Back
Active - Other for sale
Chicago Heights, IL
Facts & features
Why you’ll love it
Pursuant to short sale; subject to lender approval. 7-unit brick multifamily in Chicago Heights, offered at $350,000 ($50,000 per unit) well below fair market value. Unit mix is three 3BR/1BA, two 2BR/1BA and two 1BR/1BA. Four of seven units currently pay rent, totaling $5,150/month, a 7.14% cap rate on current collections. One unit is vacant and two are occupied but not currently paying. With all seven units leased at market rent ($9,300/month), pro forma NOI is $68,315, a 19.52% cap rate at list price. Each unit has its own gas forced-air furnace and gas meter, and tenants pay heat. Detached two-car garage on a separate PIN, concrete drive and fenced yard. Current annual tax bill is $9,619. Full offering memorandum with rent roll, financials and comps available on request.
Listings courtesy of eXp Realty as distributed by MLS GRID.
Listed by: Michael Scanlon • eXp Realty
Co-listed by: Zak Marinko • eXp Realty
Source: MRED as distributed by MLS GRID, MLS#: 12802371
Based on info available as of Nov 14, 2026 at 8:11 AM EST.
Come see by yourself
Affordability
$3,381/mo
- Mortgage$1,770
- Property tax$1,611
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$7,000 Credit back
Start an offerDiscover the neighborhood
Travel times
About Chicago Heights
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Based on information submitted to the MLS GRID as of Nov 14, 2026 at 08:11am EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Make a winning offer, and get up to
$7,000 Credit back
