9250 S Kedzie – Evergreen Park Mixed-Use Apartments
Property Details
| Property Type | Multifamily |
|---|---|
| Building Size | 4,854 SF |
| Year Built | 1967 |
| NOI | $37,402 |
| Cap Rate (Current) | 7.26% |
| Cap Rate (Proforma) | 10.92% |
Overview
Call for Offers Monday October 13th. Solid 3-story brick and Flexicore mixed-use asset in Evergreen Park. Fully occupied with four spacious one-bedroom apartments and two street-front retail bays leased to established salon and nail businesses. The property also includes a 2½-car garage currently rented for storage, plus off-street parking. Additional income is generated from on-site coin laundry and storage rentals, creating diversified cash flow beyond rent.
Apartments are leased below market, presenting immediate upside through rent adjustments or renovations. Retail bays provide consistent income and visible storefront exposure on Kedzie Avenue, supporting tenant stability and long-term cash flow.
The location is a tenant draw: a CTA Route 52A bus stop sits directly in front, offering direct service to the Orange Line Kedzie station for quick access to downtown Chicago and Midway Airport. Police and fire departments are both within two blocks, further strengthening the property’s appeal.
This is a rare chance to acquire a stabilized mixed-use investment with diversified income streams, strong visibility, and multiple avenues for increased returns.
Highlights
- 3-story brick & Flexicore mixed-use building
- 4 spacious 1BR apartments + 2 retail bays (fully occupied)
- Below-market apartment rents = near-term upside
- Extra income: garage, storage, parking, on-site laundry
- Kedzie Ave visibility; CTA stop at the door
