3201 Union Ave Steger, IL 60475
Property profile & analytics
3201 Union Ave Steger, IL 60475
- Residential income homes
- 7,200 SF
- 0.07 lot acres
Property ID
US28-0938373
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.
Location Intelligence
Current Use by Public Records
- National Youth Advocate Program / Child Welfare Organization / Charitable Organization
- Space 225 / Hotel & Motel / Resort
- creative touch nail spa / Nail Salon
- Touched by Tricie / Alternative Medicine Practice / Spa & Massage Center
Property Details for 3201 Union Ave
- Year built
- 1975
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.07 lot acres
- Property size
- 7,200 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 32-33-318-003
- APU
- 3233318003
Description
This mixed-use property, located at 3201 Union Avenue in Steger, Illinois, presents a compelling value-add investment opportunity. The 10,950 square foot, two-story building sits on a 0.42-acre lot and features a blend of retail/office and residential space. The ground floor comprises two retail/office units with private entries, benefiting from high visibility and monumental signage on Union Avenue. Upstairs, two three-bedroom, two-bathroom apartments provide rental income. A recently remodeled lower level, boasting 9-foot ceilings, an open concept layout, kitchenette, and restrooms, offers additional potential for lease or owner-use. The property includes ample parking with approximately 36 spaces distributed across the front, side, and fenced rear areas. Built in 2018, the building is currently 67% occupied and is classified as Class C. The property is zoned B-1 and offers excellent access to major transportation arteries, including the Bishop Ford Freeway, I-94, I-80, and I-57. Its location in Steger, Cook County, places it approximately 35 miles south of Chicago and 5 miles from the Indiana border. The asking price is $650,000, translating to $59.36 per square foot. This represents a below-replacement-cost opportunity with significant potential for increased rental income and property value through lease-up of vacant spaces and further improvements. The property is a multi-tenant building with a modified lease type.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Steger
- County
- Cook
- State
- Illinois
- Longitude
- -87.6326
- Latitude
- 41.4732
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,534
$937
$8,949
$9,886
-
$9,370
$89,490
$98,860
