Listed by Kiser Group
$950,000
8109 W Lawrence Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,156
Units 5
Cap Rate 3.99%
Tenancy Multi
Year Built 1969
Investment Type Value Add
8109 W Lawrence Ave, Norridge, IL 60706
Marketing description
Kiser Group is pleased to exclusively present for purchase 8109 W. Lawrence, a well-maintained five (5) unit building located in a desirable Northwest Side location of Chicago. The property benefits from its proximity to public transportation, retail corridors, restaurants, and major commuter routes, making it an attractive option for a wide range of tenants.
8109 W. Lawrence features a diverse unit mix consisting of one (1) 3Bd/1Ba unit, one (1) 2Bd/1Ba unit, one (1) studio unit, and two (2) 1Bd/1Ba units. The variety of layouts allows the property to appeal to multiple tenant profiles while providing stability through diversified rental demand.
The building currently operates at a 3.99% in-place cap rate, presenting investors with the opportunity to add value through continued operational improvements and rental growth. Additionally, the property offers a pro forma cash-on-cash return of 2.46%, creating long-term upside potential in a strong and stable rental market.
Investment highlights
- Low sale market - Norridge
- 10-minute drive to O’Hare International Airport (4.9 miles)
- Well-balanced unit mix: 3-bedroom, 2-bedroom, and 1-bedroom apartments
- Current rents are approximately 15% below market levels
Listing Contacts
Listed by Kiser Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
