611 E 151st St Phoenix, IL 60426
16-unit apartment complex with remodeled units and management in place.
Type:Multifamily
Property size:
8,400 SF- Added:
- Jun 25, 2024
- Days on Market:
- 664
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 611 E 151st St
General Information
- Standard status
- Active
- Size
- 8,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing agent James Clough License #IL - 475.147791
Listing office Real Realty Inc.
Listing date Jun 25, 2024
Source Crexi
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 Real Realty Inc.
Overview
Phoenix, IL 16-Unit Apartment Complex
This 16-unit apartment complex is located off 151st Street in Phoenix, IL. The property features a mix of 8 studio units and 8 one-bedroom units. Construction is brick and flexicore. Heating is provided by 4 newer Peerless hot-water boilers. Sleeve A/C units, provided by tenants, cool the apartments. Recent improvements include newly painted hallways and carpeting. Eleven of the sixteen apartments have been fully remodeled. Remodeled apartments are renting for over $150 more than non-renovated apartments. The property size is 8,400 square feet. Due to the AHSAP incentive, the assessed value of this property per the assessor valuation has been reduced from 42,013 to 28,176, which equates to estimated taxes of $29,418 based on the current tax rate and equalization factor. The current management company is available to stay on and manage for a new owner.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Cook
- State
- Illinois
- Longitude
- -87.6332565
- Latitude
- 41.6151278
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 16-unit apartment complex with remodeled units and management in place.
Where is this apartment building located?
The property is located at 611 E 151st St Phoenix, IL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 11 of 16 units are fully remodeled, commanding $150+ higher rent; Reduced assessed value due to AHSAP incentive, resulting in lower property taxes; Mix of studio and one‑bedroom units (8 of each)
