Essex Realty Group, Inc. is pleased to announce the sale of 9427 S 86th Court, an 8-unit apartment building in Chicago’s southwest suburb of Hickory Hills.
The building is comprised of one (1) one-bed/one-bath unit, and seven (7) two-bed/one-bath units. In addition, the apartment complex includes sixteen (16) surface parking spaces. In recent years select units have received cosmetic updates to floors, kitchens, and bathrooms. Units feature boiler baseboard heating, sleeve air conditioning, and laminate wood floors. The boiler and windows have been replaced within the past 5-6 years. For added ease of ownership, the Property is adjacent to several other 8-unit buildings and includes a joint HOA which manages all landscaping, snow removal, common area insurance, and maintenance of walkways and parking lot.
9427 S 86th Court is conveniently located near major expressways and close to multiple Metra stations for easy accessibility to downtown Chicago. The Residents in this quiet pocket of Hickory Hills benefit from the numerous parks and shopping options in the immediate vicinity.
The city of Hickory Hills is bordered by Willow Springs, Justice, Bridgeview, Oak Lawn, and Palos Hills, and is a southwest suburb of Chicago. This peaceful and primarily residential community is situated in the northeast quarter of Palos Township which includes Palos Park, Palos Heights, and Palos Hills. Hickory Hills is known for its proximity to numerous forest preserves and sits adjacent to Hickory Hills Woods, Buffalo Woods, and Hidden Pond Woods. Over half of the Palos Township is forest preserve, which provides residents with a natural oasis for walking, hiking, bicycling, educational programs, picnics, and other social gatherings.
9427 S 86th Ct is located approximately 15 miles southwest of downtown Chicago, which is easily accessible via I-295 and I-55. Additionally, commuters will find the Worth Metra and the Willow Springs Metra stations within four miles of the Property; with their numerous parking lots, access to downtown Chicago is a breeze. An abundance of parks and forest preserves combined with the conveniences of transportation and retail make Hickory Hills a superior suburban community.
- Under Contract With Multiple Tours and Offers Within Six Days of Marketing
- Fully Occupied Property in Highly Desirable Suburban Submarket of Hickory Hills
- Current Rents are Between 30-35% Below Market Rates "As-Is"
- Armchair Investment Opportunity. HOA Covers Most Exterior Maintenance
- Majority of Units Have Received Light Cosmetic Updates in Recent Years
- Rare Opportunity to Own in a Boutique Suburban Multifamily Complex