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$1,200,000
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Property Description
Great Investment Opportunity, 502-504-506 Roberts Drive presents a unique opportunity to acquire a well-maintained 12-unit brick building, 2 one bedrooms and 10 two bedrooms units in the charming community of Glenwood, Illinois. This property offers consistent rental income with all units featuring spacious layouts, abundant natural light, generous closet space, and functional floor plans designed for tenant convenience and on-sight laundry facility. Ideally located near S. Halsted Street, the primary north/south arterial through Chicago's south suburbs, the property benefits from excellent accessibility and visibility. S. Halsted averages 21,100 vehicles per day and provides access to a wide range of retailers, dining, services, and community amenities. Additionally, the property is adjacent to ongoing redevelopment efforts within Glenwood's commercial corridor-further enhancing long-term investment value. Glenwood is a reputable and sought-after bedroom community, offering residents a peaceful suburban setting with easy commutes to Chicago and the surrounding Chicagoland area. Whether you're an experienced investor looking to expand your portfolio or a buyer seeking a reliable, income-producing asset, this 12-unit building is a fantastic opportunity. Roof replacements, coin laundry, interior and exterior lighting, thermostats in all units from 2022-2024. Contact us today to schedule a private tour and explore the potential of this strong investment property.
Full Property Details
Full Property Details for 502 N Roberts Dr
General
- Sold For: $1,200,000
- Taxes: $30,393 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12450881
- Added to Site: 145 day(s) ago
Interior
- Interior Features: Laundry Room
Location
- Area: Glenwood
- County: Cook
- Driving Directions: Halsted to 183rd St, East to Roberts, South to address.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Electric
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Roof: Composition
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1967
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 12
- Units w/Range/Oven: 12
Lot Features
- Lot Size (Acres): 0.51
- Lot Dimensions: 22250
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $106,284
- Assessment Year: 1967
- Tax Amount: $30,393
- Tax Year: 2023
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 32041000300000
Listed by Sancken Sole Realty
Sold by eXp Realty
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Schools
Schools serving 502 N Roberts Dr
School Districts:Homewood School District 153, Homewood-Flossmoor Community High School District 233
| Name | Grades | Distance |
|---|---|---|
Winston Churchill School 1300 190th Street, Homewood, IL 60430 | 3-5 | 1 mi |
Willow School, Homewood, IL 1804 Willow Road, Homewood, IL 60430 | PK-2 | 1.3 mi |
James Hart School 18220 Morgan Avenue, Homewood, IL 60430 | 6-8 | 0.5 mi |
Homewood-Flossmoor High School 999 Kedzie Avenue, Flossmoor, IL 60422 | 9-12 | 3 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 502 N Roberts Dr
Date
Details
Price
Change
Source
11/21/2025
Sold
$1,200,000
-7.69%
MLS
8/25/2025
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
502 N Roberts Drive, Glenwood, IL 60425 (MLS# 12450881) is a Commercial property that was sold at $1,200,000 on November 21, 2025. Want to learn more about 502 N Roberts Drive? Do you have questions about finding other Commercial real estate for sale in Glenwood? You can browse all Glenwood real estate or contact a Coldwell Banker agent to request more information.

