Phoenix Apartments

For Sale

611 E 151st St, Phoenix, IL 60426

This Phoenix property for sale is located at 611 E 151st St. The current listed sale price for Phoenix Apartments is $895,000. Phoenix Apartments is situated on a lot that is 0.07 acre in size.

Contacts

broker

James Clough

Real Realty

Property Details

  • 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 Oct 7, 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

Getting around

  • 32/100

    Walk Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Walt's Food Center

    1.28 miles

  • Fairway Finer Foods

    1.64 miles

  • Jewel-Osco

    2.09 miles

  • Food 4 Less

    2.16 miles

  • Dixmoor Meat Market

    2.17 miles

  • ALDI

    2.22 miles

  • Target

    3.18 miles

  • Pete's Market

    3.19 miles

  • Kohl's

    3.24 miles

  • Burlington

    3.37 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

James Clough

Real Realty