$ 550,000
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$550,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing 18283 - 1011976
37-39 W. 14th Place is a well-located 6-unit multifamily property situated in Chicago Heights, just off Route 30 - Lincoln Highway with convenient access to retail corridors, public transportation, and major south suburban employment centers. The property benefits from its proximity to Prairie State College, Franciscan Health Olympia Fields, and nearby industrial and logistics hubs that continue to support workforce housing demand throughout the area. The property features a unit mix of (1) two-bedroom / one-bathroom unit and (5) three-bedroom / one- bathroom units, offering larger floor plans that appeal to long-term tenants and families. While the interiors have seen more limited renovations compared to other properties in the portfolio, the asset has maintained stable occupancy and presents investors with future value-add potential through continued unit upgrades. Recent capital improvements include a newer boiler and extensive tuck-pointing work, helping support the long-term physical integrity of the property. Ownership currently provides heat, while tenants are responsible for electric. The asset offers investors an opportunity to acquire a stable workforce housing property in a strong south suburban location with operational upside over time.
Listing Highlights
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
12694277
Year Built
1923
Total Square Footage
0
Lot/Acreage
50x128
County
Cook
Area
Chicago Heights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Gas,Radiators
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50x128
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $14,709
- Taxes w/Assessments: N/A
- Tax/Property ID: 32204000370000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
37 W 14th Pl Chicago Heights, IL 60411
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