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The Highlands Apartments
For Sale
Contact for pricing
Pending

8400 Cunat Boulevard, Richmond, IL 60071

Class A garden-style community with five floor plans and shared recreational amenities.

Property Size192,418 SF
Days on Market146

Property Features for 8400 Cunat Boulevard

General Information

Standard status Pending
Size 192,418 SF
Class Class A
Property subtype Multifamily

Additional Details

Multifamily Units 198

Amenities

community center
banquet room
indoor pool
spa
exercise equipment
pet-friendly

Building Details

Stories 3
Construction garden-style
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: Kenneth Szady CCIM, SIOR · License #IL 471.016178
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Sep 2 at 5:44AM

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 Marcus & Millichap - Chicago Downtown

Investment Insights

Based on property information with market context.

The Highlands Apartments is a Class A, three-story garden-style community at 8400 Cunat Boulevard in Richmond, Illinois. The property contains 192,418 square feet and 198 units arranged across five floor plans. Residents have access to a community center with a banquet room, an indoor pool and spa, and exercise equipment. The community is pet-friendly and professionally managed.

The property is reported to maintain occupancy near 100%. Financing is fully assumable for another 8 years, providing an established financing structure for a future owner.

Key Highlights

  • 198‑unit apartment community totaling 192,418 square feet
  • Class A, three‑story suburban garden‑style design
  • Five floor plans across the apartment community

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Parts Store Catering Service Auto Repair Shop Grocery & Convenience Store

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

198
Residential units

Location Intelligence

Trade Area within ½ mile

44
Businesses Nearby

Demographics for 60071, IL

3,891
Population
2,161
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
97%
High-School Grad
24.8 sq mi
ZIP Area
157
Density / Sq Mi
$77,593
Median Household Income
$43,164
Median Earnings
$1,189
Median Rent
$289,800
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 - Class A garden-style community with five floor plans and shared recreational amenities.
Where is this apartment building located?
The property is located at 8400 Cunat Boulevard Richmond, IL.
What are key features of this property?
This property features: 198‑unit apartment community totaling 192,418 square feet; Class A, three‑story suburban garden‑style design; Five floor plans across the apartment community
More about this property
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