NOT LISTED FOR SALE

5741 W 21st St Cicero, IL 60804

Cicero Area
-- Bed
-- Bath
-- Sq Ft
1925 Built

Sale Details

Date Sold: September 28, 2022

Last sale price $525,000

50 Days on Market

About This Home

As of September 2022

Amazing Opportunity to Purchase a Solid Full-Brick Eight Unit Income Property in Hot Cicero! This well maintained building features seven large studios and one 1-bedroom apartment. Several of the units have been remodeled with newer cabinets/counters in kitchens and updated bathrooms including ceramic tile showers. Building electric has been upgraded to 800 amp service. One car attached garage included. Basement is full and unfinished with potential storage and laundry for tenants. Meticulously maintained and upgraded building but being sold AS IS.

Last Agent to Sell the Property

Joshua Jasien

Jasien Realty License #471022977 Listed on: 06/15/2022

Jasien Realty

Last Buyer's Agent

Melchor Domantay

Second City Real Estate License #475187492

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,858

Year Built

  • Built in 1925

Additional Features

  • 2-Story Property
  • Lot Dimensions are 40x100
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $720
  • Fuel Expense $5,547
  • Insurance Expense $6,681
  • Maintenance Expense $4,519
  • Trash Expense $3,109
  • Water Sewer Expense $2,157
  • Operating Expense $22,733
  • Gross Income $59,400
  • Net Operating Income $26,809

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,858

Year Built

Built in 1925

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Utilities

  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 3109
  • Water Sewer Expenses: 2157

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40X100
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 10

Multi Family

  • Net Operating Income: 26809
  • Fuel Expense: 5547
  • Insurance Expense: 6681
  • ElectricExpense: 720
  • GrossIncome: 59400
  • Maintenance Expense: 4519
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 22733
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 9858
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Sep 25, 2022
Sold by
Bought by
Seller's Agent
Joshua Jasien
Jasien Realty
Buyer's Agent
Melchor Domantay
Second City Real Estate
List Price
$599,000
Sold Price
$525,000
Premium/Discount to List
-$74,000
-12.35%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
0.0663%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
0.0525%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 26, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
0.065%
Mortgage Type
Commercial
Source: Public Records
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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$525,000 First American Title
-- Cti
$285,000 Cti
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $420,000
Previous Owner $176,000
Previous Owner $228,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/28/2022 09/28/22 Sold $525,000 -4.4% --
08/05/2022 08/05/22 Pending -- -- --
08/04/2022 08/04/22 Price Changed $549,000 -0.2% --
06/28/2022 06/28/22 Price Changed $550,000 -8.2% --
06/15/2022 06/15/22 For Sale $599,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $12,823 $37,904 $4,470 $33,434
2024 $12,823 $37,904 $4,470 $33,434
2023 $10,259 $37,904 $4,470 $33,434
2022 $10,259 $23,491 $6,237 $17,254
2021 $10,139 $23,489 $6,237 $17,252
2020 $9,858 $23,489 $6,237 $17,252
2019 $11,340 $23,244 $3,742 $19,502
2018 $11,050 $23,244 $3,742 $19,502
2017 $10,636 $23,244 $3,742 $19,502
2016 $10,961 $22,842 $3,326 $19,516
2015 $10,832 $22,842 $3,326 $19,516
2014 $10,439 $22,842 $3,326 $19,516
2013 $9,530 $23,063 $3,326 $19,737
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11419612

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.