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    Property profile & analytics

    11 Fir St Park Forest, IL 60466

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-3320225
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Central Park Apartments and Townhomes / Apartment Building / Apartment Rental Agency

    Property Details for 11 Fir St

    Year built
    1946
    Property type
    Commercial real estate

    Description

    This exceptional multifamily investment opportunity presents the Central Park Apartments, a well-established 220-unit apartment building located at 11 Fir St, Park Forest, IL 60466, within Cook County. Constructed in 1946, this property offers significant potential for value appreciation and strong rental income. The building's substantial unit count provides scale and diversification, making it an attractive asset for investors seeking a substantial portfolio addition. Its location in Park Forest, Illinois offers convenient access to local amenities, transportation networks, and a stable residential population. The property's age presents opportunities for strategic renovations and upgrades to enhance both its aesthetic appeal and rental rates. Detailed financial information and property specifics are available upon request. This is a rare chance to acquire a significant multifamily asset in a desirable location with considerable upside potential. Serious inquiries only. The property is situated at latitude 41.4866089 and longitude -87.6749263. Further due diligence is encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Park Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.6749263
    Latitude
    41.4866089

    Comparable in this City

    • $6,750,000
      123,600 SF

      Park Forest Industrial Redevelopment

      123,600 SF, 7.5 Acres, Value-Add Opportunity
      80 North St, Park Forest, IL 60466
      View Details
    • $176,800
      2.03 Acres

      Prime Park Forest Commercial Land

      2.03-Acre Industrial/Commercial Plot
      46-48 South St, Chicago Heights, IL 60466
      View Details
    • Contact for pricing
      12,600 SF

      Park Forest Shopping Center Investment

      12,600 SF Retail Center, 6 Units
      49-59 North St, Park Forest, IL 60466
      View Details
    • Contact for pricing
      33 SF

      University Park Land Parcel

      Land parcel available in University Park, Illinois.
      Dralle Rd. & Central Rd, University Park, IL 60466
      View Details
    • $6,750,000
      123,600 SF

      Park Forest Warehouse/Manufacturing Opportunity

      123,000 SF warehouse/manufacturing, office and industrial business park.
      80-90 North St, Park Forest, IL 60466
      View Details
    • $1,500,000
      12,600 SF

      Free-Standing Building with Division Potential

      12,600 SF building divisible into six units for sale.
      49-59 North St, Park Forest, IL 60466
      View Details

    Similar Nearby for Sale

    • $6,750,000
      123,600 SF

      Park Forest Industrial Redevelopment

      123,600 SF, 7.5 Acres, Value-Add Opportunity
      80 North St, Park Forest, IL 60466
      View Details
    • $176,800
      2.03 Acres

      Prime Park Forest Commercial Land

      2.03-Acre Industrial/Commercial Plot
      46-48 South St, Chicago Heights, IL 60466
      View Details
    • Contact for pricing
      12,600 SF

      Park Forest Shopping Center Investment

      12,600 SF Retail Center, 6 Units
      49-59 North St, Park Forest, IL 60466
      View Details
    • Contact for pricing
      33 SF

      University Park Land Parcel

      Land parcel available in University Park, Illinois.
      Dralle Rd. & Central Rd, University Park, IL 60466
      View Details
    • $6,750,000
      123,600 SF

      Park Forest Warehouse/Manufacturing Opportunity

      123,000 SF warehouse/manufacturing, office and industrial business park.
      80-90 North St, Park Forest, IL 60466
      View Details
    • $1,500,000
      12,600 SF

      Free-Standing Building with Division Potential

      12,600 SF building divisible into six units for sale.
      49-59 North St, Park Forest, IL 60466
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      123,600 SF

      Park Forest Industrial Campus

      Versatile Warehouse/Office Space, 123,600 SF
      80 North St, Park Forest, IL 60466
      View Details
    • Contact for pricing
      25,528 SF

      Park Forest Retail Center Opportunity

      High-Visibility Retail Space Available
      373 Sauk Trl, Park Forest, IL 60466
      View Details
    • Contact for pricing
      1,767 SF

      Freestanding Bank Building For Lease

      1,767 SF bank building with drive-thru and ATM.
      2 Main St, Park Forest, IL 60466
      View Details
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    11 Fir St
    Park Forest, IL 60466
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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