5701 W Roosevelt Rd Cicero, IL 60804
Estimated payment $13,261/month
Highlights
- 10,546 Sq Ft lot
- Central Heating
- Hot Water Heating System
- Corner Lot
About This Home
The Proano Commercial Group is pleased to present a compelling investment opportunity at 5701 W. Roosevelt Road in Cicero, Illinois. This turnkey 18-unit mixed-use property features two commercial storefronts and sixteen residential apartments, including a mix of studios, one-bedroom, and two-bedroom units. The building for the most part renovated, enjoys high occupancy, and is efficiently operated with separate utilities and individual furnaces. Situated just one mile from I-290 and approximately nine miles from downtown Chicago, the asset sits on a prime corner lot and includes an adjacent vacant parcel, offering a unique opportunity for future development or additional income streams.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $42,928
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
- Operating Expense $93,904
- Gross Income $251,030
- Net Operating Income $149,595
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 | $37,525 | $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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2025 10/28/25 | Price Changed | $1,850,000 | -2.1% | $119 / Sq Ft |
| 09/25/2025 09/25/25 | Price Changed | $1,890,000 | -7.4% | $122 / Sq Ft |
| 09/08/2025 09/08/25 | Price Changed | $2,040,000 | -0.5% | $131 / Sq Ft |
| 06/02/2025 06/02/25 | Price Changed | $2,050,000 | -2.4% | $132 / Sq Ft |
| 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 | -- | -- |
Purchase 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 |
|---|---|---|---|
| Previous Owner | $495,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12319200
APN: 16-20-205-007-0000
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