17334 Ridgeland Ave - Apartments FOR SALE


Tinley Park, IL 60477
$885,000 USD
219-805-5200
17334 Ridgeland Ave, Tinley Park, IL for Sale
$885,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

17334 Ridgeland Ave
Tinley Park, IL 60477


OVERVIEW

Ellsbury Commercial Group is pleased to present 17334 Ridgeland Ave, Tinley Park, IL, a 6-unit multifamily property offering both strong current income and significant upside potential. The building spans 10,100 sq. ft. on a 10,019 sq. ft. lot (0.23 acres) and features a balanced unit mix: four 2-bedroom/1-bath units and two 1-bedroom/1-bath units. The property currently generates $10,650 in monthly rental income ($127,800 annually). Two units operate as short-term Airbnb rentals, capturing above-average rents and providing a diversified income profile. With market rent adjustments and continued Airbnb optimization, stabilized gross income is projected to reach $145,000–$150,000 annually. This combination of reliable cash flow, value-add potential, and a desirable Tinley Park location makes this property an attractive multifamily investment opportunity.

FOR SALE DETAILS

PRICE

$885,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

6

PRICE/UNIT

$147,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R-6

APN/PARCEL ID

28-30-414-058-0000

ASK ABOUT THIS PROPERTY

Tariq SubohEllsbury Commercial GroupMore Info
219-805-5200

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Tariq SubohEllsbury Commercial GroupMore Info
219-805-5200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.