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$289,000 Just Listed
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Property Description
Strong cash-flowing opportunity in the heart of Chicago Heights! This well-positioned five-unit building at 1217 Park Ave offers an ideal unit mix with a total of 8 bedrooms and 5 bathrooms, providing excellent rental flexibility and broad tenant appeal. The unit breakdown includes three spacious 2 bedroom, 1 bath units, one 1 bedroom, 1 bath unit, and one studio, 1 bath unit. The diverse layout allows investors to capture multiple rental price points while maintaining steady occupancy. Each unit offers functional floor plans, comfortable living areas, and strong long-term income potential. The property features a private rear parking lot, a valuable amenity for tenants that also lowers maintenance overhead. Located near downtown Chicago Heights with easy access to shopping, dining, public transportation with easy interstate access. Add this income-producing asset to your portfolio and take advantage of continued rental demand in this established south suburban market.
Full Property Details
Full Property Details for 1217 Park Ave
General
- Price: $289,000
- Taxes: $9,812 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12575053
- Updated: 3/6/2026
- Added to Site: 2 day(s) ago
Interior
- Basement: Sub-Baseme
Location
- Area: Chicago Heights
- County: Cook
- Township: Bloom
- Driving Directions: When heading toward West End Ave turn right onto Park Ave and the home will be on the right.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas
Utilities
- Onsite: Water Available
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Sub-Basement
- Stories/Levels: 3
- Square Feet: 3,256
- Current Bldg. Use: Multi-Family
- Year Built: 1907
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,625
- Lot Dimensions: 147 x 39 x 147 x 39
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $9,812
- Assessment Year: 1907
- Tax Amount: $9,812
- Tax Year: 2024
- Tenant Pays: Electricity, Heat, Sewer
Disclosures and Reports
- Property ID: 32202090040000
Listed by Redfin Corporation
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Schools
Schools serving 1217 Park Ave
School Districts:Chicago Heights School District 170, Bloom Township High School District 206
| Name | Grades | Distance |
|---|---|---|
Roosevelt Elementary School, Chicago Heights, IL 1345 Sunnyside Avenue, Chicago Heights, IL 60411 | K-8 | 0.8 mi |
Bloom High School 101 West 10th Street, Chicago Heights, IL 60411 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1217 Park Ave
Date
Details
Price
Change
Source
3/05/2026
Listed
$289,000
725.71%
MLS
7/17/2020
Sold
$35,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1217 Park Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,588
-14%
$18,035
2%
2022
$11,149
4%
$17,640
—
2021
$10,706
3%
$17,640
—
2020
$10,366
15%
$17,640
13%
2019
$9,003
5%
$15,632
—
2018
$8,559
5%
$15,632
—
2017
$8,182
91%
$15,632
49%
2016
$4,291
3%
$10,500
—
2015
$4,176
—
$10,500
—
2014
$4,167
-7%
$10,500
-9%
2013
$4,493
2%
$11,509
—
2012
$4,419
—
$11,509
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1217 Park Ave
1217 Park Avenue, Chicago Heights, IL 60411 (MLS# 12575053) is a Commercial property. 1217 Park Avenue is currently listed for $289,000 and was received on March 05, 2026. Want to learn more about 1217 Park Avenue? Do you have questions about finding other Commercial real estate for sale in Chicago Heights? You can browse all Chicago Heights real estate or contact a Coldwell Banker agent to request more information.

