7821 43rd St | Lyons, IL

7821 43rd Street Lyons, IL 60534

7821 43rd Street, Lyons, IL, 60534
7821 43rd Street, Lyons, IL, 60534 7821 43rd Street, Lyons, IL, 60534 7821 43rd Street, Lyons, IL, 60534 7821 43rd Street, Lyons, IL, 60534 7821 43rd Street, Lyons, IL, 60534 7821 43rd Street, Lyons, IL, 60534 7821 43rd Street, Lyons, IL, 60534 7821 43rd Street, Lyons, IL, 60534 7821 43rd Street, Lyons, IL, 60534
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,580,000
Last Verified:
Jan 17, 2025

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Highlights

  • 12-unit multifamily property
  • Unit mix: Four 1BR/1BA and Eight 2BR/1BA units
  • Fully occupied with consistent income
  • Recent upgrades: heating system, security cameras, and unit renovations
  • On-site laundry with owned washers and dryers
  • Individual heating controls and on-site parking
  • Strong location near retail, dining, and transit

Description

eXp Commercial is proud to present 7821 43rd Street, a 12-unit multifamily property located in Lyons, Illinois. This property features four one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, providing a range of options for tenants. Fully occupied, the property delivers consistent income and low operational demands.

Recent updates include a new heating system, HD security cameras, and selective unit renovations. Tenants benefit from owned washers and dryers in the on-site laundry, individual heating controls, and on-site parking. Its proximity to retail, dining, and transit further strengthens its appeal.

This property is an attractive investment with stable cash flow and room for enhanced returns through continued improvements and rent growth.

Lyons, a Cook County suburb located 13 miles southwest of downtown Chicago, offers convenient access to Route 34, Route 43, and Interstate 55, as well as the Riverside Metra Station and nearby PACE bus stops, making it ideal for commuters. Positioned near Ogden Avenue, the properties are close to retail and dining options like ALDI, Jewel-Osco, and Starbucks, with parks, schools, and Brookfield Zoo nearby. The West Cook County multifamily market is characterized by strong rental demand, low vacancy rates, and limited new construction, providing a stable environment for investors seeking long-term returns.


Year Built: 1966
Building Size: 11826sq ft
Lot Size: 0.32 acres

Map of 7821 43rd Street, Lyons, IL, 60534

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.