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Chatham, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Chatham, Illinois Market population: 12K. Explore income-producing properties with verified cap rates and operating...

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⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Chatham IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Chatham IL Properties: 2.3100%

πŸ“Š Average Income For Chatham IL Commercial Property: $81,061

Investor Questions For Chatham IL

Common questions from investors exploring commercial real estate in Chatham IL.

What's the overall investment outlook for Chatham, IL, considering its demographics and economy? +
Chatham's median household income of $81,061, combined with a low poverty rate of 4.4% and high health insurance coverage of 97.5%, suggests a stable and attractive market for investors, with a strong foundation in industries like Information and Professional Services.
How does the city's commute time and transportation infrastructure impact rental demand? +
The average commute time of 22.8 minutes, with top commute methods including driving alone and working from home, indicates a convenient and flexible transportation infrastructure, which, paired with a high employment rate of 6,253 and diverse top industries, supports a strong rental market.
What role does ethnic diversity play in shaping the local real estate market? +
Chatham's ethnic diversity, led by a White population of 48.0% and White Non-Hispanic population of 47.3%, alongside a mix of other ethnicities, contributes to a culturally rich environment, which, combined with a median property value of $168,700 and high homeownership rate of 80.4%, suggests a stable and potentially appreciating housing market.
How do income inequality and poverty rates influence the quality of tenants and property values? +
The relatively low poverty rate of 4.4% and a GINI coefficient of 0.332, indicating moderate income inequality, suggest that Chatham has a working population with stable incomes, which, paired with high health insurance coverage of 97.5%, points to reliable tenants and a positive outlook for property values.
What are the implications of Chatham's high health insurance rate and low poverty rate for real estate investors? +
The high health insurance rate of 97.5% and low poverty rate of 4.4% in Chatham imply a population with access to healthcare and stable employment, reducing the risk of investment and suggesting a market with long-term potential for growth, supported by a median household income of $81,061 and a diverse economy with top industries in Information and Professional Services.

Chatham IL Real Estate & City Facts

Key facts and real estate information about Chatham IL.

What are some of the best neighborhoods to live in Chatham? +
Some of the best neighborhoods to live in Chatham include Chestnut, which is a peaceful and family-friendly neighborhood with beautiful tree-lined streets, and East Chatham, which is known for being friendly and down-to-earth.
What are some fun things to do in Chatham? +
There are plenty of fun things to do in Chatham, such as visiting the Apple Barn, a charming orchard business, or the Chatham Railroad Museum. You can also check out the Illinois State Fairgrounds, Lincoln's home, and other attractions like the AMC 12 Theater, Knights Action Park, and Route 66 Drive-in Theater.
What is the food scene like in Chatham? +
The food scene in Chatham is diverse, with options like Chinese cuisine at Great Wall Restaurant, Mexican food at El Patio, and Thai food at other local eateries. There are also plenty of great food trucks and restaurants in the surrounding area, such as those in Springfield, including Anvil & Forge Brewing and Distilling, Bald Buddha Brewing, and Cooper's Hawk Winery and Restaurant.
What are the pros and cons of living in Chatham? +
The pros of living in Chatham include its peaceful and family-friendly neighborhoods, fun attractions, and diverse food scene. However, some cons might include the limited number of restaurants and shops in the immediate area, and the need to travel to nearby cities like Springfield for more options. Overall, Chatham seems to be a great place to live for those who value a quiet, small-town feel with easy access to bigger city amenities.
Is Chatham a good place to live? +
Yes, Chatham appears to be a good place to live, with its friendly neighborhoods, fun attractions, and diverse food scene. While it may have some limitations, the town's peaceful atmosphere and easy access to nearby cities make it an attractive option for those looking for a quiet, small-town feel with plenty of amenities nearby.
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