AJ Commercial Group is pleased to announce the sale of a 12-unit multifamily building located in Chicago Ridge, Illinois. This stabilized asset featured a desirable unit mix, key building upgrades, and long-term tenant appeal.
The property consists of six (6) two-bedroom units and six (6) one-bedroom units, with all units having been updated in 2018. Interior improvements included refreshed kitchens, bathrooms, and common areas — positioning the property for consistent performance with minimal deferred maintenance.
Major capital improvements included a new roof and updated vinyl windows, offering reduced future maintenance and improved efficiency. Located in a quiet residential pocket of Chicago Ridge, the property benefits from strong rental demand and proximity to transit, retail, and employers.
This sale represents another example of AJ Commercial Group's ability to execute value-aligned sales for stabilized, cash-flowing assets in Chicago's southern suburbs.
Whether you're thinking about selling, repositioning, or executing a 1031 exchange — start with a real conversation. We'll listen first and give you actual numbers, not just a pitch.
