Park Forest, IL Residential income properties for sale

Updated: Apr 10

Oakwood Manor Apartment Building

23453 S Western Avenue, Park Forest, IL 60466

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36 one‑bedroom, one‑bath units, each measuring 770 Sq. Ft.
Three 12‑unit sections with separate front vestibules, laundry areas, and boiler rooms
Every unit includes a patio or balcony, dishwasher, gas range, and upright refrigerator
Landlord provides heat, gas cooking, hot water, and water; tenants pay electric use
Roof replaced in 2011 with a 30‑year warranty roof system

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Updated: Apr 12

Multifamily Property

24 Sauk Trail, Park Forest, IL 60466

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Park Forest, IL 60466 location
24 Sauk Trail address
Identified for rental or fix‑and‑flip consideration

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in Park Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 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.

Ranch Duplex with Two 3BR Units

3431 Morgan Street, Steger, IL 60475

$230,000

1,700 sqft

Two identical ranch units each offer 3 bedrooms and 1 bath, with upgrades and tenant-paid utilities.

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Updated Brick Quadplex

489 Hickory Street, Chicago Heights, IL 60411

$370,000

0.08 AC lot

Updated residences feature separate utilities, in-unit laundry, and dedicated tenant parking.

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Multifamily Property

3000 Morgan Street, Steger, IL 60475

$133,750

The property includes an unfinished full basement with natural gas and electric features.

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Brick Multi-Unit with Parking

489 Hickory Street, Chicago Heights, IL 60411

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Well-maintained four-unit brick building with updated units, in-unit laundry, separate furnaces, and tenant-paid utilities.

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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.

Vacant Lot on Central Park

Richton Park, IL 60466

$72,900

3.95 AC lot

3.95 acre vacant lot suitable for single-family or duplex development.

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Residential Lot in University Park

735 Union Drive, University Park, IL 60484

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0.15 AC lot

0.15-acre residential lot in peaceful Wood Hills Ridgeview subdivision.

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Land for Single-Family Home

22457 KARLOV Avenue, Richton Park, IL 60471

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Land parcel suitable for building a single-family home.

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Richton Park Land for Development

22600 KARLOV Avenue, Richton Park, IL 60471

$429,900

17.21 AC lot

17.21 acres for single-family home development in Richton Park.

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Off-Market Properties in Park Forest, IL

Consider similar Off-Market properties in Park 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.

APARTMENT HOUSE (UNDER 5 UNITS)

50 Westwood Dr, Park Forest, IL 60466-1419

$740,000

Estimated value

8,288 sqft 1.28 AC lot

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Land

23521 Crawford Ave, Park Forest, IL 60466

Value Estimation by Request

72.00 AC lot

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Multifamily properties

11 Fir St, Park Forest, IL 60466

Value Estimation by Request

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