J
Seller's Agent in 2021
Jorge Luna
RE/MAX
(708) 217-7777
12 in this area
76 Total Sales
1237 S 51st Ave Cicero, IL 60804
14
Beds
6
Baths
5,808
Sq Ft
6,098
Sq Ft Lot
About This Home
As of December 2021GREAT INVESTMENT OPPORTUNITY! 6 UNIT BRICK BUILDING WITH MANY UPGRADES! 4 UNITS WITH 2 BEDROOMS AND 2 UNITS WITH 3 BEDROOMS. THE FOLLOWING REMODELING WORK WAS COMPLETED IN 2014: NEW WINDOWS THROUGHOUT, NEW ROOF (TEAR-OFF) AND ELECTRICAL SYSTEM UPGRADED. NEW FLOOD CONTROL SYSTEM INSTALLED IN 2015. 5 OUT OF 6 H2O HEATERS WERE REPLACED IN MAY 2021. THERE ARE TWO BOILERS AND ONE FURNACE. 2 SUMP PUMPS. NEWER PARKING PAD IN THE REAR. PROPERTY IS IN GREAT CONDITION BUT IT IS BEING SOLD IN AS-IS CONDITION. (SELLER WILL COMPLY WITH CICERO REQUIREMENTS). CURRENT RENTS ARE LOW DUE TO LONG TIME TENANTS (MONTH TO MONTH TENANCY). ADJACENT VACANT LOT IS INCLUDED IN THE LIST PRICE.
Last Buyer's Agent
John Warren
Second City Real Estate License #471020680
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,908
Year Built
- Built in 1915
Lot Details
- 6,274 Sq Ft Lot
- Lot Dimensions are 50x125
- Additional Parcels
Parking
- 6 to 12 Parking Spaces
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Membrane Roofing
- Rubber Roof
Interior Spaces
- 5,808 Sq Ft Home
- 3-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 14 Bedrooms
- 6 Bathrooms
Utilities
- No Cooling
- Forced Air Heating System
- Radiator
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $540
- Fuel Expense $3,050
- Insurance Expense $4,000
- Maintenance Expense $2,400
- Trash Expense $1,200
- Water Sewer Expense $3,000
- Operating Expense $29,398
- Gross Income $52,500
- Net Operating Income $23,102
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/27/2021 12/27/21 | Sold | $370,000 | 0.0% | $64 / Sq Ft |
| 09/17/2021 09/17/21 | Pending | -- | -- | -- |
| 09/03/2021 09/03/21 | For Sale | $370,000 | -- | $64 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,562 | $43,014 | $3,386 | $39,628 |
| 2024 | $15,562 | $43,014 | $3,386 | $39,628 |
| 2023 | $15,282 | $46,000 | $3,386 | $42,614 |
| 2022 | $15,282 | $34,992 | $2,914 | $32,078 |
| 2021 | $15,104 | $34,991 | $2,913 | $32,078 |
| 2020 | $14,685 | $34,991 | $2,913 | $32,078 |
| 2019 | $14,711 | $30,154 | $2,677 | $27,477 |
| 2018 | $14,335 | $30,154 | $2,677 | $27,477 |
| 2017 | $13,798 | $30,154 | $2,677 | $27,477 |
| 2016 | $8,547 | $17,811 | $2,205 | $15,606 |
| 2015 | $8,446 | $17,811 | $2,205 | $15,606 |
| 2014 | $8,140 | $17,811 | $2,205 | $15,606 |
| 2013 | $9,311 | $22,533 | $2,205 | $20,328 |
Source: Public Records
Agents Affiliated with this Home
-
Jorge Luna
-
Melissa Luna
M
Seller Co-Listing Agent in 2021
Melissa Luna
RE/MAX
(708) 601-3636
7 in this area
54 Total Sales
-
J
Buyer's Agent in 2021
John Warren
Second City Real Estate
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11208307
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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