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501-507 Chicago Rd 501-507 Chicago Rd 34 Unit Apartment Building $3,200,000 ($94,118/Unit) 8.46% Cap Rate Thornton, IL 60476



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 | Building Class | C |
| Price Per Unit | $94,118 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 34,000 SF |
| Cap Rate | 8.46% | Average Occupancy | 100% |
| No. Units | 34 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MF | ||
| 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
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $146,880 | |
| Land Assessment | $15,485 | Total Assessment | $162,365 |
Property Taxes
Parcel Numbers
Land Assessment
$15,485
Improvements Assessment
$146,880
Total Assessment
$162,365
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501-507 Chicago Rd | 501-507 Chicago Rd
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