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5701 Roosevelt Rd Chicago, IL 60804

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For Sale
$1,850,000

Turnkey 18-unit property with commercial and residential spaces.

Property size:
10,546 SF
Lot size:
10.00 Acres

Property Features for 5701 Roosevelt Rd

General Information

Zoning
R-3
Size
10,546 SF
Lot size
10.00 Acres
Source: Cbcworldwide

Listing Agent: Paul Proano

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Property in Cicero, Illinois

This mixed-use property at 5701 W. Roosevelt Road in Cicero, Illinois, presents an investment opportunity. The property features two commercial storefronts and sixteen residential apartments, with a mix of studios, one-bedroom, and two-bedroom units. The building is 90% renovated and enjoys high occupancy. The property is efficiently operated with separate utilities and individual furnaces. Situated one mile from I-290 and approximately nine miles southwest of downtown Chicago, the asset sits on a corner lot and includes an adjacent vacant parcel, offering an opportunity for future development or additional income streams. The subject is located along the south side of Roosevelt Road and the west side of 57th Avenue; to the south of the site is a public alley. Roosevelt Road is a main, two lane east/west thoroughfare in Cicero. Improvements surrounding the subject include commercial, mixed-use buildings, apartment buildings and some single family residential; to the south along 57th Avenue is residential. The Town of Cicero is primarily a residential community with industrial areas scattered throughout the suburb with commercial improvements located along the major thoroughfares. Neighboring communities include the Chicago neighborhoods of North and South Lawndale to the east, parts of Oak Park and the Chicago neighborhood of Austin to the north, Berwyn to the west and Stickney to the south. The property size is 10,546 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

UPS Access Point ... Shipping And Mailing Service MA-Ztech Computer Repair Computer Repair Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7669385
Latitude
41.8652853

FAQs

What type of property is this?
Apartment building - Turnkey 18-unit property with commercial and residential spaces.
Where is this apartment building located?
The property is located at 5701 Roosevelt Rd Chicago, IL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: - 18-unit mixed-use property (2 commercial, 16 residential); - 90% renovated with high occupancy; - Separate utilities and individual furnaces
More about this property
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