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Hazel Crest, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Hazel Crest, Illinois Market population: 14K. Compare commercial properties across all major asset classes...

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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

📊 Average Cap Rate For Hazel Crest IL Properties: 7.68%

📊 Avg Property Tax Rate For Hazel Crest IL Properties: 4.3100%

📊 Average Income For Hazel Crest IL Commercial Property: $49,489

Investor Questions For Hazel Crest IL

Common questions from investors exploring commercial real estate in Hazel Crest IL.

What's the overall investment potential of Hazel Crest, IL? +
With a median household income of $49,489 and a poverty rate of 18.1%, Hazel Crest presents a mixed bag for investors, but the 91.2% health insurance coverage and 35.2-minute average commute time suggest a relatively stable workforce, which can be attractive for rental properties, especially given the top industries in Finance & Insurance and Public Administration.
How does the ethnic diversity of Hazel Crest impact the local real estate market? +
The city's diverse population, with 77.4% Black, 8.5% White, and 6.5% White Non-Hispanic, contributes to a vibrant community, and when combined with the median property value of $127,200 and median property taxes of $3,349, it indicates a potentially robust demand for housing, driven by the employed population of 5,205 and the presence of industries like Finance & Insurance and Real Estate & Rental & Leasing.
What are the key factors influencing the quality of life for residents and, by extension, the attractiveness of Hazel Crest to investors? +
The average commute time of 35.2 minutes, with top commute methods including driving alone, working from home, and using public transit, along with the high health insurance coverage rate of 91.2%, suggests a good quality of life, which can contribute to a stable and attractive market for investors, especially considering the city's median age of 37.5 and the relatively low poverty rate of 18.1%.
How does the income inequality in Hazel Crest, as indicated by the GINI coefficient, affect real estate investment strategies? +
The GINI coefficient of 0.431, which is relatively high, indicates significant income inequality, but when considered alongside the median household income of $49,489, the employed population of 5,205, and the top industries, it suggests that investors should focus on affordable housing options that cater to the working-class population, potentially leveraging the 66.5% homeownership rate to inform rental yield expectations.
What role does the homeownership rate play in determining the viability of real estate investments in Hazel Crest? +
The 66.5% homeownership rate, combined with the median property value of $127,200 and the median property taxes of $3,349, indicates a sizable portion of the population is invested in their homes, which can lead to more stable neighborhoods and potentially higher demand for rental properties, especially when considering the average commute time and the high rate of health insurance coverage, making Hazel Crest an interesting market for both rental income and property appreciation strategies.

Hazel Crest IL Real Estate & City Facts

Key facts and real estate information about Hazel Crest IL.

What are some of the best neighborhoods to live in Hazel Crest? +
Some of the best neighborhoods to live in Hazel Crest, IL, are in the south parts of the city, while more affordable homes are in the northwest regions. Neighborhoods like East Hazel Crest are also popular, with a peaceful and family-friendly atmosphere.
What are some fun things to do in Hazel Crest? +
There are plenty of things to do in Hazel Crest, IL, including visiting parks, museums, and hiking trails. You can also explore the local food scene, attend community events, and check out attractions like the Maple Tree Inn. Additionally, the city is close to Chicago, making it easy to access even more activities and entertainment options.
What is the food scene like in Hazel Crest? +
The food scene in Hazel Crest, IL, is diverse and offers a range of cuisines, including American, Italian, Steakhouse, Contemporary American, and Japanese. Some popular restaurants in the area include Bell's Best BBQ & Catering, Lassen's Sports Bar & Grill, and Faye & Joe’s Southern Bowl. There are also plenty of great food trucks and casual eateries to choose from.
What are the pros and cons of living in Hazel Crest? +
The pros of living in Hazel Crest, IL, include its peaceful and family-friendly atmosphere, affordable housing options, and proximity to Chicago. However, some cons include a higher poverty rate and limited job opportunities compared to larger cities. Overall, Hazel Crest is a great option for those looking for a suburban lifestyle with easy access to urban amenities.
Is Hazel Crest a good place to live? +
Hazel Crest, IL, can be a good place to live for those who value a suburban lifestyle with a strong sense of community. While it may not offer all the amenities and job opportunities of a larger city, its affordable housing, good schools, and proximity to Chicago make it an attractive option for families and individuals looking for a more relaxed pace of life.
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