16300 Louis Ave South Holland, IL 60473

This exceptional 162,816 square foot, six-story apartment building in South Holland, IL, presents a compelling redevelopment opportunity. Situated on nearly 8 acres, this property boasts 253 units and 112 parking spaces. Originally built in 1974 and renovated in 2019, the building includes a grand dining room, recreation room, commercial kitchen, café, library, lounge areas, activity rooms, chapel, and salon. Common balconies are featured on each floor. The property, previously a senior living community, benefits from over $1.5 million in capital improvements completed in 2019, including a new roof and unit conversions. Located in Cook County, with the address 16300 Louis Ave, zip code 60473, this property is zoned residential and offers significant value-add potential. The asking price is $225,000, translating to $889.33 per unit and $1.38 per square foot. The property is currently vacant and owned by a non-profit entity, which has previously benefited from property tax exemption. This prime location within a densely populated suburb, less than 20 miles south of Chicago, offers strong local demand fundamentals, supported by a population exceeding 460,000 within a 7-mile radius. The property is being auctioned.