Search
Six-Unit Brick Apartment Building
For Sale
Contact for pricing
Pending

7920 S 83rd Avenue, Justice, IL 60458

Occupied multifamily property with balconies, a finished basement, coin laundry, and on-site parking.

Property SizeContact for details
Days on Market143

Property Features for 7920 S 83rd Avenue

General Information

Standard status Pending
Total Parking Spaces 12
Property subtype Special Purpose
Occupancy 100%

Units

Unit Mix 6 x 2BR/1BA
Multifamily Units 6

Additional Details

Cap Rate 7%

Amenities

balconies
finished basement
coin laundry
storage lockers
shed

Building Details

Buildings 1
Construction Brick
Listing Agency: Century 21 Affiliated Orland Park
Listed By: Mike McCatty · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 4:00AM

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 Century 21 Affiliated Orland Park

Investment Insights

Based on property information with market context.

This brick apartment property contains six units, each configured with two bedrooms, one bathroom, and a balcony. The building also includes a finished basement, storage lockers, a shed, and coin-operated laundry equipment. Twelve parking spaces serve the property, and the apartments are reported to be in good condition.

All units are occupied under month-to-month leases, with rental operations producing a reported 7% cap rate. The property is offered as-is through an estate sale. Its setting provides walkable access to a school and community park, along with convenient connections to area transportation.

Key Highlights

  • Six‑unit brick apartment building with 2‑bedroom, 1‑bath units
  • 100% occupied with month‑to‑month leases
  • Reported 7% CAP rate

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

366
Businesses Nearby

Demographics for 60458, IL

14,504
Population
5,710
Households
2.5
Avg Household Size
36
Median Age
17%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
5,001
Density / Sq Mi
$59,443
Median Household Income
$37,490
Median Earnings
$1,219
Median Rent
$223,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Occupied multifamily property with balconies, a finished basement, coin laundry, and on-site parking.
Where is this apartment building located?
The property is located at 7920 S 83rd Avenue Justice, IL.
What are key features of this property?
This property features: Six‑unit brick apartment building with 2‑bedroom, 1‑bath units; 100% occupied with month‑to‑month leases; Reported 7% CAP rate
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message