$1,640,000
SOLD APR 27, 2023

9826 Sayre Ave Chicago Ridge, IL 60415

28 Beds
18 Baths
14,500 Sq Ft
0.45 Acres

Recently Sold

$113 Per Sq Ft

13% Below List Price

302 Days on Market

About This Home

As of April 2023

Well-maintained 18-unit apartment property located in Chicago Ridge. Property features patios or balconies for each unit, storage spaces for tenant use, an on-site laundry facility and ample off-street parking. The unit mix is comprised of eight one-bedroom units and 10 two-bedroom units. Four units have been completely renovated. The property is conveniently located near 95th Street and Harlem Avenue, which feature numerous retail, dining, and entertainment options as well as access to several recreational parks, forest preserves, and nature trails.

Last Agent to Sell the Property

Emily Habich

Marcus & Millichap Chicago Apartment Brokers License #475186663 Listed on: 05/02/2022

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $47,864

Year Built

  • Built in 1972

Lot Details

  • 0.45 Acre Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 14,500 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 18 Bathrooms

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 18 Units

Building Details

  • Electric Expense $1,955
  • Fuel Expense $6,100
  • Insurance Expense $6,727
  • Maintenance Expense $5,400
  • Manager Expense $11,673
  • Other Expense $7,500
  • Trash Expense $6,910
  • Water Sewer Expense $13,491
  • Operating Expense $113,020
  • Gross Income $237,504
  • Net Operating Income $120,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$47,864

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1972
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 18
  • Total Bedrooms: 28
  • Possible Use: Multi-Family
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 1849000
  • Exterior Building Type: Brick

Utilities

  • Heat/Ventilation: Hot Water,Baseboard

Condo/Co-op/Association

  • Manager Expense: 11673
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 6910
  • Water Sewer Expenses: 13491
  • Janitor Expense: 5400
  • Operating Expense Includes: Maintenance Grounds,Snow Removal,Supplies

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.45
  • Lot Dimensions: 19,783 SF
  • Lot Size Sq Ft: 19783
  • Zoning: MULTI
  • Alternate Phone Number: (630) 570-2235

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 14500

Multi Family

  • Net Operating Income: 120440
  • Fuel Expense: 6100
  • Insurance Expense: 6727
  • ElectricExpense: 1955
  • GrossIncome: 237504
  • Maintenance Expense: 5400
  • NumberOfUnitsTotal: 18
  • OperatingExpense: 113020
  • Expense Year: 2021
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 47864
  • Tax Year: 2021

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $2,450,000 +49.4% $169 / Sq Ft
04/27/2023 04/27/23 Sold $1,640,000 -11.3% $113 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
07/08/2022 07/08/22 Price Changed $1,849,000 -2.2% $128 / Sq Ft
05/02/2022 05/02/22 For Sale $1,890,000 0.0% $130 / Sq Ft
01/16/2016 01/16/16 Rented $999 0.0% --
01/09/2016 01/09/16 Under Contract -- -- --
01/05/2016 01/05/16 For Rent $999 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Emily Habich

    Marcus & Millichap Chicago Apartment Brokers

    (630) 570-2235

    2 in this area

    19 Total Sales

    Emily Habich
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    NON MEMBER

  • M

    Seller's Agent in 2016

    Mark Conway

    Prominent Real Estate & Managment

    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11391756

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago Ridge 60415

9826 Sayre Ave, Chicago Ridge, IL

This home is located at 9826 Sayre Ave, Chicago Ridge, IL 60415 and is currently priced at $1,640,000, approximately $113 per square foot. This property was built in 1972. 9826 Sayre Ave is a home located in Cook County with nearby schools including Ernest F Kolb Elementary School, Simmons Middle School, and Oak Lawn Community High School.

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