37 W 14th Place
Chicago Heights, IL, 60411
$550,000
5 Beds
2 Baths
0 SqFt
0 Acres
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MLS #MRD12694277 image #0
37-39 W. 14th Place is a well-located 6-unit multifamily property situated in Chicago Heights, just off Route 30 – Lincoln Highway with convenient access to retail corridors, public transportation, and major south suburban employment centers. The property benefits from its proximity to Prairie State College, Franciscan Health Olympia Fields, and nearby industrial and logistics hubs that continue to support workforce housing demand throughout the area. The property features a unit mix of (1) two-bedroom / one-bathroom unit and (5) three-bedroom / one- bathroom units, offering larger floor plans that appeal to long-term tenants and families. While the interiors have seen more limited renovations compared to other properties in the portfolio, the asset has maintained stable occupancy and presents investors with future value-add potential through continued unit upgrades. Recent capital improvements include a newer boiler and extensive tuck-pointing work, helping support the long-term physical integrity of the property. Ownership currently provides heat, while tenants are responsible for electric. The asset offers investors an opportunity to acquire a stable workforce housing property in a strong south suburban location with operational upside over time.

Property Details

Price:
$550,000
MLS #:
MRD12694277
Status:
Active
Beds:
5
Baths:
2
Type:
Commercial
Neighborhood:
chicagoheights
Listed Date:
Jun 30, 2026
Year Built:
1923
Chicago HeightsChicagoheights

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Schools

Interior

Exterior

Stories
3

Financial

Maintenance Fee
$1,676
Net Operating Income
$34,371
Tax Year
2024
Taxes
$14,709

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Community

Market Summary

Current real estate data for Commercial in Chicago Heights as of Oct 06, 2026
8
Commercial Listed
115
Avg DOM
$481,585
Avg List Price

Property Summary

    37 W 14th Place Chicago Heights IL is a Commercial for sale in Chicago Heights, IL, 60411. It is listed for $550,000

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37 W 14th Place
Chicago Heights, IL