$2,450,000

9826 Sayre Avenue, Chicago Ridge, IL 60415

  • 14,500 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1972
  • Property Lot Size Icon0.45acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $169/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Fully Occupied 18-Unit Multifamily Asset in Chicago Ridge, IL is a stabilized and well-maintained 18-unit multifamily property located in the strong rental submarket of Chicago Ridge, just 14 miles southwest of downtown Chicago. With a mix of eight one-bedroom and ten two-bedroom apartments, this low-rise garden-style asset delivers both immediate cash flow and long-term upside. This turnkey investment features: Recent capital expenditures include a refresh renovation of six units, sealcoating and striping of the parking lot, and an HD Camera Security System. Attractive Unit Features like open layouts, private patios/balconies, exposed brick interiors, baseboard heating, and AC sleeve units Amenities such as on-site laundry, storage spaces, 24 parking spaces, HD security video surveillance, and a monitored fire alarm system Positioned on nearly half an acre, the property boasts 24,831 SF of building area and 16,466 SF of leasable space. Residents enjoy quiet residential surroundings with convenient access to major routes like I-294, Route 20, and Route 43. The location also offers proximity to the Metra station and regional amenities, including Chicago Ridge Mall, dining, and retail options. Current rents are below market, presenting a strong value-add opportunity to increase income through light unit upgrades and lease turnovers. With limited new supply in the area and sustained tenant demand, this asset is well-positioned for future growth. Whether looking for a stable income-producing asset or a property with upside through rental repositioning, 9826 Sayre delivers both.

Listing Status:
Active
Listing Office:
eXp Realty : 773-272-5966
Listing Agent:
Sheetal Khokhari : 773-272-5966
MLS ID:
12401966
  • Originating MLS: mred
  • County: Cook

This listing courtesy of Sheetal Khokhari, eXp Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Oak Lawn Community High School

9400 Southwest Hwy, Oak Lawn, IL, 60453

Grades 9-12

1.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.