9826 Sayre Ave - Apartments FOR SALE


Chicago Ridge, IL 60415
$2,450,000 USD
773-230-8055
9826 Sayre Ave, Chicago Ridge, IL for Sale
$2,450,000 USD
Apartments - FOR SALE
1/8
null | 7.01% Cap Rate

9826 Sayre Ave
Chicago Ridge, IL 60415


HIGHLIGHTS

  • Fully Occupied 18-Unit Multifamily Property
  • Mix of Eight One-Bedroom and Ten Two-Bedroom Units
  • Six Renovated Units with Upside Potential
  • Potential for Rent Growth Through Further Renovations
  • Newer High-Efficiency Boiler System
  • Private Patios or Balconies

OVERVIEW

eXp Commercial is pleased to present to market 9826 South Sayre Avenue, a fully occupied 18-unit multifamily property in the desirable suburb of Chicago Ridge, Illinois, located 14 miles southwest of downtown Chicago. The property offers a balanced unit mix of eight one-bedroom/one-bathroom units and ten two-bedroom/one-bathroom units, with six recently renovated units to appeal to today’s renters. The property has been well maintained, with recent capital improvements that include a high-efficiency boiler heating system, ensuring lower future maintenance concerns and efficient operations for new ownership. The spacious units feature open dining and living room layouts, contemporary exposed brick interiors, and efficient baseboard heating, complemented by AC sleeve units. The property’s amenities include owned washers and dryers in the on-site laundry facility, storage spaces for tenant use, private patios or balconies for each unit, 24 numbered parking spaces in the rear, and ample off-street parking. Additionally, the property has a monitored fire alarm system, proximity to a fire hydrant, and a recently added HD video security system, enhancing safety, security, and insurance rates. This investment offers the opportunity to acquire a stable, income-generating asset with the potential for increased cash flow through further unit renovations. As leases are renewed, the property will be positioned to achieve top market rents. Please also see 24 Unit For Sale: 4337 Prescott Ave & 7821 43rd St | Lyons, IL Location Description The Southwest Cook County multifamily market offers strong rental demand and low vacancy rates, providing a stable investment environment with consistent tenant interest. Limited new construction keeps supply balanced, while positive absorption trends support rental growth potential. Chicago Ridge’s strategic location, with easy access to Route 20, Route 43, and Interstate 294, ensures convenient connectivity to the greater Chicago area. The property is just over a mile from the Chicago Ridge Metra Station and close to numerous retail, dining, and entertainment options like Chicago Ridge Mall and popular national retailers. This blend of suburban convenience and access to urban amenities positions 9826 South Sayre Avenue as a prime investment opportunity with long-term stability.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

18

PRICE/UNIT

$136,111

CAP RATE

7.01%

% 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

1972

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R3

APN/PARCEL ID

24-07-113-021-0000

ASK ABOUT THIS PROPERTY

Dave Snehal, CCIMeXp CommercialMore Info
773-230-8055

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

Dave Snehal, CCIMeXp CommercialMore Info
773-230-8055

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