Add Listing
    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

    5439 W 23Rd Pl Cicero, IL 60804

    View on Map
    Sponsored
    For Sale
    $375,000

    MULTI_FAMILY - Cicero, IL

    Days on Market:
    1
    Last Refresh:
    Mar 7 at 2:06 pm

    Property Features for 5439 W 23Rd Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Utility Room, Bedroom 5, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Laundry Room, Bedroom 6
    Bedrooms
    6
    Bathrooms
    2
    APN
    16281130010000
    Parking
    2
    Parking features
    Assigned, Owned

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air

    Building Details

    Building materials
    Brick

    We can help!

    Listing Contact
    Juan Soto
    Juan Soto

    RE/MAX Legends (708) 655-5000

    Listing agent Juan Soto (773) 858-5349

    Listing date Mar 7, 2026

    MLS# 12586126 Listing URL

    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 Multi-Unit Brick Building

    This two-unit corner brick building is located in Cicero, Illinois. Each unit features 3 bedrooms and 1 bathroom. In-unit laundry is available. The property is ideally located near public transportation, the expressway, schools, and playgrounds. It is suitable for investors or owner-occupants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -87.761189
    Latitude
    41.848038

    Nearby Similar for Sale

    • $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
    • $499,900

      Updated Cicero Multi-Family Investment

      All-brick 3-flat in a desirable Cicero neighborhood.
      1841 S 61St Ct, Cicero, IL 60804
      View Details
    • New
      $570,000
      0.08 Acres

      Cicero Multi-Family Investment Opportunity

      Five-unit building in Cicero with remodeled apartments and extra income potential.
      1636 S 50Th Ct, Cicero, IL 60804
      View Details
    • $465,000
      0.10 Acres

      Cicero Brick Two-Flat with Garage

      Updated two-unit property with garage near transportation and schools.
      1828 S 58Th Ave, Cicero, IL 60804
      View Details
    • $560,000

      Cicero Four-Unit Investment Opportunity

      Solid brick four-unit building in Cicero, great income potential.
      1621 S 50Th Ct, Cicero, IL 60804
      View Details
    • $330,000

      Two-Unit Property Near I-55

      Two-unit property in Cicero, near I-55, schools, parks, and transit.
      4916 W 29Th St, 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
    • $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
    • $145,000

      Cicero Multi-Unit Brick Building

      Multi-unit building in Cicero, sold AS IS.
      1430 S Central Ave, 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
    • Contact for pricing
      0.08 Acres

      Cicero Multi-Family Home

      Multi-family home with four bedrooms and two bathrooms.
      5335 W 23Rd Pl, Cicero, IL 60804
      View Details
    • $259,901
      Pending

      Cicero Multifamily Property For Sale

      Two-unit property in good condition with potential for expansion.
      5328 W 30Th St, Cicero, IL 60804
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit corner brick building in Cicero, Illinois, near transportation.
    Where is this duplex located?
    The property is located at 5439 W 23Rd Pl Cicero, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Two units, each with 3 bedrooms and 1 bathroom, suitable for owner-occupancy or investment.; - Corner brick building construction.; - In-unit laundry in both units.
    (773) 858-5349
    Request Owner's contact information
    5439 W 23Rd Pl 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.
    5439 W 23Rd Pl
    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
    5439 W 23Rd Pl 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
    Juan Soto
    Juan Soto
    (773) 858-5349 (708) 655-5000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!