9826 Sayre Avenue

Chicago Ridge, IL 60415

$2,450,000
Price
28
Beds
18
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

We're 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,...We're 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.
  1. Listed by Sheetal Khokhari • eXp Realty, LLC

Property Details for 9826 Sayre Avenue

Area
Chicago Ridge
Township
Worth
Zoning
MULTI
LISTING UPDATED: 11/14/2024 12:07 AM

Property Details for 9826 Sayre Avenue

StatusActive
MLS #12206879
Days on Market6
Taxes$40,851 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1972
Lot Size0.45 AC / 19,783 SF
CountyCook County

Building Information for 9826 Sayre Avenue

Stories3Residences18Year Built1972Building Size-Lot Size0.45 AC / 19,783 SF

Property Information for 9826 Sayre Avenue

General Information
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Hot Water,Baseboard
  • Num of Baths: 18.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 19,783 SF
  • Lot Size Square Feet: 19783.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Building Area Total: 14500
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 1
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 18
Income & Expenses
  • Electric Expense: $2,064.00
  • Fuel Expense: $6,105.00
  • Gross Income: $273,324.00
  • Gross Scheduled Income: $282,476.00
  • Insurance Expense: $6,281.00
  • Maintenance Expense: $9,000.00
  • Manager Expense: $13,442.00
  • Electric Expense Source: Actual
  • Expense Year: 2024
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 2700
  • Manager Expense Source: BP
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 22777
  • Water Expense Source: Actual
  • Net Operating Income: $160,744.00
  • Operating Expense: $108,106.00
  • Other Expense: $3,985.00
  • Trash Expense: $7,037.00
  • Water Sewer Expense: $12,001.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 10
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 9826 Sayre Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9826 Sayre Avenue

Taxable ValueLand$16,815Additions$114,521Total$131,336
Tax Record2022$49,911 ($4,159 / month)
Home Facts
Stories3Lot Size19,783 SqFtStyleMulti-Family Res (5+ Units)Year Built1972CountyCOOKAPN24-07-113-021

Schools near 9826 Sayre Avenue

This home is within Oak Lawn Chsd 229 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 12
Rating
School
Distance
Ernest F Kolb Elementary School
PublicPK to 5

Simmons Middle School
Public6 to 8

Oak Lawn Community High School
Public9 to 12

Universal School
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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9826 Sayre Avenue is a multi-family home for sale in Chicago Ridge, IL 60415. This property was listed for sale on November 8, 2024 by eXp Realty, LLC, it's currently listed at $2,450,000. It has been on the market for a total of 6 days and was last sold on April 27, 2023. This listing's school districts are Oak Lawn Chsd 229 School District, Ridgeland School District 122. Nearby schools include Ernest F Kolb Elementary School, Simmons Middle School and Oak Lawn Community High School. 9826 Sayre Avenue is a 28-bed, 18-bath, multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/14/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.