5-Unit Brick Apartment
New
For Sale
$795,000
10409 Moody Avenue, Chicago Ridge, IL 60415
Vacant apartments include shared laundry facilities and rear parking, with an office and common area in the current configuration.
Property Size5,376 SF
Price / SF$147.88
Days on Market6
Property Features for 10409 Moody Avenue
General Information
Standard status
Active
Size
5,376 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
4 x 2BR, 1 x 1BR
Multifamily Units
5
Amenities
common area laundry room
Building Details
Building Size
5,376 SF
Year Built
1965
Buildings
1
Construction
brick
Listing Agency:
RE/MAX 10
Listed By:
David Cobb · License #475130440
(708) 205-2622
Source:
Dawnmckennagroup
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 3:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 10
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Investment Insights
Based on property information with market context.
This 5,376-square-foot brick apartment building, constructed in 1965, is currently vacant. Its five apartments comprise four two-bedroom units and one one-bedroom unit. A common laundry room has a washer, dryer, and sink, while parking is located behind the building. The current office and shared space could potentially be reconfigured as a sixth unit, subject to due diligence.
Capital improvements include a commercial steel roof, a boiler installed in 2017, and windows and doors replaced in 2025. Four bathrooms were remodeled and the interior repainted in 2025; air-conditioning units are listed as new in 2026. The vacant status allows for immediate possession.
Capital improvements include a commercial steel roof, a boiler installed in 2017, and windows and doors replaced in 2025. Four bathrooms were remodeled and the interior repainted in 2025; air-conditioning units are listed as new in 2026. The vacant status allows for immediate possession.
Key Highlights
- 5,376‑square‑foot brick building with five apartments
- Unit mix: four 2‑bedroom apartments and one 1‑bedroom apartment
- Office and common area may offer potential for a sixth unit, subject to due diligence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,366
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,320
$1.2M
Cap Rate 7%
$890,943
$890.9K
Cap Rate 9%
$692,956
$693.0K
Market Conditions
NOI Build-Up for 5,376 SF
Gross rent
$121.9K $22.68/SF
− Vacancy
−$8.5K −$1.59/SF
EGI
$113.4K $21.09/SF
− OpEx
−$51.0K −$9.49/SF
NOI
$62.4K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,320
Cap Rate 7%
$890,943
Cap Rate 9%
$692,956
Alternative Uses
Best Use
Apartment 5plus
$890.9K
$779.6K – $1.04M
NOI $62,366 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,926 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 60415, IL
14,433
Population
5,840
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
6,275
Density / Sq Mi
$69,389
Median Household Income
$48,226
Median Earnings
$1,198
Median Rent
$217,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Vacant apartments include shared laundry facilities and rear parking, with an office and common area in the current configuration.
Where is this apartment building located?
The property is located at 10409 Moody Avenue Chicago Ridge, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 5,376‑square‑foot brick building with five apartments; Unit mix: four 2‑bedroom apartments and one 1‑bedroom apartment; Office and common area may offer potential for a sixth unit, subject to due diligence
