NOT LISTED FOR SALE

5700 W Park Ave Cicero, IL 60804

12 Beds
6 Baths
5,070 Sq Ft
4,480 Sq Ft Lot

Last Sold November 17, 2022

Last sale price $570,000 $112 Per Sq Ft

61 Days on Market

About This Home

As of November 2022

Calling All investors! This Property is Ready to GO!! Village of Cicero Approved! Come and check out this great fully rented 6 unit building with newer windows and new flooring in all common areas. New electrical boxes in every unit. New asphalt in driveway and parking lot. It has been very well maintained by its owner. Each unit has 2bedrooms/ 1 bath and hardwood floors. There is also a large basement with a half bath, coin laundry and each unit has a personal storage closet. All tenants current with rent! Great Money Maker. This can be a quick close, property has passed all the Village of Cicero inspections!

Last Agent to Sell the Property

Nelly Valadez

HomeSmart Realty Group License #475172162 Listed on: 07/15/2022

HomeSmart Realty Group

Last Buyer's Agent

David San Jose

Realty of America License #475177104

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,824

Year Built

  • Built in 1964

Lot Details

  • 4,480 Sq Ft Lot
  • Lot Dimensions are 35x125

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,070 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Finished Basement

  • Recreation or Family Area in Basement
  • Basement Storage

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $572
  • Fuel Expense $2,121
  • Insurance Expense $2,760
  • Trash Expense $2,054
  • Water Sewer Expense $3,059
  • Operating Expense $22,390
  • Gross Income $66,600
  • Net Operating Income $44,210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,824

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1964
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Basement Description: Finished,Rec/Family Area,Storage Space
  • Fireplaces: 1
  • Number of Washers: 1
  • Room: 5
  • Room: 5
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 599900
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Bldg Heat,Gas

Fee Information

  • Trash Expense: 2054
  • Water Sewer Expenses: 3059
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 35X125
  • Lot Size Sq Ft: 4480
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 5070

Multi Family

  • Net Operating Income: 44210
  • Fuel Expense: 2121
  • Insurance Expense: 2760
  • ElectricExpense: 572
  • GrossIncome: 66600
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22390
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 11824.2
  • Tax Year: 2020

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
11/17/2022 11/17/22 Sold $570,000 0.0% $112 / Sq Ft
09/21/2022 09/21/22 Off Market $570,000 -- --
09/16/2022 09/16/22 Pending -- -- --
09/06/2022 09/06/22 Pending -- -- --
07/16/2022 07/16/22 For Sale $599,900 -- $118 / 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: 11466107

Midwest Real Estate Data (MRED)