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Investment Highlights

  • Access & Connectivity
  • Durable Brick Construction
  • Strong Rental Demographics & Demand
  • Area Amenities & Demand Drivers
  • Off-Street Parking
  • Quality of Life Amenities

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 501-507 Chicago Rd in Thornton, IL (the “Property”). The two-story building contains thirty four (34) total units comprised of nine (9) 2-Bedroom/1-Bathroom units, twenty-one (21) 1-Bedroom/1-Bathroom units, and four (4) Studio units. The Property is situated upon a 1.00-acre parcel and features fifty (50) off street parking spaces. 501–507 Chicago Road is strategically positioned along one of Thornton’s primary commercial corridors, offering strong visibility and direct access to the village’s core retail and residential districts. The property benefits from its location on Chicago Road (U.S. Route 41), a heavily trafficked north– south thoroughfare that serves as a key connector through the southern suburbs of the Chicago metropolitan area. The asset provides convenient regional connectivity via nearby Interstate 94 and Interstate 80, facilitating efficient travel to downtown Chicago as well as surrounding employment hubs throughout Cook County and neighboring Indiana.

Property Facts

Price $3,200,000
Price Per Unit $94,118
Sale Type Investment
Cap Rate 8.46%
No. Units 34
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.00 AC
Building Size 34,000 SF
Average Occupancy 100%
No. Stories 2
Year Built 1964
Parking Ratio 1/1,000 SF
Zoning MF

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Trash Pickup - Curbside
  • Public Transportation
  • Walk-Up
  • Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 29-27-400-126-0000
  • 29-27-400-123-0000
Land Assessment
$15,485
Improvements Assessment
$146,880
Total Assessment
$162,365
  • Listing ID: 39915202

  • Date on Market: 3/26/2026

  • Last Updated:

  • Address: 501-507 Chicago Rd, Thornton, IL 60476

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