9826 Sayre Ave

9826 Sayre Ave, Chicago Ridge, IL 60415

  • For Sale $2,450,000
  • Property Type Multi-Family
  • Property Size 24,831 SF
  • Units 18
  • Lot Size 0.45 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 24
  • Property Tenancy Multi-Tenant
  • Year Built 1972
  • Year Renovated 2024
  • Date Updated Oct 21, 2024
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.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.

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Highlights

  • Fully Occupied 18-Unit Multifamily Property
  • Mix of Eight One-Bedroom and Ten Two-Bedroom Units
  • Six Renovated Units with Upside Potential
  • High-Efficiency Boiler System
  • Spacious Units with Open Layouts and Exposed Brick
  • Baseboard Heating and AC Sleeve Units
  • Owned Washers and Dryers in On-Site Laundry
  • Private Patios or Balconies
  • Ample Storage and Off-Street Parking
  • Monitored Fire Alarm System, Nearby Fire Hydrant, and HD Video Security
  • Strong Occupancy in Desirable Chicago Ridge
  • Potential for Rent Growth Through Further Renovations

Contacts

broker

Dave Snehal, CCIM

eXp Commercial

Location

Getting Around

  • Walk Score ®

    35/100 Car-Dependent
  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Chicago Ridge, IL
  • Neighborhood Chicago Ridge
  • Zip Code 60415
  • Market Chicago

Points of Interest

  • Chicago Ridge

    0.97 miles

  • Oak Lawn

    2.38 miles

  • Willow Springs

    4.55 miles

  • Ashburn

    4.62 miles

  • Summit

    5.76 miles

  • 143rd Street (Orland Park)

    6.40 miles

  • 103rd Street (Beverly Hills)

    6.50 miles

  • 107th Street (Beverly Hills)

    6.51 miles

  • 111th Street (Morgan Park)

    6.55 miles

  • 99th Street (Beverly Hills)

    6.56 miles

  • Shell

    0.53 miles

  • eVgo

    0.55 miles

  • Shell

    0.64 miles

  • Mobil

    0.68 miles

  • Thorntons

    0.97 miles

  • BP

    1.03 miles

  • BP

    1.18 miles

  • Speedway

    1.30 miles

  • Speedway

    1.36 miles

  • Shell

    1.42 miles

  • Lot B2

    2.44 miles

  • Lot S1

    2.45 miles

  • Lot S2

    2.48 miles

  • Lot L1

    2.50 miles

  • Lot T1

    2.53 miles

  • Lot A

    2.59 miles

  • Lot D

    2.66 miles

  • Lot D3

    2.72 miles

  • Lot C3

    2.76 miles

  • Lot C1

    2.76 miles

  • Bridgeview Inn

    0.32 miles

  • Blue Star Motel

    0.54 miles

  • Motel 6 Bridgeview, IL

    0.74 miles

  • JC Miami Hotel

    0.98 miles

  • Super 8 by Wyndham Bridgeview/Chicago Area

    2.67 miles

  • Midway Suites

    2.82 miles

  • Oak Lawn Hilton

    2.91 miles

  • Aloha Motel

    3.27 miles

  • Best Western Inn & Suites - Midway Airport

    3.43 miles

  • Hampton Inn & Suites Bridgeview Chicago

    3.73 miles

  • Little Caesars

    0.51 miles

  • Burger King

    0.54 miles

  • Sarku Japan

    0.57 miles

  • KFC

    0.59 miles

  • Texas Corral

    0.66 miles

  • Dunkin'

    0.66 miles

  • Auntie Anne's

    0.67 miles

  • Buffalo Wild Wings

    0.71 miles

  • Dunkin'

    0.71 miles

  • Domino's

    0.78 miles

  • Dearborn School

    0.47 miles

  • Simmons School

    0.82 miles

  • Lieb School

    0.94 miles

  • Chicago Ridge School

    1.12 miles

  • H.H. Conrady Junior High School

    1.16 miles

  • Sorrick Elementary School

    1.20 miles

  • Dorn Primary Center

    1.35 miles

  • Columbus Manor School

    1.36 miles

  • Saint Louis de Montfort School

    1.40 miles

  • Harnew School

    1.52 miles

  • Council Oak Montessori School

    7.02 miles

  • Lyon Cub Day Nursery

    7.07 miles

  • Daycare

    7.38 miles

  • Little People Montessori Academy

    7.55 miles

  • Me & You Learning Academy

    8.03 miles

  • Alphabet Learning Center

    8.07 miles

  • Little People's Country

    8.19 miles

  • Alphabet Learning Center

    8.45 miles

  • Argonne Child Development Center

    8.45 miles

  • Montessori Children's Community

    8.52 miles

Frequently Asked Questions

How much does 9826 Sayre Ave cost?

The space currently listed for sale at 9826 Sayre Ave asks for $2,450,000.

What is the total square footage of 9826 Sayre Ave?

9826 Sayre Ave totals 24,831 square feet.

When was this property built?

9826 Sayre Ave was built in 1972.

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Contact Listing Broker

broker

Dave Snehal, CCIM

eXp Commercial