501-509 Chicago Road

Property Overview

Interra Realty has been exclusively engaged to market for sale the two (2) multifamily properties at 501-509 Chicago Road in Thornton, Illinois. The subject investment opportunity consists of two buildings with 34 units total and 1:1 off street parking. The buildings are positioned in Thornton, Illinois which isapproximately 22 miles South of the downtown Chicago Loop. This location offers commuters convenient access downtown via the Hazel Crest Metra TrainStation, Interstate 294, and many bus stops nearby.

The unit mix comprises an attractive unit mix of 4 studios, 19 1-bedroom, and 11 2-bedroom units. Approximately 5 out of 34 units are currently subsidized.The units are heated by hot water baseboard heat and cooled via individual wall A/C units. There are 2 wash and 2 dry machines at each building and theyare operator owned.

A new investor has the opportunity to lower property taxes by 22% via eligibility of The Affordable Housing Special Assessment Program.


  • Well-Maintained & Remodeled 2 Building Portfolio
  • Immediate Economies of Scale in a Low Sale Velocity Submarket
  • Ability to Rehab the Remaining 19 Units and Increase Rents by 25%
  • Alongside I/80 and Walking Distance to the Forest Preserve & Town’sElementary School

Key Details

Sale Price
Number of Units
Thirty-Four (34)
Thornton, IL