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$ 675,000
Est. payment /mo
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474 W 14th PL Chicago Heights, IL 60411
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12693968
Maintenance Fees $3,053
Year Built 1977
Annual Tax Amount $23,391
Tax Year 2024
Lot Dimensions 90x145
Property Sub-Type Multi Family 5+
Property Description
474 W. 14th Place is a well-maintained 8-unit multifamily property located in Chicago Heights, just off Route 30 - Lincoln Highway, with convenient access to retail, dining, public transportation, and major regional employers. The property benefits from its proximity to Prairie State College, Franciscan Health Olympia Fields, and major industrial and logistics corridors throughout the south suburbs. The property features a unit mix of (1) one-bedroom / one-bathroom unit and (7) two-bedroom / one bathroom units, offering strong appeal to the area's workforce housing tenant base. The apartment units have been renovated with updated kitchens, flooring, paint, bathrooms, and other interior improvements, providing investors with strong in-place cash flow and limited deferred maintenance. Recent capital improvements include a newer parking lot and hot water heater, helping support the long-term condition of the asset. Tenants are responsible for their own heat and electric, helping reduce operating expenses for ownership. The asset offers an attractive combination of stable occupancy, operational efficiency, and long-term rental demand within an established workforce housing market
Location
State IL
County Cook
Area Chicago Heights
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by David Szymanowski of Sperry Van Ness
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