21000 Olympian Way, Olympia Fields, IL 60461
This exceptional 7.13-acre multifamily property, located at 21000 Olympian Way in Olympia Fields, Illinois (zip code 60461), presents a compelling investment opportunity. Situated in Cook County, the property boasts a prime location at a four-way lighted intersection, directly east of the I-57 and US Hwy 30 interchange and I-57 exit ramps. Benefitting from high visibility and significant traffic counts (34,000 vehicles daily on US Hwy 30 and 66,300 on I-57), the property is strategically positioned between a CVS and Speedway, sandwiched between two thriving McDonald's restaurants. The property is zoned B-3 Commercial Service and Wholesale District, allowing for multifamily, self-storage, and retail development, per the Village's guidelines. The property's APN is 31-23-200-017, and its annual property taxes are $45,755. The asking price is $1,100,000, with owner financing and land banking options available. The property is served by Matteson Elementary School District 162 and Rich Township School District 227. This is a rare chance to acquire a high-traffic, multi-use property in a thriving location with excellent development potential. Further information is available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.