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Brick Four-Unit Multifamily Building
For Sale
Under Contract
$370,000

489 Hickory Street, Chicago Heights, IL 60411

MULTI_FAMILY - Chicago Heights, IL

Property SizeContact for details
Lot Size0.08 Acres
Days on Market143

Property Features for 489 Hickory Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 12
Bathrooms 8
Full bathrooms 4
Half bathrooms 4
Rooms Bedroom 10, Bathroom 6, Bedroom 6, Bedroom 2, Bedroom 3, Bedroom 11, Bathroom 4, Bedroom 12, Bathroom 8, Bathroom 3, Bathroom 5, Bedroom 1, Bathroom 1, Bedroom 9, Bedroom 4, Bathroom 7, Bathroom 2, Bedroom 8, Bedroom 5, Bedroom 7
Parking 6
Parking features Off Street, Owned, Assigned
Elementary school district 170
Middle school district 170
High school district 206
Directions Lincoln Highway to Division St, south 6 blocks to Hickory, east to 1st building on left
Subdivision Chicago Heights
Standard status Active Under Contract
APN 32194200330000
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 19997

Utilities

Sewer type Public Sewer
Heating system Forced Air, Steam, Natural Gas
Water source Public

Building Details

Year built 1961
Building materials Brick, Frame
Listing Agency: Keller Williams Preferred Realty · Keller Williams Realty
Listed By: Anthony Lucio · License #475165960
Added: Mar 18 Changed: Aug 1 Last Checked: Aug 7 at 4:06PM
MLS# 12596203

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Brick and frame four-unit multifamily building built in 1961. The property is described as well maintained with four updated units. Each unit features three bedrooms and 1.5 bathrooms, along with in-unit washer and dryer. Heating and domestic hot water are described as separated per unit, with furnaces in-unit and newer water heaters also in-unit.

The exterior and key components are described as newer, including the roof, windows, and mechanicals. Tenants pay all utilities. Off-street parking is offered with owned assigned spaces for tenants and guests, set on a large lot with mature trees and greenspace.

The property is in Chicago Heights, and the remarks describe it as close to shopping, dining, parks, schools, and public transportation. I-57 is minutes to the West and IL-394 is minutes to the East.

Key Highlights

  • Four updated units in a brick and frame multifamily building built in 1961
  • Each unit offers three bedrooms and 1.5 bathrooms with in‑unit washers/dryers
  • Furnaces and water heaters are separated and located in‑unit for each unit

Property Analytics

Current Use

Multifamily properties

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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Brick four-unit building with in-unit laundry, separate heating and water systems, and tenant-paid utilities.
Where is this multifamily property 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: Four updated units in a brick and frame multifamily building built in 1961; Each unit offers three bedrooms and 1.5 bathrooms with in‑unit washers/dryers; Furnaces and water heaters are separated and located in‑unit for each unit
More about this property
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