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33533238
33533237

2 Locations

JP
IL 471010441
Horvath & Tremblay
AS
IL 475173833
Listed by Horvath & Tremblay
$1,950,000
1 day on market
Updated 1 day ago

14446 & 14500 S Torrence Ave

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 24,000
Net Rentable (SqFt) 20,000
Units 24
Cap Rate 8.45%
NOI $164,833
Year Built 1968
Buildings 2
Stories 3
Acreage 0.400
Parking Spaces spaces
Ownership Fee Simple

Multi-Family | 24 Units | 24,000 Sq Ft

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 14446 & 14500 S Torrence Ave in Burnham, IL (the “Property”). The two (2) three-story buildings contain twenty-four (24) total units, twelve (12) units at each building, with each building comprised of five (5) 2-Bedroom/1-Bathroom units and seven (7) 1-Bedroom/1-Bathroom units. The Property contains 20,000 square feet of gross living area in 24,000 square feet of gross area and is situated upon a 0.4-acre parcel and features twenty-four (24) off-street parking spaces.

14446 & 14500 S Torrence Avenue are strategically positioned within the south suburban Chicago community of Burnham, offering direct access to one of the region’s most significant industrial and logistics corridors. The properties benefit from immediate proximity to S Torrence Avenue, a major north-south thoroughfare connecting residents and businesses to nearby employment centers throughout Burnham, Calumet City, Hammond, and the greater Southeast Chicago market.

Investment highlights

ACCESS & CONNECTIVITY

Bus service is provided via Pace Route 358, which serves S Torrence Avenue and has a nearby stop at Torrence and 141st Street, providing direct connectivity to the Hegewisch South Shore Line station and surrounding South Cook County destinations.

Commuter rail access is available via the nearby Hegewisch station on the South Shore Line, which links riders to Millennium Station in downtown Chicago and destinations east into northwest Indiana.

By car, the Property is well positioned near Interstate 94 and the Bishop Ford/ Calumet Expressway, with additional access to the broader regional highway network via nearby I-90 and I-94 connections.

AREA AMENITIES & DEMAND DRIVERS

14446 & 14500 S Torrence Avenue benefit from a strategic location within the Calumet industrial corridor, one of the largest concentrations of manufacturing, logistics, transportation, and industrial employment in the Chicago metropolitan area.

Major nearby employers include the Ford Motor Company Chicago Assembly Plant in neighboring Hegewisch, which employs approximately 5,800 workers and anchors a large automotive manufacturing ecosystem with numerous supplier facilities throughout the area.

The broader Lake Calumet Industrial Corridor contains more than 1,500 companies and approximately 83,000 manufacturing jobs, creating a significant source of employment for residents throughout Burnham and the surrounding south suburban communities.

Residents enjoy convenient access to Lake Michigan shoreline destinations, the recreational amenities of the Calumet region, and shopping and dining options throughout Calumet City, Lansing, Hammond, and Munster.

DESIRABLE 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 a mix of boiler & gas-powered heating, gas & electric powered hot water, and city water & sewer.

OFF-STREET PARKING & AMENITIES

The Property features ample parking with twenty-four (24) off-street parking spaces. STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 15,600 people live within 1 mile of the Property with an average household income of $75,566. Over 94,600 people reside within 3 miles of the Property with an average household income of $74,039.

QUALITY OF LIFE AMENITIES

National and regional dining options are concentrated along S Torrence Avenue, River Oaks Drive, and Indianapolis Boulevard, with popular chain restaurants including Olive Garden, Texas Roadhouse, Buffalo Wild Wings, Red Lobster, and Applebee’s located within a short drive.

Quick-service and fast-casual options such as Chick-fil-A, Chipotle, Panera Bread, Starbucks, McDonald’s, Wendy’s, Taco Bell, Culver’s, and Dunkin’ provide convenient daily dining choices, while local favorites throughout the Calumet region offer a diverse mix of Italian, Mexican, barbecue, and seafood cuisine.

Retail amenities are anchored by the extensive shopping corridors of Calumet City and Lansing, highlighted by River Oaks Center and the surrounding retail district, which features a concentration of national retailers, restaurants, entertainment venues, and service providers.

Residents have convenient access to major grocery operators including Jewel-Osco, ALDI, Walmart Supercenter, Meijer, Strack & Van Til, and Food 4 Less, ensuring a broad range of shopping options for everyday needs.

Listing Contacts

JP
IL 471010441
Horvath & Tremblay
AS
IL 475173833
Listed by Horvath & Tremblay

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$164,833.00
$13,736.08/mo

Valuation Metrics

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DSCR
8.45%
Cap Rate
8.45%
ROI

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Additional Information

Name
JOHN PRZYBYLA
License
471010441
Title
Broker of Record
Name
John Przybyla
License
471010441
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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