5701 W Roosevelt Rd Cicero, IL 60804
Estimated payment $14,770/month
Highlights
- 10,546 Sq Ft lot
- Central Heating
- Hot Water Heating System
- Corner Lot
About This Home
This 18-unit mixed-use building offers a prime location in a high-demand area, ideal for investors seeking stable cash flow and long-term appreciation. Spanning approximately 15,547 square feet, the three-story masonry-constructed property features two street-facing commercial storefronts and 16 residential units, including six studios, six one-bedroom, and four two-bedroom apartments. With fourteen of the sixteen residential units already remodeled, minimal capital expenditure is required, providing immediate value to the next owner. The property boasts high occupancy rates, long-term retail tenants, and separate utilities for each unit, ensuring operational efficiency. Additionally, the sale includes an adjacent empty lot, offering significant development potential for expansion or new construction. Conveniently located just one mile from I-290, this asset offers excellent accessibility and is surrounded by a vibrant mix of residential, commercial, and industrial developments. Don't miss this opportunity to acquire a well-maintained, income-generating property with additional development upside in a thriving suburban market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,525
Year Built
- Built in 1928
Lot Details
- 10,546 Sq Ft Lot
- Lot Dimensions are 125 x 60
- Corner Lot
- Additional Parcels
Home Design
- Garden Apartment
- Cluster Home
- Mixed Use
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 15,547 Sq Ft Home
- 3-Story Property
- Exterior Basement Entry
Utilities
- Window Unit Cooling System
- Central Heating
- Hot Water Heating System
Community Details
Overview
- 18 Units
Building Details
- Electric Expense $99,999
- Fuel Expense $99,999
- Insurance Expense $99,999
- Maintenance Expense $99,999
- Manager Expense $99,999
- Other Expense $999,999
- Trash Expense $99,999
- Water Sewer Expense $99,999
- Gross Income $241,574
- Net Operating Income $148,397
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $32,722 | $110,920 | $7,978 | $102,942 |
| 2023 | $32,722 | $110,920 | $7,978 | $102,942 |
| 2022 | $32,722 | $74,924 | $11,132 | $63,792 |
| 2021 | $32,342 | $74,923 | $11,131 | $63,792 |
| 2020 | $31,444 | $74,923 | $11,131 | $63,792 |
| 2019 | $35,457 | $72,676 | $6,678 | $65,998 |
| 2018 | $34,549 | $72,676 | $6,678 | $65,998 |
| 2017 | $33,256 | $72,676 | $6,678 | $65,998 |
| 2016 | $31,150 | $64,912 | $5,936 | $58,976 |
| 2015 | $30,781 | $64,912 | $5,936 | $58,976 |
| 2014 | $29,665 | $64,912 | $5,936 | $58,976 |
| 2013 | $24,447 | $59,163 | $5,936 | $53,227 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2025 03/27/25 | For Sale | $2,100,000 | 0.0% | $135 / Sq Ft |
| 05/31/2016 05/31/16 | Rented | $900 | 0.0% | -- |
| 04/16/2016 04/16/16 | Price Changed | $900 | -2.7% | $1 / Sq Ft |
| 04/01/2016 04/01/16 | Price Changed | $925 | -2.6% | $1 / Sq Ft |
| 02/17/2016 02/17/16 | For Rent | $950 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,100,000 | Old Republic National Title | |
| Deed | $635,000 | First American | |
| Deed | $375,000 | Git |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | New Conventional | |
| Previous Owner | $420,000 | Commercial | |
| Previous Owner | $450,000 | Commercial | |
| Previous Owner | $495,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12319200
APN: 16-20-205-007-0000
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