5017 14Th St, Cicero, IL 60804
17 Unit Apartment Building | $1,248,000 ($73,412/Unit) | 10.44% Cap Rate | Cicero, IL 60804
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,248,000
- Property Type
-
Multifamily
- Square Feet
- 18,375 SF
Listing Contacts
Tony Liu
Verified Profile
- Property Info
Property Overview
Introducing a prime investment opportunity in Cicero, IL: a meticulously maintained,
18,375 SF low-rise offering 17 fully occupied units. This landmark property, dating
back to 1949 and thoughtfully renovated in 2019, boasts a remarkable 10.44% cap
rate and an exceptional 28.36% cash-on-cash return. With a convenient location just
minutes from I-290, this R-3 zoned gem provides ease of access and 3 parking garages
with 10 spaces, enhancing its appeal to investors. Don't miss out on this compelling,
consistently high-performing property with a strong history of long-term tenancy.
18,375 SF low-rise offering 17 fully occupied units. This landmark property, dating
back to 1949 and thoughtfully renovated in 2019, boasts a remarkable 10.44% cap
rate and an exceptional 28.36% cash-on-cash return. With a convenient location just
minutes from I-290, this R-3 zoned gem provides ease of access and 3 parking garages
with 10 spaces, enhancing its appeal to investors. Don't miss out on this compelling,
consistently high-performing property with a strong history of long-term tenancy.
Property Details
- Class
- C
- Year Built
- 1949
- Stories
- 3
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 17
Highlights
- 10.44% CAP
- Quick access to the highway, just a 3-min drive to I-290 Garage parking - 3 parking garages with 10 parking spaces
- Easy to rent building - 100% occupied and it has a high, long-term occupancy record
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