Two-Unit Residential Income
1324 48th Court Cicero, IL 60804
1324 48th Court, Cicero, IL, 60804
$379,900
For Sale
$379,900
Two-unit building in excellent condition with central air in both units and newer flooring on the second floor.
Property Size1,990 SF
Price / SF$190.90
Days on Market35
Property Features for 1324 48th Court
General Information
- Standard status
- Active
- Size
- 1,990 SF
- Property subtype
- Two to Four Units / 2 Flat
Building Details
- Year Built
- 1911
Listing agency
RE/MAX 10
(630) 235-3216
Listed by
Ernestina Preciado · License #475147360
(630) 235-3216
Source
Compass
Added: Jun 19 Updated: Jul 22 at 7:03PM Checked: Jul 22 at 7:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 10
Investment Insights
Based on property information with market context.
This two-unit residential income building is reported to be in excellent condition. Each unit has central air conditioning, and the apartments are described as well maintained. The second-floor unit features brand new floors, and the owner’s unit is noted as impeccable.
The property is located at 1324 48th Court in Cicero, Illinois. No additional details on exterior features, parking, or surrounding tenants are provided.
The building’s current layout supports a straightforward two-unit configuration, with updates highlighted for the second floor and strong overall condition across both apartments.
The property is located at 1324 48th Court in Cicero, Illinois. No additional details on exterior features, parking, or surrounding tenants are provided.
The building’s current layout supports a straightforward two-unit configuration, with updates highlighted for the second floor and strong overall condition across both apartments.
Key Highlights
- Two‑unit building built in 1911
- Both units have central air conditioning
- Second‑floor unit features brand new floors
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $20.04 |
| − Vacancy | −$3.0k | −$1.50 |
| EGI | $36.9k | $18.54 |
| − OpEx | −$11.1k | −$5.56 |
| NOI | $25.8k | $12.98 |
1,990 SF · lease $20.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$368.9K
$322.8K – $430.4K
NOI $25,822 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$329.8K
$288.6K – $384.8K
NOI $23,086 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$687.1K
$601.2K – $801.6K
NOI $48,094 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit building in excellent condition with central air in both units and newer flooring on the second floor.
Where is this duplex located?
The property is located at 1324 48th Court Cicero, IL.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑unit building built in 1911; Both units have central air conditioning; Second‑floor unit features brand new floors
