9826 Sayre

Chicago Ridge, IL 60415

Fully Occupied 18-Unit Multifamily Asset in Chicago Ridge, IL is a stabilized and well-maintained 18-unit multifamily property located in the strong rental submarket of Chicago Ridge, just 14 miles southwest of downtown Chicago. With a mix of eight one-bedroom and ten two-bedroom apartments, this low-rise garden-style asset delivers both immediate cash flow and long-term upside. This turnkey investment features: Recent capital expenditures include a refresh renovation of six units, sealcoating and striping of the parking lot, and an HD Camera Security System. Attractive Unit Features like open layouts, private patios/balconies, exposed brick interiors, baseboard heating, and AC sleeve units Amenities such as on-site laundry, storage spaces, 24 parking spaces, HD security video surveillance, and a monitored fire alarm system Positioned on nearly half an acre, the property boasts 24,831 SF of building area and 16,466 SF of leasable space. Residents enjoy quiet residential surroundings with convenient access to major routes like I-294, Route 20, and Route 43. The location also offers proximity to the Metra station and regional amenities, including Chicago Ridge Mall, dining, and retail options. Current rents are below market, presenting a strong value-add opportunity to increase income through light unit upgrades and lease turnovers. With limited new supply in the area and sustained tenant demand, this asset is well-positioned for future growth. Whether looking for a stable income-producing asset or a property with upside through rental repositioning, 9826 Sayre delivers both.