Wolcott & Eleanor Portfolio
Multifamily | 24 Units | $129,167/unit
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment portfolio located at 103 W Eleanor St and 205 N Wolcott St in Thornton, IL (the “Portfolio” or the “Properties”). The three-story buildings contain twenty-four (24) total units comprised of sixteen (16) 2-Bedroom/1-Bathroom units and eight (8) 1-Bedroom/1 Bathroom units with a combined 20,000 square feet of gross living area in 24,000 square feet of gross area. 103 W Eleanor St contains eight (8) 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units while 205 N Wolcott St contains eight (8) 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units. The Portfolio is spread across 0.31-acres of land and features twelve (12) off-street parking spaces.
The Portfolio of 103 W Eleanor Street and 205 N Wolcott Street is strategically positioned within Thornton, Illinois, offering convenient access to the village’s local commercial corridors, surrounding residential neighborhoods, and nearby regional employment hubs. The properties benefit from strong connectivity to major thoroughfares including Interstate 94 (Bishop Ford Freeway), Interstate 80, and Route 1, providing efficient access throughout the greater South Suburban Chicago market. Additionally, the portfolio is located within close proximity to the Metra Electric District Line, offering commuter rail service to downtown Chicago and enhancing regional accessibility for residents.
Investment highlights
ACCESS & CONNECTIVITY
The Portfolio is a short drive to primary interstate highways I 57, I 80/294, and I 94, providing efficient north–south and east–west links to downtown Chicago, surrounding suburbs, and key employment centers.
Public transportation options are anchored by suburban bus service that connects Thornton to nearby arterial corridors and Metra rail stations in adjacent communities, offering riders a practical pathway into downtown Chicago and other job nodes.
Within the village, local streets tie directly into these larger routes, giving residents and tenants straightforward first mile/last mile connections between the properties, nearby bus stops, and park and ride or rail facilities.
AREA AMENITIES & DEMAND DRIVERS
The Portfolio benefits from its position within the broader South Suburban Chicago market, a region supported by a dense population base and a diverse employment ecosystem that continues to drive steady demand for workforce and affordable housing. Located within Thornton Township, one of the most populous townships in the state with over 150,000 residents, the area provides a sizable renter pool, supported by household formation trends and relative affordability compared to downtown Chicago.
The surrounding area is anchored by a mix of industrial, logistics, healthcare, and educational employment hubs throughout nearby municipalities including South Holland, Chicago Heights, and Calumet City. Major employers in the immediate region include companies such as Carl Buddig & Co., Ed Miniat LLC, TForce Freight, and Silver Line Building Products, alongside institutional employers like local school districts and South Suburban College, collectively supporting thousands of jobs across manufacturing, food production, transportation, and education sectors.
The nearby Wampum Lake Woods and surrounding Cook County Forest Preserves provide expansive green space, trails, and outdoor recreation opportunities, while local retail corridors along Halsted Street and Route 1 offer everyday conveniences, dining, and neighborhood services.
DURABLE BRICK CONSTRUCTION
Both Properties feature 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, as well as city water and sewer, which they pay directly. The Landlord is responsible for providing gas powered heat & hot water, which they pay directly.
OFF-STREET PARKING
The Portfolio features a total of twelve (12) off-street parking spaces.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 62,500 people live within 3 miles of the Property with an average household income of $98,155. Over 224,600 people reside within 5 miles of the Property with an average household income of $93,916.
QUALITY OF LIFE AMENITIES
Nearby local favorites such as The Quarry Thornton, Jimbooos Italian Beef, Boz’s Hot Dogs, and G&T Trackside provide a mix of casual sit down and bar and grill options These are complemented by additional fast casual and QSR style offerings in surrounding south suburban communities, accessible by a short drive along the area’s main corridors, which broadens the range of national and regional chains available for quick meals and takeout.
Daily-needs retail is anchored by neighborhood convenience and grocery options in and around Thornton and adjacent municipalities, where residents can access full line supermarkets, smaller markets, and national convenience formats for pantry staples, fresh produce, and fuel within a short drive.
Larger-format shopping centers and big box retail clusters located along the nearby interstate and arterial network further expand access to national brands, soft-goods retailers, and service tenants.
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