501 Chicago Rd, Thornton, IL 60476

ACCESS & CONNECTIVITY

The Property at 501–507 Chicago Road benefits from strong regional connectivity, with direct frontage along Chicago Road providing convenient north–south access through Thornton and to surrounding south suburban communities.

Commuter rail service is available within a short drive at nearby Metra stations, linking the area directly to downtown Chicago and other employment centers and giving commuters an attractive alternative to driving.

PACE Route 353 stops directly outside the property at the signed “501 Chicago Rd” stop, providing convenient, all-day service linking Thornton to the CTA Red Line 95th/Dan Ryan station, Riverdale, Dolton, South Holland, Calumet City, and the Pace Homewood Park-n-Ride. AREA

AMENITIES & DEMAND DRIVERS

Apartment demand is underpinned by a large regional workforce base, with over 85,000 jobs within commuting distance and a strong concentration of blue-collar, logistics, and service-oriented employment that typically supports renter occupancy.

The immediate submarket, including nearby South Holland, Harvey, and Lansing, features a dense cluster of industrial and food production employers such as Carl Buddig & Co., Allied Tube & Conduit, and Ed Miniat, alongside logistics operators like UPS and TForce Freight, collectively employing thousands of workers and providing a stable base of renters seeking proximity to work.

The Property benefits from convenient access to Chicago’s employment base with jobs in government, healthcare, finance, transportation, and education, with major employers including institutions such as the University of Chicago, JPMorgan Chase, and Advocate Health, supporting long-term population and housing demand across the metro.

DURABLE BRICK CONSTRUCTION

The Property features durable brick construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.

UTILITIES

Tenants are responsible for separately metered electricity, which they pay directly. The Landlord is responsible for providing gas powered heat & hot water, as well as city water & sewer, which they pay directly.

OFF-STREET PARKING

The Property features fifty (50) off-street parking spaces via a large lot to the front of the Property.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 63,600 people live within 3 miles of the Property with an average household income of $94,131. Over 232,600 people reside within 5 miles of the Property with an average household income of $90,723.

QUALITY OF LIFE AMENITIES

Dining options along the immediate corridor and nearby South Suburban retail nodes include local favorites such as Jimbooo's Italian Beef and Rasta Chili Hut, as well as experiential destinations like The Quarry Thornton and Thornton Distilling, which combine food, beverage, and entertainment. Residents also benefit from proximity to national and quick-service dining options clustered along nearby commercial corridors in South Holland, Glenwood, and Homewood, including brands such as Panera Bread, Starbucks, Five Guys, and Portillo’s.

Daily retail needs are supported by nearby grocers such as Aldi and local specialty food providers, while broader retail access is available at centers like Brookside Marketplace and the Park Place Plaza corridor, which feature national tenants including Target, Kohl’s, T.J. Maxx, and Home Depot.

Outdoor and recreational amenities further enhance quality of life, with nearby parks such as Wampum Lake Woods and Thornton-Lansing Road Nature Preserve providing walking trails, green space, and access to the region’s forest preserve system.