Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of CompassMREDas Distributed by MLSGrid- MLS# 12541118MLS Provider

21616 Peterson AvenueSauk Village, IL 60411

Multi-Family · 4 Beds
$429,000 Active

21616 Peterson Avenue Overview

Time on Site:
175 days
Visits:
3

Beautifully renovated and fully occupied, this turnkey 4-unit investment property presents a rare opportunity for immediate cash flow with minimal owner responsibilities. The building features separately metered units consisting of one 2-bedroom apartment, two 1-bedroom apartments, and one studio unit, offering a diversified rental mix attractive to a broad tenant base. Extensively updated with new electrical, plumbing, and mechanical systems, this property has been thoughtfully improved for long-term durability and low maintenance ownership. With tenants responsible for their own utilities, owner expenses are limited to real estate taxes, insurance, and water, creating an efficient operating profile. An ideal addition to any investment portfolio, this stabilized asset combines strong occupancy, modernized infrastructure, and dependable income potential.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

21616 Peterson Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 206

Income/Expenses

  • Gross Income: 51480
  • Insurance Expense: 3000
  • Water Sewer Expense: 1500

Building Information

  • New Construction: No
  • Year Built: 1977

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Sauk Village
  • Township: Bloom

Tax Information

  • Tax Annual Amount: $3,257.00
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 32251090940000
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 4
  • Bedrooms Possible: 4
  • Full Baths Building: 4

General Information

  • Basement: None
  • Heating: Natural Gas, Forced Air
  • Rooms Total: 10

Exterior

Parking Information

  • Parking Features: Yes
  • Parking Total: 2

Lot Information

  • Lot Size Dimensions: 4180
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding, Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 885
  • Beds Total: 0
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1135
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1135
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 1135
  • Beds Total: 1
  • Baths Total: 1

21616 Peterson Avenue Neighborhood

Community

60411 (Chicago Heights) Demographics

35
Median Age
1,786
Population Density (per sq. mile)
26%
College Educated
$49,281
Estimated Median Income
12,258
Estimated Total Home Owners
6,738
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

21616 Peterson Avenue Monthly Cost

$
$ %
%
$
$
Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

21616 Peterson Avenue Market Data

Based on the last 30 days in this zip code

$248,386
Average List Price
$152
Average Price per Square Foot
32
Properties Sold
95
Average Days on Market
202
Properties for Sale
Calculations provided by Reliance Network

21616 Peterson Avenue History

Date Event Value Agent
3/21/2026Source: MRED Status Change
Active
3/16/2026Source: MRED Price Reduction
$429,000 -2.3%
3/16/2026Source: MRED Status Change
Price Change
1/10/2026Source: MRED Status Change
Active
1/5/2026Source: MRED Added to Database
January 05, 2026
7/31/2025Source: MRED Status Change
Closed
6/13/2025Source: MRED Status Change
Contingent
6/8/2025Source: MRED Status Change
Active
6/3/2025Source: MRED Added to Database
June 03, 2025