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    Oak Forest, IL Multifamily Properties for Sale

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    Midlothian, IL Country Club Hills, IL Tinley Park, IL
    Reynolds Lane Multifamily Investment Opportunity
    $850,000
    2,943 SF

    Reynolds Lane Multifamily Investment Opportunity

    15700 Reynolds Lane, Oak Forest, IL 60452

    Six-unit apartment building in desirable Oak Forest location.

    • Vacant Units: All units will be vacant upon new ownership, allowing for immediate rental income optimization and tenant selection.
    • Exceptional investment opportunity.
    • Desirable mix of (5) two‑bedroom units and (1) one‑bedroom unit, all with 1 full bathroom.
    • All units are lightly updated, reducing immediate renovation costs.
    • New boiler system indicates recent capital improvements and reduced maintenance concerns.
    Updated: Mar 5, 2025
    View details
    Reynolds Lane Apartment Building
    $850,000

    Reynolds Lane Apartment Building

    15700 Reynolds Lane, Oak Forest, IL 60452

    Six-unit apartment building in Oak Forest, Illinois.

    • 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.
    Updated: Mar 6, 2025
    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.

    Updated Mixed-Use Building and Land
    $439,900
    0.37 Acres

    Updated Mixed-Use Building and Land

    Updated mixed-use property with vacant land in Midlothian.

    4039 147th Street, Midlothian, IL 60445
    View details
    Updated Condo in 55+ Building
    $264,000

    Updated Condo in 55+ Building

    Move-in ready, updated 2-bedroom, 2-bath condo in Tinley Park.

    6320 Pine Ridge Drive #1B, Tinley Park, IL 60477
    View details
    Redevelopment Site in Tinley Park
    Contact for pricing

    Redevelopment Site in Tinley Park

    Office condo deconversion to multi-family or mixed-use redevelopment site.

    17704 Oak Park Ave., Tinley Park, IL 60477
    View details
    Updated Mixed-Use Building in Midlothian
    $459,900
    2,850 SF

    Updated Mixed-Use Building in Midlothian

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

    4039 147th St, Midlothian, IL 60445
    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
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
    View details
    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
    View details
    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres

    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877
    View details
    Recreational Land in Gated Community
    $44,000
    0.75 Acres

    Recreational Land in Gated Community

    0.75-acre lot with hookups in White Birch Lakes Association.

    4537 Pine Run, Farwell, MI 48622
    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

    15301 Knox Ave, Unit 11

    GARDEN APT, COURT APT (5+ UNITS) • 0.15 Acres
    Value Estimation
    $2,665,000
    15301 Knox Ave, Oak Forest, IL 60452-2549
    View details
    15944 Latrobe Ave

    15944 Latrobe Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,860 SF
    Value Estimation by Request
    15944 Latrobe Ave, Oak Forest, IL 60452-3811
    View details
    15908 Grv Ave

    15908 Grv Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,716 SF
    Value Estimation by Request
    15908 Grv Ave, Oak Forest, IL 60452-4018
    View details
    5009 159th St

    5009 159th St

    GARDEN APT, COURT APT (5+ UNITS) • 0.45 Acres
    Value Estimation by Request
    5009 159th St, Oak Forest, IL 60452-3459
    View details
    5013 159th St

    5013 159th St

    GARDEN APT, COURT APT (5+ UNITS) • 0.45 Acres
    Value Estimation by Request
    5013 159th St, Oak Forest, IL 60452-3460
    View details
    5037 159th St

    5037 159th St

    GARDEN APT, COURT APT (5+ UNITS) • 0.30 Acres
    Value Estimation by Request
    5037 159th St, Oak Forest, IL 60452
    View details
    5006 159th St

    5006 159th St

    GARDEN APT, COURT APT (5+ UNITS) • 0.33 Acres
    Value Estimation by Request
    5006 159th St, Oak Forest, IL 60452
    View details
    5049 159th St

    5049 159th St

    GARDEN APT, COURT APT (5+ UNITS) • 0.30 Acres
    Value Estimation by Request
    5049 159th St, Oak Forest, IL 60452-3462
    View details
    5002 155th St

    5002 155th St

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,340 SF
    Value Estimation by Request
    5002 155th St, Oak Forest, IL 60452-3486
    View details
    4823 157th St

    4823 157th St

    GARDEN APT, COURT APT (5+ UNITS) • 0.41 Acres
    Value Estimation
    $1,875,000
    4823 157th St, Oak Forest, IL 60452-3557
    View details
    15302 Knox Ave

    15302 Knox Ave

    GARDEN APT, COURT APT (5+ UNITS) • 0.39 Acres
    Value Estimation
    $3,700,000
    15302 Knox Ave, Oak Forest, IL 60452-2530
    View details
    15311 Knox Ave

    15311 Knox Ave

    GARDEN APT, COURT APT (5+ UNITS) • 0.15 Acres
    Value Estimation
    $1,880,000
    15311 Knox Ave, Oak Forest, IL 60452-2513
    View details
    15311 Knox Ave

    15311 Knox Ave

    GARDEN APT, COURT APT (5+ UNITS) • 0.19 Acres
    Value Estimation
    $1,870,000
    15311 Knox Ave, Oak Forest, IL 60452-2513
    View details
    15302 Knox Ave, Unit 12

    15302 Knox Ave, Unit 12

    GARDEN APT, COURT APT (5+ UNITS) • 0.39 Acres
    Value Estimation
    $3,700,000
    15302 Knox Ave, Oak Forest, IL 60452-2522
    View details
    15301 Knox Ave, Unit 11

    15301 Knox Ave, Unit 11

    GARDEN APT, COURT APT (5+ UNITS) • 0.15 Acres
    Value Estimation
    $1,885,000
    15301 Knox Ave, Oak Forest, IL 60452-2549
    View details
    15920 Leclaire Ave

    15920 Leclaire Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,340 SF
    Value Estimation by Request
    15920 Leclaire Ave, Oak Forest, IL 60452-3864
    View details
    16025 Laramie Ave

    16025 Laramie Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,869 SF
    Value Estimation by Request
    16025 Laramie Ave, Oak Forest, IL 60452-3863
    View details
    16000 Frst Ave

    16000 Frst Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,001 SF
    Value Estimation by Request
    16000 Frst Ave, Oak Forest, IL 60452-4014
    View details
    16000 Frst Ave

    16000 Frst Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,600 SF
    Value Estimation by Request
    16000 Frst Ave, Oak Forest, IL 60452-4014
    View details
    15316 Cicero Ave

    15316 Cicero Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 3,274 SF
    Value Estimation by Request
    15316 Cicero Ave, Oak Forest, IL 60452-2502
    View details
    15511 Cicero Ave

    15511 Cicero Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 8,190 SF
    Value Estimation
    $645,000
    15511 Cicero Ave, Oak Forest, IL 60452
    View details
    15507 Cicero Ave

    15507 Cicero Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 8,190 SF
    Value Estimation
    $645,000
    15507 Cicero Ave, Oak Forest, IL 60452-3629
    View details

    Oak Forest, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 41 multifamily properties for sale in Oak Forest, IL on our real estate platform. These investment opportunities span a total of 2,943 square feet of properties for sale, with an estimated market value of $850,000.

    Sale prices for multifamily properties in Oak Forest, IL start at $850,000, averaging $850,000, and reaching up to $850,000 — 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

    Apartment buildings 3

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    60452 $850K

    Taxes & Financing

    Average Loan-to-Value 65.0%

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