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.
Active
$429,000
21616 Peterson Ave, Sauk Village, IL 60411
4beds
--sqft
:
Get pre-qualified$3,289/mo
Multi Family
Built in 1977
-- sqft lot
$411,000 Zestimate®
$--/sqft
$-- HOA
What's special
Modernized infrastructureSeparately metered units
- 207 days |
- 137 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Stephanie Poulakidas 312-520-0020,
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12541118
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Features
- Basement: None
Property
Parking
- Total spaces: 2
- Parking features: Yes
Lot
- Size: 4,180 Square Feet
Details
- Parcel number: 32251090940000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
Condition
- New construction: No
- Year built: 1977
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Sauk Village
Financial & listing details
- Tax assessed value: $81,390
- Annual tax amount: $3,257
- Date on market: 1/6/2026
- Ownership: Fee Simple
Estimated market value
$411,000
$390,000 - $432,000
$1,821/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Price change | $429,000-2.3% |
Source:  MRED as distributed by MLS GRID #12541118 Report a problem | ||
| 1/6/2026 | Listed for sale | $439,000+416.5% |
Source: MRED as distributed by MLS GRID #12541118 Report a problem | ||
| 7/30/2025 | Sold | $85,000-22.7% |
Source: Public Record Report a problem | ||
| 5/17/2025 | Listed for sale | $110,000-9.8% |
Source: MRED as distributed by MLS GRID #12368269 Report a problem | ||
| 5/9/2005 | Sold | $122,000+5.2% |
Source: Public Record Report a problem | ||
| 4/7/2003 | Sold | $116,000+20.2% |
Source: Public Record Report a problem | ||
| 2/2/2000 | Sold | $96,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,257 +3.2% | $8,139 +0% |
| 2023 | $3,157 -1.9% | $8,138 +30.2% |
| 2022 | $3,218 -1% | $6,248 |
| 2021 | $3,249 +6% | $6,248 |
| 2020 | $3,066 -17.5% | $6,248 -25.3% |
| 2019 | $3,715 -1.6% | $8,364 |
| 2018 | $3,777 -6% | $8,364 |
| 2017 | $4,019 +21.6% | $8,364 +28.3% |
| 2016 | $3,304 +4.8% | $6,520 |
| 2015 | $3,152 +0% | $6,520 |
| 2014 | $3,152 +3.5% | $6,520 -5.4% |
| 2013 | $3,044 +2.1% | $6,894 |
| 2012 | $2,982 +7.6% | $6,894 |
| 2011 | $2,771 +6.6% | $6,894 -10.3% |
| 2010 | $2,599 +1.5% | $7,688 |
| 2009 | $2,560 +6.8% | $7,688 -5% |
| 2008 | $2,398 +10.6% | $8,093 +12.7% |
| 2007 | $2,169 +3.2% | $7,183 |
| 2006 | $2,102 +1.1% | $7,183 |
| 2005 | $2,079 +8.8% | $7,183 +13.2% |
| 2004 | $1,911 +2.6% | $6,343 |
| 2003 | $1,863 -2.6% | $6,343 |
| 2002 | $1,913 +4.6% | $6,343 +8.1% |
| 2001 | $1,828 +2.2% | $5,868 |
| 2000 | $1,788 -1.4% | $5,868 |
| 1999 | $1,813 | $5,868 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60411
Nearby schools
GreatSchools rating
- NAWagoner Elementary SchoolGrades: PK-2Distance: 0.4 mi
- 2/10Rickover Jr High SchoolGrades: 6-8Distance: 1.2 mi
- 5/10Bloom Trail High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: 168
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $428,6004 bd2 ba1.9k sqft21616 Peterson Ave, Sauk Village, IL 60411Off Market
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- $159,9003 bd2 ba926 sqft21610 Peterson Ave #0, Chicago Heights, IL 60411For Sale
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- $8,5003 bd1 ba926 sqft21608 Peterson Ave, Sauk Village, IL 60411Sold
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- $121,9003 bd1 ba1.1k sqft21606 Peterson Ave, Sauk Village, IL 60411Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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