8109 W Lawrence Ave - Apartments FOR SALE


Norridge, IL 60706
$950,000 USD
773-293-5090
8109 W Lawrence Ave, Norridge, IL for Sale
$950,000 USD
Apartments - FOR SALE
1/5
null | 3.99% Cap Rate

8109 W Lawrence Ave
Norridge, IL 60706


HIGHLIGHTS

  • Low sale market - Norridge
  • 10-minute drive to O’Hare International Airport (4.9 miles)
  • Well-balanced unit mix: 3-bedroom, 2-bedroom, and 1-bedroom apartments
  • Current rents are approximately 15% below market levels

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 8109 W. Lawrence, a well-maintained five (5) unit building located in a desirable Northwest Side location of Chicago. The property benefits from its proximity to public transportation, retail corridors, restaurants, and major commuter routes, making it an attractive option for a wide range of tenants. 8109 W. Lawrence features a diverse unit mix consisting of one (1) 3Bd/1Ba unit, one (1) 2Bd/1Ba unit, one (1) studio unit, and two (2) 1Bd/1Ba units. The variety of layouts allows the property to appeal to multiple tenant profiles while providing stability through diversified rental demand. The building currently operates at a 3.99% in-place cap rate, presenting investors with the opportunity to add value through continued operational improvements and rental growth. Additionally, the property offers a pro forma cash-on-cash return of 2.46%, creating long-term upside potential in a strong and stable rental market.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

5

PRICE/UNIT

$190,000

CAP RATE

3.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

12-14-205-041-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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