For Sale $895,000
Property Type Multi-Family
Property Size 8,400 SF
Units 16
Lot Size 0.07 Acre
Additional Rent Contact for pricing
Year Built 1968
Date Updated Oct 7, 2024

PhoenixReal Realty is pleased to present this 16-unit apartment complex located off 151st street in Phoenix, IL. The property is comprised of 16 units, with a mix of 8-studio units and 8 - one-bedroom units. The property is brick and flexicore construction and is heated with 4 newer Peerless hot-water boilers, and sleeve A/C units (tenant provided) cool the apartment in the summer. Recent improvements to the property included newly painted hallways and 4 remodeled apartments. Remodeled apartments are renting for over $150 more than non-renovated apartments. This is an opportunity for an investor to purchase a well-maintained property with upside in continuing to renovate units and achieve above market cash on cash returns, by increasing rents to current market levels being achieved at the property.

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Highlights

Brick & Flexicore Construction
Proforma 10 Cap
Studio & 1 Bedroom Apartments
Proven Add-Value Strategy

Contacts

James Clough

Real Realty

Location

Getting Around

Walk Score ®
32/100 Car-Dependent
Bike Score ®
36/100 Somewhat Bikeable

Map
Street

City Phoenix, IL
Neighborhood Phoenix
Zip Code 60426
Market Chicago

Points of Interest

Riverdale

2.17 miles
Calumet

3.29 miles
Blue Island

3.58 miles
Burr Oak

3.74 miles
Homewood

4.06 miles
West Pullman

4.11 miles
Midlothian

4.16 miles
Kensington (115th Street)

5.03 miles
115th Street (Morgan Park)

5.24 miles
Flossmoor

5.51 miles

Citgo

0.24 miles
Clark

0.67 miles
BP

0.97 miles
Arco

0.99 miles
Mobil

1.30 miles
Amstar

1.30 miles
HP

1.33 miles
Shell

1.38 miles
Marathon

1.54 miles
Tesla Supercharger

5.00 miles

Pace Harvey Park & Ride

0.60 miles
Rest Area I-80 (West Bound)

3.04 miles
Rest Area I-80 (East Bound)

3.09 miles
Pace Homewood Park & Ride

3.53 miles
Strip Mall Parking Lot

4.32 miles
Blue Island Park & Ride

4.71 miles
Auto Warehousing Company

4.87 miles
Kensington / 115th Street Station Parking Lot

4.94 miles
Hegewisch NICTD #1

5.09 miles

Starlite Motel

0.99 miles
Clover-Leaf Motel

1.98 miles
Days Inn & Suites by Wyndham Harvey / Chicago Southland

2.19 miles
Quality Inn & Suites

2.21 miles
Motel 6

2.24 miles
Super 8 South Holland

2.32 miles
Travelodge

2.38 miles
Econo Lodge

2.40 miles
Best Western Plus South Holland/Chicago Southland

2.41 miles
Clarion South Holland

2.44 miles

Beggars Pizza

0.56 miles
Dunkin'

0.57 miles
McDonald's

0.60 miles
Popeyes

0.70 miles
Subway

0.70 miles
Church's Chicken

0.99 miles
Wendy's

1.12 miles
Wingstop

1.25 miles
Panera Bread

1.55 miles
Shark's Fish & Chicken

2.29 miles

Zion Buds of Promise Christian Academy

0.25 miles
ECHO School

0.43 miles
Gwendolyn Brooks Middle School

0.48 miles
Thornton High School

0.56 miles
Coolidge Middle School

0.66 miles
Bryant Elementary School

0.71 miles
Saint John School

0.82 miles
South Suburban College

0.96 miles
First Wesley Academy

0.96 miles
Whittier Elementary School

0.97 miles

Happy Days Child Care Center

2.27 miles
Council Oak Montessori School

3.74 miles
Me & You Learning Academy

5.19 miles
Daycare

6.92 miles
Shining Star Child Development

7.92 miles
Mari's Bumble Bee Academy

8.32 miles
Restoring the Seed Childcare

8.90 miles

Frequently Asked Questions

How much does Phoenix Apartments cost?

The space currently listed for sale at Phoenix Apartments asks for $895,000.

What is the total square footage of Phoenix Apartments?

Phoenix Apartments totals 8,400 square feet.

When was this property built?

Phoenix Apartments was built in 1968.

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