4335 Lindenwood Dr Matteson, IL 60443
Old Matteson NeighborhoodEstimated payment $5,865/month
About This Home
AJ Commercial Group is pleased to present 4335 Lindenwood Dr, a stabilized 6-unit multifamily property offering strong in-place income and immediate upside through rent growth. The building features (5) fully updated units and (1) partially updated unit with a renovated kitchen-making it an ideal turnkey acquisition for investors seeking dependable cash flow with limited maintenance exposure. Major capital improvements have already been completed, including a new roof (2023), boiler (2020), and water heater (2020)-ensuring long-term stability and minimal near-term expenses. The property comprises a balanced mix of (5) two-bedroom and (1) one-bedroom apartments, all spacious, and well-kept. Ideally positioned in Matteson's south suburban corridor, the property offers quick access to I-57, I-80, I-294, and I-355, as well as Metra Electric service to downtown Chicago. The nearby Market Square Crossing redevelopment and major retail along Cicero Ave and Lincoln Hwy further enhance long-term appreciation potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,000
Year Built
- Built in 1969
Lot Details
- 0.28 Acre Lot
- Corner Lot
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Pitched Roof
Interior Spaces
- 5,680 Sq Ft Home
- 3-Story Property
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Radiant Heating System
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $926
- Fuel Expense $3,642
- Insurance Expense $4,200
- Maintenance Expense $1,500
- Manager Expense $5,040
- Trash Expense $4,572
- Water Sewer Expense $2,325
- Operating Expense $40,205
- Gross Income $100,800
- Net Operating Income $63,476
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/21/2025 10/21/25 | Pending | -- | -- | -- | |
| 10/06/2025 10/06/25 | For Sale | $829,000 | +107.3% | $146 / Sq Ft | |
| 08/30/2023 08/30/23 | Sold | $400,000 | 0.0% | -- | View Prior Sale |
| 06/06/2023 06/06/23 | Pending | -- | -- | -- | |
| 06/06/2023 06/06/23 | For Sale | $399,995 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12488966
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