NOT LISTED FOR SALE

2103 S 58th Ave Cicero, IL 60804

10 Beds
4 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold April 12, 2024

Last sale price $480,000

119 Days on Market

Highlights

  • Landscaped Professionally
  • Den
  • Lower Floor Utility Room
  • Loft
  • Sitting Room
  • 2 Car Detached Garage

About This Home

As of April 2024

Welcome to this prime investment four-unit building in the heart of Cicero. This property is located within walking distance of all essential amenities and it promises an ideal investment opportunity with exciting potential for expansion. Currently, all four units are well-maintained and this building presents an excellent opportunity for an investor looking for steady rental income (rents should be higher) or an owner-occupant seeking supplemental income. The units have some updates that have been done over the years. The units are as follows: 1F and 2F feature a living room, a dining room, a kitchen, 3 good size bedrooms, and a bathroom. Units 1R and 2R feature a living room, a dining room, a kitchen, 2 bedrooms, and a bathroom. The basement is fully finished with laundry services and some related living spaces that have been used for several decades (please see Cicero inspection for further details). The seller is selling "as is" and the buyer is responsible for all town of Cicero requirements. Water heater was replaced in 2016, roof was replaced in 2003, roof membrane with 10 year sealer was done in January 2023 and new porch in 2003.

Last Listed By

Erika Villegas

Re/Max In The Village License #471020421 Listed on: 11/02/2023

Re/Max In The Village

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,308

Year Built

  • Built in 1922

Lot Details

  • 3,920 Sq Ft Lot
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Sitting Room
  • Den
  • Loft
  • Lower Floor Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Radiator
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $650
  • Fuel Expense $4,500
  • Insurance Expense $3,300
  • Trash Expense $900
  • Water Sewer Expense $2,650
  • Gross Income $3,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,308

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1922
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 10
  • Room Type: Kitchen, Den, Loft, Sitting Room, Utility Room-Lower Level
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 499900
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Trash Expense: 900
  • Water Sewer Expenses: 2650
  • Trash Expense Year: 2023

Schools

  • Middle/Junior School District: 99

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.09
  • Lot Dimensions: 4158
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Fuel Expense: 4500
  • Insurance Expense: 3300
  • ElectricExpense: 650
  • GrossIncome: 3600
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9308.46
  • Tax Year: 2021
  • Tax Exemptions: None

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 Change Sq Ft Price
04/12/2024 04/12/24 Sold $480,000 -4.0% --
03/01/2024 03/01/24 Pending -- -- --
02/21/2024 02/21/24 For Sale $499,900 0.0% --
01/26/2024 01/26/24 Pending -- -- --
11/02/2023 11/02/23 For Sale $499,900 -- --
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: 11883093

Midwest Real Estate Data (MRED)