NOT LISTED FOR SALE

1426 S Cicero Ave Cicero, IL 60804

25 Beds
24 Baths
-- Sq Ft
1973 Built

Last Sold September 18, 2023

Last sale price $1,600,000

104 Days on Market

About This Home

As of September 2023

Great investment opportunity!! This 24-unit building in Cicero is a great cash flow. There are 18 - 1 bedroom units, 5 - studio units and 1 - 2 bedroom unit. 9 units are currently renovated with 2 more in process of renovation. There is a separate parking lot for the building with 19 spaces. The building has 4 PIN's. Water heater and Boiler replaced within the last 5 years. All but 3 units currently rent. Building is up to code with the city.

Last Agent to Sell the Property

Matthew Tarchala

Realty One Group Heartland License #475179992 Listed on: 03/23/2023

Realty One Group Heartland

Last Buyer's Agent

John Warren

Forte Properties, Inc. License #471020680

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $37,285

Year Built

  • Built in 1973

Lot Details

  • Lot Dimensions are 50'x123'
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 25 Bedrooms
  • 24 Bathrooms

Additional Features

  • 3-Story Property
  • Radiator

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 24 Units

Building Details

  • Electric Expense $1,232
  • Fuel Expense $7,116
  • Insurance Expense $5,622
  • Other Expense $1,284
  • Trash Expense $5,092
  • Water Sewer Expense $12,773
  • Operating Expense $72,920
  • Gross Income $220,500
  • Net Operating Income $154,079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$37,285

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1973
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 24
  • Total Bedrooms: 25
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 1795000

Utilities

  • Heat/Ventilation: Radiators

Fee Information

  • Trash Expense: 5092
  • Water Sewer Expenses: 12773
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50'X123'
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 154079
  • Fuel Expense: 7116
  • Insurance Expense: 5622
  • ElectricExpense: 1232
  • GrossIncome: 220500
  • NumberOfUnitsTotal: 24
  • OperatingExpense: 72920
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 37285
  • Tax Year: 2021

Range of Values:

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Sold Price
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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 List to Sale Price per Sq Ft
09/18/2023 09/18/23 Sold $1,600,000 -10.9% --
07/06/2023 07/06/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $1,795,000 -- --
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: 11744080

Midwest Real Estate Data (MRED)