Property Details
Price
$1,580,000
Building Size:
11,826 SF
Lot Size
0.32 Acres
Units:
12
Price/SF
$134
Price/Unit:
$131,666
Cap Rate (Current):
6.78%
Cap Rate (Year 1):
8.55%
Property Description
eXp Commercial is proud to present 7821 43rd Street, a 12-unit multifamily property located in Lyons, Illinois. This property features four one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, providing a range of options for tenants. Fully occupied, the property delivers consistent income and low operational demands.
Recent updates include a new heating system, HD security cameras, and selective unit renovations. Tenants benefit from owned washers and dryers in the on-site laundry, individual heating controls, and on-site parking. Its proximity to retail, dining, and transit further strengthens its appeal.
This property is an attractive investment with stable cash flow and room for enhanced returns through continued improvements and rent growth.
Location Description
Lyons, a Cook County suburb located 13 miles southwest of downtown Chicago, offers convenient access to Route 34, Route 43, and Interstate 55, as well as the Riverside Metra Station and nearby PACE bus stops, making it ideal for commuters. Positioned near Ogden Avenue, the properties are close to retail and dining options like ALDI, Jewel-Osco, and Starbucks, with parks, schools, and Brookfield Zoo nearby. The West Cook County multifamily market is characterized by strong rental demand, low vacancy rates, and limited new construction, providing a stable environment for investors seeking long-term returns.
HIghlights
- 12-unit multifamily property
- Unit mix: Four 1BR/1BA and Eight 2BR/1BA units
- Fully occupied with consistent income
- Recent upgrades: heating system, security cameras, and unit renovations
- On-site laundry with owned washers and dryers
- Individual heating controls and on-site parking
- Strong location near retail, dining, and transit
Map
National Multifamily Division
eXp Commercial – Chicago
P: 630.474.6441
E: [email protected]