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$ 2,450,000
Est. payment /mo
Active
9826 Sayre AVE Chicago Ridge, IL 60415
14,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 14,500 sqft
Price per Sqft $168
MLS Listing ID 12401966
Maintenance Fees $12,600
Year Built 1972
Annual Tax Amount $40,851
Tax Year 2023
Lot Size 0.450 Acres
Lot Dimensions 19,783 SF
Property Sub-Type Multi Family 5+
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.
Location
State IL
County Cook
Area Chicago Ridge
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
Structure Type Brick
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Listed by Sheetal Khokhari • eXp Realty