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3229 Commercial Avenue
South Chicago Heights IL 60411 US

$775,000

Active Listing ID 12513857
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16 bed
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7.00 Bath (7 Full)
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Other

$775,000

Active Listing ID 12513857
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3229 Commercial Avenue Don't miss this incredible fully leased investment opportunity! This hard to find 7 unit building is over an 8 cap at the list price. No deferred maintenance and below market rents combine to create tremendous value add potential. With seven total units rent increases to market value and further increases over time will have an exponential effect on value. All of the apartments are desirable 2 bedroom units with a spacious family room. Coin op laundry and storage are available in the basement. One apartment has just been updated with quartz counter tops, new appliances and bathroom fixtures (rented immediately!). Other updates include new windows, new appliances, new exterior lighting and the fire safety system has been updated. New 10 year smoke and CO detectors were just installed. Low to no vacancy history. Restaurants, national retailers and the Jewel grocery store are all within walking distance make renting apartments a breeze. There are 7 onsite parking spaces and unrestricted on street parking. Don't wait, opportunities like this don't come often!

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 7
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 775000
  • unparsedaddress: 3229 Commercial Avenue
  • postalcity: South Chicago Heights
  • stateorprovince: IL
  • country: US
  • postalcode: 60411
  • bathroomsfull: 7
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.479808
  • longitude: -87.636025
  • listagentfullname: Charles Kirkwood
  • listagentemail: chas.kirkwood@gmail.com
  • listagentkey: 3yd-MREDIL-8131
  • listagentmlsid: 8131
  • listagentpreferredphone: (815) 553-2411
  • listagentofficephone: 6307155714
  • listofficekey: 3yd-MREDIL-771
  • listofficemlsid: 771
  • disclaimer: Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1969
  • listingcontractdate: 2025-11-09
  • listagentfax: 6302326918
  • listagenturl: http://www.cbhonig-bell.com
  • countyorparish: Cook
  • parcelnumber: 32322150190000
  • constructionmaterials: Brick
  • numberofunitstotal: 7
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Coldwell Banker Real Estate
  • rooms: Bedroom 2, Bedroom 10, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 9, Bedroom 11, Bedroom 8, Bathroom 1, Basement, Bedroom 13, Bathroom 7, Bedroom 12, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 14, Bedroom 15, Bedroom 16, Bathroom 5, Bathroom 6, Bedroom 3, Bathroom 2, Bedroom 7
  • basement: Unfinished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.636024, 41.47981
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell)", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"chas.kirkwood@gmail.com", "ListBrokerageCity":"Joliet", "ListBrokerageCountry":"US", "ListBrokerageEmail":"leads@cbhonig-bell.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/31d4bc5115ba11dfa45900219b994c72/20170504194148851.png", "ListBrokerageName":"Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell)", "ListBrokeragePhone":"(815) 553-2411", "ListBrokeragePostalCode":"60431", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"320 Water Stone Way", "ListBrokerageWebsiteUrl":"http://www.cbhonig-bell.com", "ListOfficeAddress1":"230 E State St. ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"771", "ListOfficeCity":"Geneva", "ListOfficeCountry":"USA", "ListOfficeEmail":"dmcquade@coldwellhomes.com", "ListOfficePostalCode":"60134", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - South Chicago Heights, IL", "ListingURL":null, "MLSModificationTimestamp":"2025-11-21 08:05:02", "Neighborhoods":[{"Description":null, "Name":"South Chicago Heights"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":9910, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/20/2025 8:24:28 AM GMT
Source Updated Date: 12/20/2025 6:50:27 PM GMT

Courtesy of: Charles Kirkwood, Coldwell Banker Real Estate Group, chas.kirkwood@gmail.com

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.