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4335 Lindenwood Dr 6 Unit Apartment Building $829,000 ($138,167/Unit) 7.66% Cap Rate Matteson, IL 60443
INVESTMENT HIGHLIGHTS
- 6 Total Units | (5) 2BR & (1) 1BR
- Roof Replaced 2023 | Boiler 2020 | Water Heater 2020
- Cap Rate: 7.66% (Current) | 10.13% (Pro Forma)
- 5 Fully Updated Units | 1 Partially Updated Unit (Updated Kitchen)
- NOI: $63,476 (Current) | $83,961 (Pro Forma)
EXECUTIVE SUMMARY
Fully Stabilized 6-Unit Investment Opportunity in Matteson, IL
AJ Commercial Group is pleased to present 4335 Lindenwood Dr, a well-maintained 6-unit multifamily property located in the heart of Matteson, one of Chicago’s most accessible south suburbs. The property offers an excellent current cap rate of 7.66% with upside to 10.13% through rent increases and light unit upgrades.
The building features a balanced mix of (5) two-bedroom and (1) one-bedroom units, all spacious and separately metered. Recent improvements and stable tenancy make this a low-maintenance, income-producing asset ideal for both local and out-of-state investors.
Situated near major highways (I-57, I-80, I-294, and I-355) and Metra Electric commuter rail, tenants benefit from excellent access to employment, retail, and amenities throughout Chicago’s Southland region. The property is located minutes from the Market Square Crossing redevelopment, enhancing long-term appreciation potential.
AJ Commercial Group is pleased to present 4335 Lindenwood Dr, a well-maintained 6-unit multifamily property located in the heart of Matteson, one of Chicago’s most accessible south suburbs. The property offers an excellent current cap rate of 7.66% with upside to 10.13% through rent increases and light unit upgrades.
The building features a balanced mix of (5) two-bedroom and (1) one-bedroom units, all spacious and separately metered. Recent improvements and stable tenancy make this a low-maintenance, income-producing asset ideal for both local and out-of-state investors.
Situated near major highways (I-57, I-80, I-294, and I-355) and Metra Electric commuter rail, tenants benefit from excellent access to employment, retail, and amenities throughout Chicago’s Southland region. The property is located minutes from the Market Square Crossing redevelopment, enhancing long-term appreciation potential.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$100,800
|
$17.75
|
| Other Income |
$2,880
|
$0.51
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$103,680
|
$18.25
|
| Taxes |
$18,000
|
$3.17
|
| Operating Expenses |
$22,205
|
$3.91
|
| Total Expenses |
$40,205
|
$7.08
|
| Net Operating Income |
$63,475
|
$11.18
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $100,800 |
| Annual Per SF | $17.75 |
| Other Income | |
|---|---|
| Annual | $2,880 |
| Annual Per SF | $0.51 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $103,680 |
| Annual Per SF | $18.25 |
| Taxes | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $3.17 |
| Operating Expenses | |
|---|---|
| Annual | $22,205 |
| Annual Per SF | $3.91 |
| Total Expenses | |
|---|---|
| Annual | $40,205 |
| Annual Per SF | $7.08 |
| Net Operating Income | |
|---|---|
| Annual | $63,475 |
| Annual Per SF | $11.18 |
PROPERTY FACTS
| Price | $829,000 | Building Class | C |
| Price Per Unit | $138,167 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 5,680 SF |
| Cap Rate | 7.66% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1969 |
| Property Type | Multifamily | Parking Ratio | 2.46/1,000 SF |
| Property Subtype | Apartment |
| Price | $829,000 |
| Price Per Unit | $138,167 |
| Sale Type | Investment |
| Cap Rate | 7.66% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 5,680 SF |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 2.46/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $1,425 | - |
| 1+1 | 1 | $1,300 | - |
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PROPERTY TAXES
| Parcel Number | 31-22-206-002-0000 | Total Assessment | $40,000 (2024) |
| Land Assessment | $4,800 (2024) | Annual Taxes | $18,000 ($3.17/SF) |
| Improvements Assessment | $35,200 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
31-22-206-002-0000
Land Assessment
$4,800 (2024)
Improvements Assessment
$35,200 (2024)
Total Assessment
$40,000 (2024)
Annual Taxes
$18,000 ($3.17/SF)
Tax Year
2025
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4335 Lindenwood Dr
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