Multifamily
Ridgeland Station
10350 S Ridgeland Ave, Chicago Ridge, IL 60415
Listing Price: $10,500,000
Investment Overview
Marcus & Millichap is pleased to present this 84-unit apartment property, built in 1972, located at 10350-10400 South Ridgeland Avenue in Chicago Ridge, Illinois.
The building is comprised of 39 one-bedroom / one-bathroom units and 45 two-bedroom / one-bathroom units, measuring on average, approximately 695 and 903 square feet, respectively. The property features 12 renovated units, 25 garage parking spaces, ample off-street parking, designated tenant storage, on-site laundry facilities, is tenant heated, and has an on-site management office.
This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow and the potential for an upside in rents through completion of renovation for all units.
Ridgeland Station
Investment Highlights
- Desirable Unit Mix of Mostly One-Bedroom and Two-Bedroom Units
- 12 Renovated Units with Proven Upside in Rents
- 25 Garage Parking Spaces, with Monthly Rent of $75 per Space, Ample Off-Street Parking, Designated Tenant Storage, On-Site Laundry Facilities, Tenant Heated, On-Site Management Office
- Easy Access to Interstate 294, Route 43 and Route 20
- Walking Distance to Chicago Ridge Metra Station and PACE Bus Stop
- High Visibility Location
- One and One-Half Miles from Chicago Ridge Mall which includes Aldi, Kohl's, The Home Depot, AMC, Chick-fil-a and Chili's, Among Other Retail and Dining Options
- Close to Chicago Ridge Public Library and Stony Creek Golf Course, Near Elden D. Finley Junior High School, Surrounded by Recreational Parks, including Tower Park and Freedom Park
Exclusively Listed By
Listing Price: $10,500,000
Investment Highlights
- Desirable Unit Mix of Mostly One-Bedroom and Two-Bedroom Units
- 12 Renovated Units with Proven Upside in Rents
- 25 Garage Parking Spaces, with Monthly Rent of $75 per Space, Ample Off-Street Parking, Designated Tenant Storage, On-Site Laundry Facilities, Tenant Heated, On-Site Management Office
- Easy Access to Interstate 294, Route 43 and Route 20
- Walking Distance to Chicago Ridge Metra Station and PACE Bus Stop
- High Visibility Location
- One and One-Half Miles from Chicago Ridge Mall which includes Aldi, Kohl's, The Home Depot, AMC, Chick-fil-a and Chili's, Among Other Retail and Dining Options
- Close to Chicago Ridge Public Library and Stony Creek Golf Course, Near Elden D. Finley Junior High School, Surrounded by Recreational Parks, including Tower Park and Freedom Park
Investment Overview
Marcus & Millichap is pleased to present this 84-unit apartment property, built in 1972, located at 10350-10400 South Ridgeland Avenue in Chicago Ridge, Illinois. The building is comprised of 39 one-bedroom / one-bathroom units and 45 two-bedroom / one-bathroom units, measuring on average, approximately 695 and 903 square feet, respectively. The property features 12 renovated units, 25 garage parking spaces, ample off-street parking, designated tenant storage, on-site laundry facilities, is tenant heated, and has an on-site management office. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow and the potential for an upside in rents through completion of renovation for all units.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
