Fully Occupied 18 Unit Multifamily Investment Property
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. 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, ensure 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.
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