$615,000

5501 W 24th St Cicero, IL 60804

Estimated payment $4,113/month

Total Views 691
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Workshop
  • Baseboard Heating
  • Senior Tax Exemptions
  • Soaking Tub

About This Home

Exceptional Brick 4-Unit Multifamily Building - Income Opportunity with Endless Potential! Welcome to this massive, fully occupied brick 4-unit building-a rare opportunity for savvy investors or future owner-occupants looking to build wealth through real estate! Each of the four spacious units features two comfortable bedrooms, generous closet space, and a large, light-filled living room perfect for relaxing or entertaining. The building also includes a full huge basement, currently used for storage and laundry, offering additional space and flexibility. Whether you're seeking a passive income stream or envision living in one unit while renting out the others. The units are easy to rent, thanks to their layout and location, the building " is being sold strictly as-is," giving you the chance to add your personal touch or upgrades over time. Tuck pointing done in 2025. Offers a Two-car garage on-site. Prime location:walking distance to public transit, shopping, and dining. Quick access to major highways, making commuting a breeze. This is more than just a building-it's a chance to invest in your future, generate consistent rental income, and own a piece of real estate with incredible potential. Don't miss out-schedule your showing today and discover the possibilities!

Listing Agent

Silvia Fonseca

Coldwell Banker Realty License #475128708 Listed on: 08/15/2025

Coldwell Banker Realty

Co-Listing Agent

Christopher Fonseca

Coldwell Banker Realty License #475178871

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,145

Year Built

  • Built in 1926

Lot Details

  • Lot Dimensions are 30 x 125

Parking

  • 2 Car Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Workshop
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

  • 4 Units

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,145

Year Built

Built in 1926

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: 1926
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Exterior Entry, Other, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Room Type: Workshop
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: None
  • Room: 4

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • List Price: 615000
  • Roof: Rubber
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Baseboard, Radiant
  • Water Source: Lake Michigan, Public

Schools

  • Middle/Junior School District: 99

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 9145
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
08/15/2025 08/15/25 For Sale $615,000 -- --
Source: Midwest Real Estate Data (MRED)

Similar Homes in the area

  • 5228 W 23rd St, Cicero, IL 60804

    $524,900

    • 6 Beds
    • 4 Baths
    • 5228 W 23rd St
    • Cicero, IL

    Two Flat Brick Open concept. Sits on a double lot. Gut Rehab, New Electric, New plumbing, Kitchens and bathrooms. Beautiful gleaming hardwood floors throughout. New heating and air conditioning systems. New Cement carport easy fits 6 cars possibly more. New cement walkway. Basement has been drywalled and painted with a half bath and a room for storage or office within the home. This home has so

    Irma Mejia Coldwell Banker Realty

    Section Image
  • 5326 W 31st St, Cicero, IL 60804

    $734,900

    • 6 Beds
    • 4 Baths
    • 5326 W 31st St
    • Cicero, IL

    Spectacular Beautiful brand new two unit building in Hot Cicero!!! First floor features a glamorous living room with a charming dining room, an irresistible kitchen with 42" inch white cabinets and gorgeous quartz counter tops complimented with the open concept layout of this home. Has two welcoming side bedrooms and a charming full bathroom and full master bedroom with private master bathroom

    Israel Valadez Realty of America, LLC

    Section Image
  • 1906 S 60th Ct, Cicero, IL 60804

    $519,000

    • 6 Beds
    • 3 Baths
    • 1906 S 60th Ct
    • Cicero, IL

    Hurry Make your offer now. This won't last ....Beautiful brick legal 2 flat located in a great heart of Cicero. Great investment or house to live in. updated 2021 well maintained never rented since acquired. Offering an open concept spacious living room , dining room , kitchen and bedrooms. fully loaded with modern cabinets. stainless steel kitchen appliances. Modern 2nd floor apartment with full

    MARIO AMURAO HomeSmart Connect LLC

    Section Image
  • 2101 48th Ct, Cicero, IL 60804

    $589,900

    • 6 Beds
    • 4 Baths
    • 2101 48th Ct
    • Cicero, IL

    Future Homeowners & Community Investors! Looking to call a striking and lavishly new rehabbed home yours? Welcome to this stunning BRAND NEW 2 unit multi-family located in the vibrant and rising town of Cicero. This freshly gut rehab has been remodeled down to the studs (2025) in order to provide a premium luxury living experience. Each unit has 3 bedrooms / 1.5 baths with separate living and

    Edgar Diaz Duarte Realty Company

    Section Image
  • 5925 W 16th St, Cicero, IL 60804

    $529,999

    • 10 Beds
    • 4 Baths
    • 5925 W 16th St
    • Cicero, IL

    Welcome to this all brick, massive, corner lot building in the flourishing Town of Cicero! Legal 3 unit building, includes 2; (2) bedroom/ (1) bath updated units and the 2nd floor has 1; (6) bedroom, (2) bath unit that also features two living room spaces ideal for bigger families. Additional space in basement for storage. New roof, furnaces, and water heaters. With close proximity to

    Brenda Martinez RE/MAX PREMIER

    Section Image
  • 1935 Harvey Ave, Berwyn, IL 60402

    $525,000

    • 7 Beds
    • 3 Baths
    • 1935 Harvey Ave
    • Berwyn, IL

    Come see this newly remodeled 2 flat with a 2 car garage. Both units have cherry wood cabinets, stainless steel appliances and newly remodeled bathrooms. 2nd floor unit is currently being rented at $1900 a month. It's a 3 bedroom 1 bath unit. 1st floor unit was just remodeled and vacant. It's a 2 bedroom 1 bath unit. Basement has 2 bedrooms, bathroom and sink. Perfect for in-law arrangement.

    Brian Malnati Agentcy

    Section Image
  • 1900 Harvey Ave, Berwyn, IL 60402

    $650,000

    • 8 Beds
    • 4 Baths
    • 1900 Harvey Ave
    • Berwyn, IL

    Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a multi-family investment Property located at 1900 S Harvey Avenue in Berwyn, Illinois (the "Property"). The three-story brick building contains four (4), 2-Bedroom/1-Bathroom units with 5,837 square feet of living area in 5,837 square feet of total gross area on 0.14-acre corner parcel of land. The Property features

    Daniel Smith Horvath & Tremblay IL, LLC

    Section Image
  • 7133 W 16th St, Cicero, IL 60804

    $630,000

    • 7 Beds
    • 4 Baths
    • 7133 W 16th St
    • Cicero, IL

    Discover this beautifully updated four-unit property situated in a prime Berwyn location. Each of the three spacious two-bedroom units feature modern bathrooms and stunning new white self-closing kitchen cabinets, completed with elegant granite countertops and stylish backsplashes that were updated in 2024. The cozy studio unit includes a well-equipped kitchen, a comfortable bedroom, and an

    Jacquelyn Pantoja Cloud Gate Realty LLC

    Section Image
  • 4919 W Roosevelt Rd, Chicago, IL 60804

    $490,000

    • 9 Beds
    • 3 Baths
    • 4919 W Roosevelt Rd
    • Chicago, IL

    Newly rehabilitated 3 unit building with 2 units rented. The empty unit can be filled if wanted while under contract. We left in open in case of owner occupancy. Extensive work done on all units. A detailed listed of rehab will emailed to the buyer agent. SS Appliances, granite counter tops. Free Washer/Dryer in basement for tenants. AC Wall units provided to tenants but belong to the

    Kevin Goodwin Charles Rutenberg Realty

    Section Image

Source: Midwest Real Estate Data (MRED)

MLS Number: 12445582

Midwest Real Estate Data (MRED)