Pioneer Road Complex For Sale: Will It Get This Price?

CREST HILL, IL — If you have been thinking about buying up property and becoming a landlord, there's an opportunity on the horizon in Crest Hill.

Built in 1978, the 12-unit multi-family apartment building at 1413 Pioneer Road is now for sale. Marcus & Millichap in Oakbrook Terrace is trying to sell the property at $1.4 million.

"This investment offers an investor the opportunity to acquire 12 renovated units in a desirable Crest Hill location," the real estate listing states.

Pace bus stops are along Larkin Avenue, just one-half mile east of the building, the listing notes. As for the Crest Hill apartment complex on Pioneer Road, the 12 apartment dwellings are all two bedroom and one bathroom units, about 900-square-feet each.

"The units are tenant heated and have been renovated with stainless steel appliances and granite countertops," the listing on LoopNet reads. "The property features patios or balconies for most units, six garages, and off-street parking. The building is one mile west of Hillcrest Shopping Center and North Ridge Plaza, which collectively feature a Jewel-Osco, Food 4 Less, Dollar Tree, Hobby Lobby, Walgreens, McDonald's, Taco Bell, and IHOP, among others."

For more details, check out the full listing on LoopNet or call Marcus & Millichap senior managing director Ryan Engle.