10-Unit Apartment
9036 S Langley Ave Chicago, IL 60619
9036 S Langley Ave, Chicago, IL, 60619
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For Sale
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Professionally managed 10-unit property with updated kitchens, bathrooms, hardwood floors, and recent roof and systems improvements.
Property Size10,292 SF
Price / SF$81.13
Days on Market119
Property Features for 9036 S Langley Ave
General Information
- Standard status
- Active
- Size
- 10,292 SF
- Property subtype
- Multifamily
Listing agency
Kiser Group
(773) 293-5032
Listed by
Noah Birk · License #IL 475.125864
Source
Crexi
Added: Mar 26 Updated: Jul 22 at 7:54AM Checked: Jul 22 at 7:54AM
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 Kiser Group
Investment Insights
Based on property information with market context.
This is a professionally managed 10-unit apartment building offering a unit mix of three 3-bedroom/1-bath units and seven 2-bedroom/1-bath units. The apartments feature newer kitchen cabinetry and appliances, updated bathrooms, and resurfaced hardwood flooring throughout. Recent capital improvements include a new roof (2021), new gutters, an updated and code-compliant porch system, updated plumbing and electric, and individual in-unit furnaces.
The property is located in Chicago’s Burnside community on a quiet, tree-lined street. It sits about one block from Tuley Park, a community recreational center with a gym, auditorium, basketball courts, and lighted tennis courts, and about one block west of Cottage Grove’s commercial corridor with retail and grocery options.
For buyers seeking a stabilized rental, the current financials described include an in-place cap rate of 10.03% and a cash return of 18.5%. The materials also state that increasing rents could potentially support a cap rate over 13% and a cash return near 32%.
The property is located in Chicago’s Burnside community on a quiet, tree-lined street. It sits about one block from Tuley Park, a community recreational center with a gym, auditorium, basketball courts, and lighted tennis courts, and about one block west of Cottage Grove’s commercial corridor with retail and grocery options.
For buyers seeking a stabilized rental, the current financials described include an in-place cap rate of 10.03% and a cash return of 18.5%. The materials also state that increasing rents could potentially support a cap rate over 13% and a cash return near 32%.
Key Highlights
- Professionally managed 10‑unit multifamily property in Chicago’s Burnside community
- Unit mix: three (3) 3BR/1BA and seven (7) 2BR/1BA apartments
- Updated interiors include modern kitchens with newer cabinetry and appliances, updated bathrooms, and resurfaced hardwood flooring
Property Analytics
Location Intelligence
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FAQs
What type of property is this?
Apartment building - Professionally managed 10-unit property with updated kitchens, bathrooms, hardwood floors, and recent roof and systems improvements.
Where is this apartment building located?
The property is located at 9036 S Langley Ave Chicago, IL.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Professionally managed 10‑unit multifamily property in Chicago’s Burnside community; Unit mix: three (3) 3BR/1BA and seven (7) 2BR/1BA apartments; Updated interiors include modern kitchens with newer cabinetry and appliances, updated bathrooms, and resurfaced hardwood flooring
