Six-Unit Apartment
For Sale
$775,000
536 Schroeder Avenue, Peotone, IL 60468
Commercial Sale, Peotone, IL
Property SizeContact for details
Lot Size0.30 Acres
Days on Market231
Property Features for 536 Schroeder Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 12, Bathroom 5, Bedroom 7, Bathroom 3, Bathroom 6, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 8, Bedroom 9, Bedroom 11, Bedroom 1, Bedroom 10, Bedroom 3, Bedroom 2
Directions
South on I-57, left off highway onto Wilmington Rd, left on Schroeder, property is on the left.
Subdivision
Peotone
Standard status
Active
APN
1720244110121001
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10233
Amenities
common laundry area
parking
Building Details
Year built
1970
Floors in Building
2
Number of units
6
Listing Agency:
Coldwell Banker Real Estate Group
(708) 301-4700
Listed By:
Michelle Ward · License #475175374
(815) 553-2411
Added: Feb 7
Changed: Sep 20
Last Checked: Sep 26 at 12:06PM
MLS# 12563055
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.
This 6-unit apartment building includes six two-bedroom, one-bath residences. Three apartments have remodeled kitchens, bathrooms, and new LVP flooring, while another unit has new flooring. A remodeled common laundry area serves the building, which also provides on-site parking. Building systems include a central boiler and one hot water tank.
The property occupies 0.3 acres at 536 Schroeder Avenue in Peotone, Illinois. The roof and supporting structure received a complete tear-off in 2023. The building was constructed in 1970 and is fully leased, with access to I-57 and Route 50 for regional travel.
The property occupies 0.3 acres at 536 Schroeder Avenue in Peotone, Illinois. The roof and supporting structure received a complete tear-off in 2023. The building was constructed in 1970 and is fully leased, with access to I-57 and Route 50 for regional travel.
Key Highlights
- 6‑unit apartment building with six 2‑bedroom, 1‑bath units
- Three units remodeled with new kitchens, bathrooms, and LVP flooring
- Complete roof and structure tear‑off completed in 2023
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 60468, IL
6,112
Population
2,329
Households
2.6
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
69.6 sq mi
ZIP Area
88
Density / Sq Mi
$101,618
Median Household Income
$44,625
Median Earnings
$1,102
Median Rent
$282,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased property with remodeled common laundry and access to I-57 and Route 50.
Where is this apartment building located?
The property is located at 536 Schroeder Avenue Peotone, IL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 6‑unit apartment building with six 2‑bedroom, 1‑bath units; Three units remodeled with new kitchens, bathrooms, and LVP flooring; Complete roof and structure tear‑off completed in 2023
