5 bathrooms
  • In‑unit washer/dryer included in each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Kitchen & Bath Showroom

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

4
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

401
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Well-maintained four-unit brick building with updated units, in-unit laundry, separate furnaces, and tenant-paid utilities.
Where is this quadplex located?
The property is located at 489 Hickory Street Chicago Heights, IL.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1961 brick four‑unit building with 4 updated units in Chicago Heights; Each unit offers 3 bedrooms and 1.5 bathrooms; In‑unit washer/dryer included in each unit
(773) 934-1094 Call to check price and availability
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