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Six-Unit Apartment Building
For Sale
Contact for pricing
Pending

8049 W 83rd Street, Justice, IL 60458

Storm damage leaves this 1969 structure requiring comprehensive renovation and redevelopment work.

Property SizeContact for details
Days on Market19

Property Features for 8049 W 83rd Street

General Information

Standard status Pending
Property subtype Multifamily
Zoning MULTI

Building Details

Year Built 1969
Stories 3
Units 6
Listing Agency: RE/MAX 10
Listed By: khaled muza · License #475124048
Source: Crexi
Added: Aug 2 Changed: Aug 17 Last Checked: Aug 16 at 1:50PM

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 RE/MAX 10

Investment Insights

Based on property information with market context.

This six-unit apartment building in Justice, Illinois, was constructed in 1969 and is zoned MULTI. The property requires comprehensive renovation following storm-related damage, including roof loss, water infiltration, and damage affecting portions of the structure. The existing improvements are being conveyed in as-is condition, and the transaction requires cash. Buyers should independently evaluate the building, repairs, permitting, and applicable requirements with the appropriate authorities. The property is located at 8049 W 83rd Street and presents a substantial apartment redevelopment project for a purchaser prepared to address the physical damage and renovation scope.

Key Highlights

  • Six‑unit apartment building
  • Built in 1969
  • MULTI zoning

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

397
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Storm damage leaves this 1969 structure requiring comprehensive renovation and redevelopment work.
Where is this apartment building located?
The property is located at 8049 W 83rd Street Justice, IL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Six‑unit apartment building; Built in 1969; MULTI zoning
(773) 592-7091 Call to check price and availability
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