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16-Unit Apartment Building Package
For Sale
Contact for pricing
Pending

501-504 N Washington Avenue, Bradley, IL 60915

Two-story apartment buildings feature private entrances and laundry facilities within each residence.

Property SizeContact for details
Days on Market299

Property Features for 501-504 N Washington Avenue

General Information

Standard status Pending
Property subtype Multifamily
Zoning MULTI
Occupancy 100%

Units

Unit Mix 16 x 2BR/1.5BA
Multifamily Units 16

Amenities

laundry in each unit

Building Details

Year Built 1981
Buildings 4
Stories 2
Units 16
Listing Agency: McColly Rosenboom Commercial Bourbonnais
Listed By: Kelly Winterroth · License #IL 475123080
Source: Crexi
Added: Nov 10, 2025 Changed: Sep 2 Last Checked: Sep 2 at 9:34AM

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 McColly Rosenboom Commercial Bourbonnais

Investment Insights

Based on property information with market context.

This multifamily property includes a 16-unit package across four buildings constructed in 1981. Each residence is two stories with two bedrooms, 1 1/2 baths, a private front entry, and laundry facilities within the unit. The property carries MULTI zoning and is fully occupied.

Located at 501-504 N Washington Avenue in Bradley, Illinois 60915, the property includes a utility arrangement under which tenants pay electric and water. The configuration combines individually accessed residences with consistent unit layouts across the four-building package.

Key Highlights

  • 16‑unit multifamily package across 4 buildings
  • Each unit offers 2 bedrooms and 1 1/2 baths
  • Two‑story residences with individual front doors

Property Analytics

Current Use

Washington & North Apt Apartment Building

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy Cafe & Coffee Shop Hotel & Motel

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

16
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

530
Businesses Nearby

Demographics for 60915, IL

10,128
Population
4,274
Households
2.4
Avg Household Size
38
Median Age
9%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
2,979
Density / Sq Mi
$55,773
Median Household Income
$37,979
Median Earnings
$1,106
Median Rent
$143,100
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?
Apartment building - Two-story apartment buildings feature private entrances and laundry facilities within each residence.
Where is this apartment building located?
The property is located at 501-504 N Washington Avenue Bradley, IL.
What are key features of this property?
This property features: 16‑unit multifamily package across 4 buildings; Each unit offers 2 bedrooms and 1 1/2 baths; Two‑story residences with individual front doors
(815) 549-0848 Call to check price and availability
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