16300 Louis Avenue

South Holland, IL 60473

Discover an exceptional investment opportunity in South Holland, IL-a thriving suburban market just 20 miles South of downtown Chicago. This well-maintained, six-story property spans 162,816 square feet on nearly 8 acres of landscaped grounds and was originally designed as an independent and assisted living facility. With 253 units, a thoughtfully designed layout, and modern amenities, the property fosters a vibrant and engaging living environment. Prime Redevelopment Potential - Ideal for senior living or a condo conversion. Abundant Amenities - Includes a grand dining hall, recreation rooms, commercial kitchen, cafe, library, multiple lounges, activity rooms, chapel, salon, and common balconies on each floor. Scenic Outdoor Features - Lush courtyards, walking paths, and a gazebo provide a tranquil setting. Recent Capital Improvements - since 2019, including: New roof, 50 studio-to-one-bedroom conversions including kitchenettes and Common area renovations. Strategic Location & Strong Market Demand in this Densely populated area - Over 460,000 residents within a 7-mile radius. Zoning Restrictions Favor Senior Housing - South Holland does not permit multi-family housing for residents under 55, making this an exclusive senior housing opportunity. Financial Advantage - The property's current non-profit ownership has enjoyed property tax exemption, further enhancing its financial appeal. This rare opportunity allows investors to acquire a significant asset at a substantial discount to replacement cost. Whether revitalizing it as a premier senior living community or capitalizing on the growing demand for 55+ housing, this property presents tremendous upside potential.

Listing Courtesy of MRED as distributed by MLS Grid of Crown Heights Realty



Based on information submitted to the MLS GRID as of 2025-04-20 10:45 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-04-20 10:45 PM UTC
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