9250 S Kedzie Ave Evergreen Park | 6-Unit Multifamily Mixed-Use
  • $515,000

Overview

  • Mixed Use, Multifamily
  • Property Type
  • 7.26%
  • Cap Rate-Current
  • $37,402
  • NOI
  • 100%
  • Occupancy
  • 10.92%
  • Cap Rate-Pro Forma
  • 4854 SF
  • Area Size
  • 6
  • Units
  • $85,833
  • Price / Unit
  • 0.3 SF
  • Acreage
  • 1967
  • Built

Description

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.

Location Description

Prime Evergreen Park location on Kedzie Avenue with strong traffic counts and retail visibility. A CTA Route 52A bus stop sits directly in front, providing service to the Kedzie Orange Line station for access to downtown and Midway. Police and fire services within two blocks further strengthen tenant appeal.

Highlights

  • 3-story brick & Flexicore mixed-use building
  • 4 spacious 1BR apartments + 2 retail bays (fully occupied)
  • Fully-occupied, value-add opportunity
  • Apartments leased below market = clear rental upside
  • Additional income from garage, storage, parking and on-site laundry
  • Off-street parking supports both residential and retail
  • Strong visibility and stable commercial tenants

Property Documents

OM 9250 S Kedzie

Details

  • Price $515,000
  • SF 4854 SF
  • Acreage 0.3 SF
  • Units 6
  • Parking 9
  • Built 1967
  • Property Type Mixed Use, Multifamily
  • Listing Status For Sale, Under Contract
  • Cap Rate-Current 7.26%
  • NOI $37,402
  • Cap Rate-Pro Forma 10.92%
  • Price / Unit $85,833
  • Price / SF $106
  • Occupancy 100%

Walkscore

eXp Commercial, LLC, its direct and indirect parents and their subsidiaries (together, “We”) obtained the information above from sources believed to be reliable, however, We have not verified its accuracy and make no guarantee, warranty or representation, expressed or implied, about such information. The information contained above is submitted subject to the possibility of errors, omissions, price changes, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. Any projections, opinions, assumptions or estimates of the information contained above or provided in connection therewith, either expressed or implied, are for example only, and they may not represent current or future performance of the subject property. You, together with your tax and legal advisors, should conduct your own thorough investigation of the subject property and potential investment.

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