Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1621 S 50Th Ct Cicero, IL 60804

    Sponsored
    For Sale
    $560,000

    MULTI_FAMILY - Cicero, IL

    Days on Market:
    0
    Last Refresh:
    Feb 6 at 10:06 pm

    Property Features for 1621 S 50Th Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 3, Bathroom 3, Bedroom 1, Utility Room, Bathroom 4, Bedroom 6, Basement, Bedroom 4, Bedroom 5, Laundry Room, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 5
    Bedrooms
    6
    Bathrooms
    5
    APN
    16214030110000
    Parking
    3
    Parking features
    Owned
    Basement
    Unfinished, Full

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1925
    Building materials
    Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Monica Gutierrez

    Remax 10 (708) 857-1500

    Listing agent Monica Gutierrez (773) 904-9777

    Listing date Feb 7, 2026

    MLS# 12472418

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cicero Four-Unit Investment Opportunity

    This solid brick building in Cicero features four apartments and a full basement, presenting an investment opportunity for rental income. The well-maintained property is suitable for investors and potential house hackers. While in good shape, the property requires some TLC to maximize its potential. Its location near local amenities, public transportation, and schools enhances its appeal to renters. Located at 1621 S 50th Court, Cicero, IL 60804, in Cook County, the property is zoned MULTI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cicero
    County
    Cook
    State
    Illinois
    Longitude
    -87.7502869
    Latitude
    41.8576108

    Nearby Similar for Sale

    • $467,300

      Classic Brick Two-Flat in Cicero

      Well-maintained two-flat near transportation, ideal for investors or owner-occupants.
      2102 S 50Th Ave, Cicero, IL 60804
      View Details
    • $735,000
      0.38 Acres

      Cicero Commercial Building For Sale

      18,500 SF multi-use building with office, retail, warehouse space.
      4606 W Cermak Rd, Cicero, IL 60804
      View Details
    • $735,000
      0.38 Acres

      Cicero Commercial Building For Sale

      18,500 SF mixed-use building with office and warehouse space.
      4606 W Cermak Rd, Cicero, IL 60804
      View Details
    • $735,000
      0.38 Acres

      Cicero Commercial Building For Sale

      18,500 sq ft building suitable for office, retail, warehouse.
      4606 W Cermak Rd, Cicero, IL 60804
      View Details
    • New
      $565,000
      3,000 SF

      MASSIVE Condo-Quality Cicero 2-Flat

      Fully renovated 2-flat near Oak Park with high income potential.
      1337 S Austin Blvd, Cicero, IL 60804
      View Details
    • $499,000

      Cicero Brick Two-Flat with Updates

      Updated brick two-flat in Cicero, ideal for investors or homeowners.
      1906 S 60Th Ct, Cicero, IL 60804
      View Details
    • New
      $515,000

      Cicero All-Brick Investment Opportunity

      Well-maintained 3-unit building in a thriving Cicero neighborhood.
      1841 S 61St Ct, Cicero, IL 60804
      View Details
    • $145,000

      Cicero Multi-Unit Brick Building

      Multi-unit building in Cicero, sold AS IS.
      1430 S Central Ave, Cicero, IL 60804
      View Details
    • $309,900

      Cicero Three-Unit Building For Sale

      Legal three-unit building in Cicero with value-add potential.
      5113 W 32Nd St, Cicero, IL 60804
      View Details
    • $565,417
      0.09 Acres

      Mixed-Use Property on Central Avenue

      Spacious mixed-use property with residential units and a storefront.
      2345 S Central Ave, Cicero, IL 60804
      View Details
    • New
      $225,000
      0.13 Acres

      Corner Mixed-Use Brick Building

      Two-story vacant building with commercial storefront and residential units.
      5029 W 29Th Pl, Cicero, IL 60804
      View Details
    • $284,900
      2,300 SF

      Cicero Multifamily Investment Opportunity

      Two-unit property with potential for a third unit.
      1809 S 49Th Ave, Cicero, IL 60804
      View Details

    FAQs

    What type of property is this?
    Quadplex - Solid brick four-unit building in Cicero, great income potential.
    Where is this quadplex located?
    The property is located at 1621 S 50Th Ct Cicero, IL.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: - Four-unit building offering **excellent rental income potential**.; - Solid brick construction.; - Full basement.
    (708) 857-1500
    Request Owner's contact information
    1621 S 50Th Ct Cicero, IL 60804
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1621 S 50Th Ct
    Cicero, IL 60804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1621 S 50Th Ct Cicero, IL 60804
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Monica Gutierrez
    (708) 857-1500
    Learn more
    Google sign-in failed. Please try again or use another login method.