NOT LISTED FOR SALE

1237 S 51st Ave Cicero, IL 60804

14 Beds
6 Baths
5,808 Sq Ft
6,274 Sq Ft Lot

Last Sold December 27, 2021

Last sale price $370,000 $64 Per Sq Ft

13 Days on Market

About This Home

As of December 2021

GREAT 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 Agent to Sell the Property

Jorge Luna

REMAX Legends License #475101633 Listed on: 09/01/2021

REMAX Legends

Co-Listed By

Melissa Luna

REMAX Legends License #475156565

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,908

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1915
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 14
  • Basement Description: Unfinished
  • Fire Protection: Alarm On Site,Carbon Monoxide Detector(s)
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 0
  • Number of Washers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Other
  • Frontage Type: City Street
  • List Price: 370000
  • Roof: Membrane, Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Enclosed Stairs,Security Gate,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Utilities: Water-Municipal, Water to Site
  • Heat/Ventilation: Forced Air,Gas,Radiators

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 3000
  • Janitor Expense: 0
  • Operating Expense Includes: Fuel,Insurance,Maintenance,Snow Removal,Trash,Utilities,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50X125
  • Lot Size Sq Ft: 6274
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks
  • Alternate Phone Number: (708) 601-3636

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Month To Month

Building Info

  • BuildingAreaTotal: 5808
  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 23102
  • Fuel Expense: 3050
  • Insurance Expense: 4000
  • ElectricExpense: 540
  • GrossIncome: 52500
  • Maintenance Expense: 2400
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 29398
  • Expense Year: 2020
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15908
  • Tax Year: 2020

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11208307

Midwest Real Estate Data (MRED)