4335 Lindenwood Dr - Apartments FOR SALE


Matteson, IL 60443
$829,000 USD
224-401-9152
4335 Lindenwood Dr, Matteson, IL for Sale
$829,000 USD
Apartments - FOR SALE
1/16
null | 7.66% Cap Rate

4335 Lindenwood Dr
Matteson, IL 60443


HIGHLIGHTS

  • 6 Total Units | (5) 2BR & (1) 1BR
  • 5 Fully Updated Units | 1 Partially Updated Unit (Updated Kitchen)
  • Roof Replaced 2023 | Boiler 2020 | Water Heater 2020
  • NOI: $63,476 (Current) | $83,961 (Pro Forma)
  • Cap Rate: 7.66% (Current) | 10.13% (Pro Forma)

OVERVIEW

Fully Stabilized 6-Unit Investment Opportunity in Matteson, IL AJ Commercial Group is pleased to present 4335 Lindenwood Dr, a well-maintained 6-unit multifamily property located in the heart of Matteson, one of Chicago’s most accessible south suburbs. The property offers an excellent current cap rate of 7.66% with upside to 10.13% through rent increases and light unit upgrades. The building features a balanced mix of (5) two-bedroom and (1) one-bedroom units, all spacious and separately metered. Recent improvements and stable tenancy make this a low-maintenance, income-producing asset ideal for both local and out-of-state investors. Situated near major highways (I-57, I-80, I-294, and I-355) and Metra Electric commuter rail, tenants benefit from excellent access to employment, retail, and amenities throughout Chicago’s Southland region. The property is located minutes from the Market Square Crossing redevelopment, enhancing long-term appreciation potential.

FOR SALE DETAILS

PRICE

$829,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

6

PRICE/UNIT

$138,167

CAP RATE

7.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,023 SF

ZONING

-

APN/PARCEL ID

31-22-206-002-0000

ASK ABOUT THIS PROPERTY

Joey BatlinerListing Leaders NWMore Info
224-401-9152

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Joey BatlinerListing Leaders NWMore Info
224-401-9152

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