Commercial > Multi-family / Apartments
Active
10/09/2024
List Price
$2,450,000$149/ft²
9826 Sayre Ave
Chicago Ridge, IL 60415
- -Bed
- 18Baths
- 16,466ft²Living Area
- 0.5acLot Size
- -Pool
- -Car
- 1972Year Built
- 122DOM
- -Permit
9826 Sayre Ave, Chicago Ridge, IL 60415 is a 18 bath, 16,466 ft² multi-family/apartments property built in 1972 on a 0.450 acre lot. This multi-family/apartments is currently listed for $2,450,000.
MLS Description
The listing agent's description. Original Listing
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.
Listing Agents
The listing agent for 9826 Sayre Ave is Randolph Taylor.
RT
Randolph Taylor
eXp Commercial
Phone: (317) 750-2964
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2022$49,910.63From latest Total Assessed Value38%Total Assessed Value$131,336=Land+
Assessed Value$16,815Additions
Assessed Value$114,521
In 2022, taxes billed for 9826 Sayre Ave were $49,910.63, which is 38.00% from latest Total Assessed Value of $131,336.
Property History
9826 Sayre Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 9826 Sayre Ave
Hazard Risks
Tornado262Hail218Wind197Particulates154Weather130Ozone112Air Pollution109Carb Mono101Nat'l Avg100Lead53Earthquake43Hurricane11
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 9826 Sayre Ave.
Walkability Index
13 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
9826 Sayre Ave has a walkability score of 13 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
19°F
High
34°F
Summer
Average
Low
63°F
High
83°F
In the winter at 9826 Sayre Ave, temperatures range from 19.23°F to 34.02°F with an average of 26.63°F. In the summer, the temperature ranges from 62.66°F to 82.59°F with and average of 72.63°F.
School Information
Public/private schools serving 9826 Sayre Ave
Public Schools
Oak Lawn Community High School
Grades: 9-12
1.51 mi
B
Ernest F Kolb Elementary School
Grades: PK-5
0.48 mi
B+
Simmons Middle School
Grades: 6-8
0.82 mi
C
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 9826 Sayre Ave have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Chicago Ridge.
Seasonal Housing units 60415
6%of housing is for seasonal rent.
Daytime Population for 60415
-16%of people during work hours.
Boundary map of Chicago Ridge.
Crime Index for 60415
93
93
The crime index in 60415 is 93, which is 0.9 times lower than national average.
Market Trends
Historical market data near 9826 Sayre Ave over selected time period.
Nearby Properties on Sayre Ave
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- 9830 Sayre Ave #Apt 3, Chicago Ridge, IL 60415 (Eastridge Condominiums) is a 0.45 acre property. It was built in 1973 and has an estimate of $135,984.
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- 9830 Sayre Ave #Apt 9, Chicago Ridge, IL 60415 (Eastridge Condominiums) is a 0.45 acre property. It was built in 1973 and has an estimate of $135,984.
- 9830 Sayre Ave #Apt 10, Chicago Ridge, IL 60415 (Eastridge Condominiums) is a 0.45 acre property. It was built in 1973 and has an estimate of $135,984.
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- 9814 Sayre Ave #Apt 104, Chicago Ridge, IL 60415 (9814 Sayre Avenue Condominiums) is a 2 bedroom and 0.47 acre property. It was built in 1977 and has an estimate of $122,402.
- 9814 Sayre Ave #Apt 201, Chicago Ridge, IL 60415 (9814 Sayre Avenue Condominiums) is a 1 bedroom and 0.47 acre property. It was built in 1977 and has an estimate of $85,467.
- 9814 Sayre Ave #Apt 202f, Chicago Ridge, IL 60415 (9814 Sayre Avenue Condominiums) is a 0.47 acre property. It was built in 1977 and has an estimate of $112,200.
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- 9836 Sayre Ave #Apt 14, Chicago Ridge, IL 60415 (Eastridge Condominiums) is a 900 square foot, 2 bedroom, 2.25 bathroom, 0.45 acre property. It was built in 1973 and has an estimate of $134,768 with a price per ft² of $150.
- 9836 Sayre Ave #Apt 7, Chicago Ridge, IL 60415 (Eastridge Condominiums) is a 0.45 acre property. It was built in 1973 and has an estimate of $136,760.
- 9814 Sayre Ave #Apt 204, Chicago Ridge, IL 60415 (9814 Sayre Avenue Condominiums) is a 0.47 acre property. It was built in 1977 and has an estimate of $125,000.
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- 9830 Sayre Ave #Apt 15, Chicago Ridge, IL 60415 (Eastridge Condominiums) is a 0.45 acre property. It was built in 1973 and has an estimate of $135,984.
- 9830 Sayre Ave #Apt 18, Chicago Ridge, IL 60415 (Eastridge Condominiums) is a 0.45 acre property. It was built in 1973 and has an estimate of $135,984.
- 9812 Sayre Ave #Apt 1d, Chicago Ridge, IL 60415 (Parkview Condominiums) is a 0.47 acre property. It was built in 1975 and has an estimate of $119,536.
- 9812 Sayre Ave #Apt 1b, Chicago Ridge, IL 60415 (Parkview Condominiums) is a 0.47 acre property. It was built in 1975 and has an estimate of $127,670.
- 9812 Sayre Ave #Apt 3a, Chicago Ridge, IL 60415 (Parkview Condominiums) is a 0.47 acre property. It was built in 1975 and has an estimate of $121,743.
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- 9812 Sayre Ave #Apt 2e, Chicago Ridge, IL 60415 (Parkview Condominiums) is a 720 square foot, 2 bedroom, 0.47 acre property. It was built in 1975 and has an estimate of $125,482 with a price per ft² of $174.
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