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    5039-49 W Roosevelt Rd Cicero, IL 60608

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    For Sale
    $495,000

    Land assemblage in Roosevelt Rd. Pedestrian Oriented Zoning District.

    Lot size:
    0.38 Acres

    Property Features for 5039-49 W Roosevelt Rd

    General Information

    Lot size
    0.38 Acres

    Source: Strauss Realty, Ltd. Agent Adam Schneiderman

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

    Overview

    Roosevelt Road Land Assemblage

    This property features approximately 16,625 square feet of land, consisting of one corner lot and four interior lots. The site is located within the Roosevelt Road Pedestrian Oriented Zoning District and is zoned RRP. There are no restrictions on these lots outside of the existing zoning regulations. The 2019 taxes were $28,259.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cicero
    County
    Cook
    State
    Illinois
    Longitude
    -87.7514306
    Latitude
    41.8656037

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    FAQs

    What type of property is this?
    Land - Land assemblage in Roosevelt Rd. Pedestrian Oriented Zoning District.
    Where is this land located?
    The property is located at 5039-49 W Roosevelt Rd Cicero, IL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - ±16,625 SF of land; - Located in the Roosevelt Rd. Pedestrian Oriented Zoning District; - Corner lot & 4 interior lots
    (847) 826-4467
    Request Owner's contact information
    5039-49 W Roosevelt Rd Cicero, IL 60608
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    Cicero, IL 60608
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    Realmo Value Estimation

    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.

    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.

    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
    5039-49 W Roosevelt Rd Cicero, IL 60608
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