Phoenix Apartments

611 E 151st St, Phoenix, IL 60426

  • 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 Dec 10, 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

broker
James Clough

Real Realty

Location

Getting Around

  • Walk Score ®

    32/100 Car-Dependent

  • Bike Score ®

    36/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
James Clough

Real Realty