Building Details

Year Built 1980

Buildings 1

Stories 3

Units 6

Listing Agency: RE/MAX Suburban p***@remax.net Show Phone

Listed By: Pablo Ayala · License #475141844

Source: Crexi

Added: Feb 3 Changed: Aug 30 Last Checked: Aug 31 at 2:14AM

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Investment Insights

Based on property information with market context.

Built in 1980, this six-unit apartment building includes an even mix of three one-bedroom residences and three two-bedroom residences. All units were updated in 2022, and the property includes 12 assigned parking spaces. The building is zoned MULTI and is being offered in as-is condition.

Located at 512 Piper Lane in Prospect Heights, the property is near public transit and shops. Its established unit mix, recent interior updates, and dedicated parking provide a clearly defined multifamily layout for continued residential use.

Key Highlights

• Six‑unit apartment building with three one‑bedroom and three two‑bedroom units
• All units updated in 2022
• 12 assigned parking spaces

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon Law Firm Dental Office Real Estate Agency Spa & Massage Center Restaurant

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

6

Residential units

Location Intelligence

Trade Area within ½ mile

630

Businesses Nearby

Explore this area Business Placement

Demographics for 60070, IL

15,840

Population

6,353

Households

2.5

Avg Household Size

41

Median Age

36%

College-Educated

84%

High-School Grad

4.0 sq mi

ZIP Area

3,960

Density / Sq Mi

$91,210

Median Household Income

$47,929

Median Earnings

$1,391

Median Rent

$343,100

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 - Updated unit interiors and assigned resident parking support a straightforward multifamily configuration.

Where is this apartment building located?

The property is located at 512 Piper Lane Prospect Heights, IL.

What are key features of this property?

This property features: Six‑unit apartment building with three one‑bedroom and three two‑bedroom units; All units updated in 2022; 12 assigned parking spaces