1. Illinois
  2. Cicero
  3. 5701 W Roosevelt Road
$2,050,000

5701 W Roosevelt Road, Cicero, IL 60804

  • 15,547 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1928
  • Property Lot Size Icon10,454sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $132/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

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 (5705 Roosevelt Rd), 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.

Listing Status:
Active
Listing Office:
Coldwell Banker Commercial NRT : 312-860-4043
Listing Agent:
Paul Proano : 312-860-4043
MLS ID:
12319200
  • Basement: Cellar
  • A/C: Window Unit(s)

This listing courtesy of Paul Proano, Coldwell Banker Commercial NRT

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

J Sterling Morton Freshman Center

1801 S 55th Ave, Cicero, IL, 60804

Grades 9-9

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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