Two-Story Apartment
For Sale
Contact for pricing
501 Chicago Rd, Thornton, IL 60476
Multifamily property offering studio, one-bedroom, and two-bedroom residences with on-site parking.
Property Size34,000 SF
Price / SF$94.12
Days on Market158
Property Features for 501 Chicago Rd
General Information
Standard status
Active
Size
34,000 SF
Total Parking Spaces
50
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$270,764
Building Details
Year Built
1964
Buildings
2
Stories
3
Units
34
Listing Agency:
Horvath & Tremblay
(312) 533-8899
Listed By:
Anthony Spangler · License #IL 475173833
Source:
Crexi
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 3:08AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
This two-story apartment property contains 34 units across a mix of nine two-bedroom/one-bath residences, 21 one-bedroom/one-bath residences, and four studios. The building was constructed in 1964 and occupies a 1.00-acre parcel with 50 off-street parking spaces.
Located at 501 Chicago Road in Thornton, the property sits along U.S. Route 41, a north-south corridor through the southern Chicago suburbs. Nearby Interstate 94 and Interstate 80 provide regional routes toward downtown Chicago, Cook County employment centers, and neighboring Indiana.
Located at 501 Chicago Road in Thornton, the property sits along U.S. Route 41, a north-south corridor through the southern Chicago suburbs. Nearby Interstate 94 and Interstate 80 provide regional routes toward downtown Chicago, Cook County employment centers, and neighboring Indiana.
Key Highlights
- 34‑unit apartment building on a 1.00‑acre parcel
- Unit mix includes 9 two‑bedroom, 21 one‑bedroom, and 4 studio units
- 50 off‑street parking spaces
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 60476, IL
2,388
Population
849
Households
2.8
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
3.3 sq mi
ZIP Area
724
Density / Sq Mi
$61,111
Median Household Income
$35,750
Median Earnings
$1,099
Median Rent
$146,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property offering studio, one-bedroom, and two-bedroom residences with on-site parking.
Where is this apartment building located?
The property is located at 501 Chicago Rd Thornton, IL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 34‑unit apartment building on a 1.00‑acre parcel; Unit mix includes 9 two‑bedroom, 21 one‑bedroom, and 4 studio units; 50 off‑street parking spaces
