611 E 151st St, Phoenix, IL 60426

Building Details

Year Built

1968

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.

Report an issue

---

Overview

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.

Suggested Use

Real Estate Agency Dental Office Law Firm Spa & Massage Center Gym & Fitness Center Big Box & Wholesale Store Building Supply Pharmacy Storage Facility Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Phoenix

County

Cook

State

Illinois

Longitude

-87.6332565

Latitude

41.6151278

Nearby Similar for Sale

• 

  $199,000

  4,906 SF

  Phoenix Commercial Building For Sale

  Commercial building suitable for auto shops or various business ventures.

  15500 VINCENNES Road, Phoenix, IL 60426

  View Details
• 

  $1,650,000

  Multi-Tenant Retail Plaza

  Well-maintained 2007-built retail plaza with multiple leased storefronts and parking in a busy commercial corridor.

  503 W 153 Street, Phoenix, IL 60426

  View Details
• 

  $1,650,000

  Eight-Unit Retail Plaza

  Well-maintained plaza built in 2007, fully leased by five tenants with parking and strong street presence.

  503 W 153 Street, Phoenix, IL 60426

  View Details
• 

  $32,000

  Two-Unit Residential Income Property

  Two-unit residential income property sold as-is, requiring full rehab and subject to municipal or code compliance requirements.

  630 Belle Court, Phoenix, IL 60426

  View Details
• 

  $249,900

  4,906 SF

  Phoenix Auto Shop Opportunity

  4906 SF brick building suitable for auto-related businesses.

  15500 Vincennes Rd, Phoenix, IL 60426

  View Details

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)