Multifamily Property with Brick
1836 S 49th Avenue, Cicero, IL 60804
For Sale
New
$369,900
The corner-lot property includes a detached two-car garage and is offered in as-is condition.
Property Size1,900 SF
Days on Market4
Property Features for 1836 S 49th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Chicago Area Realty Inc
Listed By:
Grazyna Przybysz · License IL #475121869
(773) 545-5300
Source:
Kalelrealty
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 7:33PM
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 Chicago Area Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property in Cicero is a brick building on a corner lot. A detached brick garage provides space for two cars, and the property is offered in as-is condition. The building dates to 1926.
The property is at 1836 S 49th Avenue in Cicero, Illinois, with transportation and amenities nearby.
The property is at 1836 S 49th Avenue in Cicero, Illinois, with transportation and amenities nearby.
Key Highlights
- Multifamily brick property on a corner lot
- Detached brick garage with capacity for 2 cars
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,042
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,840
$440.8K
Cap Rate 7%
$314,886
$314.9K
Cap Rate 9%
$244,911
$244.9K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$43.1K $22.68/SF
− Vacancy
−$3.0K −$1.59/SF
EGI
$40.1K $21.09/SF
− OpEx
−$18.0K −$9.49/SF
NOI
$22.0K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,840
Cap Rate 7%
$314,886
Cap Rate 9%
$244,911
Alternative Uses
Best Use
Apartment 5plus
$314.9K
$275.5K – $367.4K
NOI $22,042 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$729.6K
$638.4K – $851.2K
NOI $51,072 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
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Business Placement
Demographics for 60804, IL
85,673
Population
26,738
Households
3.2
Avg Household Size
32
Median Age
11%
College-Educated
68%
High-School Grad
7.1 sq mi
ZIP Area
12,067
Density / Sq Mi
$68,548
Median Household Income
$36,786
Median Earnings
$1,121
Median Rent
$236,000
Median Home Value
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Market
Properties on Market for Multifamily properties in Cicero
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - The corner-lot property includes a detached two-car garage and is offered in as-is condition.
Where is this multifamily property located?
The property is located at 1836 S 49th Avenue Cicero, IL.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Multifamily brick property on a corner lot; Detached brick garage with capacity for 2 cars; Built in 1926
