501 Chicago Rd Thornton, IL 60476-1088

This exceptional investment opportunity presents a well-maintained, 34-unit apartment building portfolio located at 501-509 Chicago Road, Thornton, Illinois, 60476. The property consists of two buildings offering a mix of 4 studio, 20 one-bedroom, and 10 two-bedroom units. The buildings feature a desirable 1:1 off-street parking ratio, catering to resident needs. Currently, approximately 5 units are subsidized, and 14 units have undergone full renovations. The remaining units present a significant value-add opportunity, with potential for rent increases of up to 22% following renovations. The buildings utilize hot water baseboard heating and individual wall A/C units for climate control. Each building includes two operator-owned washers and dryers for resident convenience. Strategically located approximately 22 miles south of Chicago's Loop, this property offers convenient access to downtown via the Hazel Crest Metra Train Station, Interstate 294, and numerous nearby bus stops. The location also boasts proximity to I-80 and is within walking distance of a forest preserve and the town's elementary school. The asking price is $3,150,000, representing a price per unit of $92,647. The buildings are constructed with Flexicore construction, offering durability and efficiency. This portfolio presents immediate economies of scale in a low-sale-velocity submarket, making it an attractive investment for discerning buyers.