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$675,000
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Property Description
474 W. 14th Place is a well-maintained 8-unit multifamily property located in Chicago Heights, just off Route 30 - Lincoln Highway, with convenient access to retail, dining, public transportation, and major regional employers. The property benefits from its proximity to Prairie State College, Franciscan Health Olympia Fields, and major industrial and logistics corridors throughout the south suburbs. The property features a unit mix of (1) one-bedroom / one-bathroom unit and (7) two-bedroom / one bathroom units, offering strong appeal to the area's workforce housing tenant base. The apartment units have been renovated with updated kitchens, flooring, paint, bathrooms, and other interior improvements, providing investors with strong in-place cash flow and limited deferred maintenance. Recent capital improvements include a newer parking lot and hot water heater, helping support the long-term condition of the asset. Tenants are responsible for their own heat and electric, helping reduce operating expenses for ownership. The asset offers an attractive combination of stable occupancy, operational efficiency, and long-term rental demand within an established workforce housing market
Full Property Details
Full Property Details for 474 W 14th Pl
General
- Price: $675,000
- HOA FEE: $3,053
- Taxes: $23,391 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12693968
- Updated: 7/8/2026
- Added to Site: 86 day(s) ago
Location
- Area: Chicago Heights
- County: Cook
- Driving Directions: east on 14th place and north on Division st
Heating & Cooling
- Heating Type: Baseboard
Utilities
- Trash: 3113
Structural Information
- Stories/Levels: 2
- Year Built: 1977
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 90 x 145
Financial Considerations
- Maint. Fee: $3,053
- Insurance Fee: $7,897
- Operating Expenses: $66,924
- Other Fee: $13,729
- Assessment Year: 1977
- Tax Amount: $23,391
- Tax Year: 2024
- Pays Electric: 982
- Pays Trash: 3113
Disclosures and Reports
- Property ID: 32194040090000
Listed by Sperry Van Ness
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Schools
Schools serving 474 W 14th Pl
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 | 0.6 mi |
Bloom High School 101 West 10th Street, Chicago Heights, IL 60411 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 474 W 14th Pl
Date
Details
Price
Change
Source
6/30/2026
Listed
$675,000
132.76%
MLS
6/11/2019
Sold
$290,000
—
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 474 W 14th Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,305
—
$2,456
—
2023
$1,305
-60%
$2,455
-53%
2022
$3,273
4%
$5,179
—
2021
$3,143
3%
$5,179
—
2020
$3,043
36%
$5,179
34%
2019
$2,232
3%
$3,876
-2%
2018
$2,159
103%
$3,943
—
2017
$1,063
-45%
$3,943
9%
2016
$1,932
1%
$3,603
—
2015
$1,910
1%
$3,603
—
2014
$1,893
4%
$3,603
—
2013
$1,823
3%
$3,603
—
2012
$1,766
—
$3,603
—
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 474 W 14th Pl
474 W 14th Place, Chicago Heights, IL 60411 (MLS# 12693968) is a Commercial property. 474 W 14th Place is currently listed for $675,000 and was received on June 30, 2026. Want to learn more about 474 W 14th Place? 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.

