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    Oak Forest, IL
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    Oak Forest, IL Multifamily Properties for Sale

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    Midlothian, IL Country Club Hills, IL Tinley Park, IL
    Scarborough Fare Condo with Upgrades
    Updated: Aug 26, 2025
    Scarborough Fare Condo with Upgrades

    14511 Central Court #M2, Oak Forest, IL 60452

    $196,000
    1,150 sqft
    Rare 2‑car garage offering potential rental or sale opportunities.
    Updated kitchen featuring solid Maple cabinets and SS appliances.
    Assessments include water, heat, snow removal, landscaping, garbage, and general maintenance.
    Enjoy the convenience of in‑unit laundry (4 years old).
    Newer furnace (3 years old) and A/C (2 years old) for efficient climate control.
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    This listing looks promising.

    Here's a quick look at some key insights for

    14511 Central Court #M2, Oak Forest, IL 60452,

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    • Est. Cap Rate

      6.8%
      Above avg (5.9%)

    • Est. NOI

      $13K
      Annual

    • Price @ 7% Cap

      $191K
      Suggested

    • Property Type

      Condominium
      Built 1980
    View Property Analytics
    Reynolds Lane Apartment Building
    Updated: Mar 6, 2025
    Reynolds Lane Apartment Building

    15700 Reynolds Lane, Oak Forest, IL 60452

    $850,000
    Vacant Upon Ownership: Allows immediate rent increases and tenant selection.
    New Boiler System: Reduces potential maintenance costs and ensures efficient heating.
    Six‑Unit Building: Provides a substantial rental income opportunity.
    Updated Units: Minimizes immediate renovation needs and attracts tenants.
    Desirable Location: Close proximity to amenities in Oak Forest and Orland Park.
    View details
    Based on your search, we've compiled 49 Potential Opportunities for your consideration. Besides 2 Active listings in Oak Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 39 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    14631 S Lamon Avenue, Midlothian, IL 60445

    $750,000

    Two-bedroom, one-bath units with private balconies and a basement laundry facility support straightforward residential income use.

    View details
    Three-Unit Residential Income Building
    Three-Unit Residential Income Building

    15742 Central Park Avenue, Markham, IL 60428

    $115,000
    0.91 AC lot

    Three separate units with individual heating, offered as-is for owner-occupants in a MULTI-zoned setting.

    View details
    Three-Unit Building on Large Lot
    Three-Unit Building on Large Lot

    15742 Central Park Avenue, Markham, IL 60428

    $150,000
    0.91 AC lot

    Three-unit building on 0.91 acres near I-57.

    View details
    Updated Mixed-Use Building in Midlothian
    Updated Mixed-Use Building in Midlothian

    4039 147th St, Midlothian, IL 60445

    $459,900
    2,850 sqft

    Updated mixed-use building in Midlothian's business district, fully leased.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

    View details
    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

    View details
    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

    View details
    Recreational Land Bordering National Forest
    Recreational Land Bordering National Forest

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    RV recreational lot bordering Manistee National Forest.

    View details

    Off-Market Properties in Oak Forest, IL

    Consider similar Off-Market properties in Oak Forest, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    15301 Knox Ave, Unit 11
    GARDEN APT, COURT APT (5+ UNITS)

    15301 Knox Ave, Oak Forest, IL 60452-2549

    Unit 11
    $2,665,000
    Estimated value
    0.15 AC lot
    View details
    15944 Latrobe Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    15944 Latrobe Ave, Oak Forest, IL 60452-3811

    Value Estimation by Request
    1,860 sqft · 0.15 AC lot
    View details
    15908 Grv Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    15908 Grv Ave, Oak Forest, IL 60452-4018

    Value Estimation by Request
    1,716 sqft · 0.15 AC lot
    View details
    5009 159th St
    GARDEN APT, COURT APT (5+ UNITS)

    5009 159th St, Oak Forest, IL 60452-3459

    Value Estimation by Request
    0.45 AC lot
    View details
    5013 159th St
    GARDEN APT, COURT APT (5+ UNITS)

    5013 159th St, Oak Forest, IL 60452-3460

    Value Estimation by Request
    0.45 AC lot
    View details
    5037 159th St
    GARDEN APT, COURT APT (5+ UNITS)

    5037 159th St, Oak Forest, IL 60452

    Value Estimation by Request
    0.30 AC lot
    View details
    5006 159th St
    GARDEN APT, COURT APT (5+ UNITS)

    5006 159th St, Oak Forest, IL 60452

    Value Estimation by Request
    0.33 AC lot
    View details
    5049 159th St
    GARDEN APT, COURT APT (5+ UNITS)

    5049 159th St, Oak Forest, IL 60452-3462

    Value Estimation by Request
    0.30 AC lot
    View details
    5002 155th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    5002 155th St, Oak Forest, IL 60452-3486

    Value Estimation by Request
    2,340 sqft · 0.34 AC lot
    View details
    4823 157th St
    GARDEN APT, COURT APT (5+ UNITS)

    4823 157th St, Oak Forest, IL 60452-3557

    $1,875,000
    Estimated value
    0.41 AC lot
    View details
    15302 Knox Ave
    GARDEN APT, COURT APT (5+ UNITS)

    15302 Knox Ave, Oak Forest, IL 60452-2530

    $3,700,000
    Estimated value
    0.39 AC lot
    View details
    15311 Knox Ave
    GARDEN APT, COURT APT (5+ UNITS)

    15311 Knox Ave, Oak Forest, IL 60452-2513

    $1,880,000
    Estimated value
    0.15 AC lot
    View details
    15311 Knox Ave
    GARDEN APT, COURT APT (5+ UNITS)

    15311 Knox Ave, Oak Forest, IL 60452-2513

    $1,870,000
    Estimated value
    0.19 AC lot
    View details
    15302 Knox Ave, Unit 12
    GARDEN APT, COURT APT (5+ UNITS)

    15302 Knox Ave, Oak Forest, IL 60452-2522

    Unit 12
    $3,700,000
    Estimated value
    0.39 AC lot
    View details
    15301 Knox Ave, Unit 11
    GARDEN APT, COURT APT (5+ UNITS)

    15301 Knox Ave, Oak Forest, IL 60452-2549

    Unit 11
    $1,885,000
    Estimated value
    0.15 AC lot
    View details
    15920 Leclaire Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    15920 Leclaire Ave, Oak Forest, IL 60452-3864

    Value Estimation by Request
    2,340 sqft · 0.41 AC lot
    View details
    16025 Laramie Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    16025 Laramie Ave, Oak Forest, IL 60452-3863

    Value Estimation by Request
    3,869 sqft · 0.41 AC lot
    View details
    16000 Frst Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    16000 Frst Ave, Oak Forest, IL 60452-4014

    Value Estimation by Request
    2,001 sqft · 0.15 AC lot
    View details
    16000 Frst Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    16000 Frst Ave, Oak Forest, IL 60452-4014

    Value Estimation by Request
    1,600 sqft · 0.15 AC lot
    View details
    15316 Cicero Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    15316 Cicero Ave, Oak Forest, IL 60452-2502

    Value Estimation by Request
    3,274 sqft · 0.32 AC lot
    View details
    15511 Cicero Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    15511 Cicero Ave, Oak Forest, IL 60452

    $645,000
    Estimated value
    8,190 sqft · 0.33 AC lot
    View details
    15507 Cicero Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    15507 Cicero Ave, Oak Forest, IL 60452-3629

    $645,000
    Estimated value
    8,190 sqft · 0.33 AC lot
    View details

    Oak Forest, IL Multifamily Properties Market Trends and Statistics

    Explore 41 multifamily properties for sale in Oak Forest, IL on our real estate platform. These investment opportunities span a total of 1,150 square feet of properties for sale, with an estimated market value of $196,000.

    Sale prices for multifamily properties in Oak Forest, IL start at $196,000, averaging $196,000, and reaching up to $196,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 2

    Demographics Overview

    Population 27K
    Population Growth (5Y) -6.4%
    Median Household Income $89,167
    College Educated 39.6%

    High-Yield Neighborhoods for Investment

    Identify Oak Forest submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60452 $523K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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