4-Unit Multifamily Investment
For Sale
$550,000
1847 South 57th Avenue, Cicero, IL 60804
Well-maintained four-unit multifamily with two-car garage and additional off-street parking pads on an oversized double corner lot.
Property SizeContact for details
Days on Market102
Property Features for 1847 South 57th Avenue
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Two to Four Units / 4 Flat
Taxes and HOA fees
Annual Taxes
$12,258
Building Details
Year Built
1910
Listing Agency:
Circle One Realty
Listed By:
Ryan Cherney · License #471019427
(630) 862-5181
Source:
Compass
Added: May 31
Changed: Aug 8
Last Checked: Jul 31 at 11:32AM
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 Circle One Realty
Investment Insights
Based on property information with market context.
This well-maintained 4-unit multifamily property offers income-producing residential units and includes a two-car garage plus two additional off-street parking pads. The asset is set on an oversized double corner lot with substantial outdoor space, providing ample room for tenant use and future improvements subject to local regulations. A brand-new boiler is in place, reducing immediate capital improvement concerns.
The property’s double-lot configuration and corner positioning contribute to a prominent site with additional outdoor space. The layout is designed to support both everyday parking needs and tenant convenience.
Overall, it presents a straightforward, functional small multifamily investment with practical parking and a significant lot footprint.
The property’s double-lot configuration and corner positioning contribute to a prominent site with additional outdoor space. The layout is designed to support both everyday parking needs and tenant convenience.
Overall, it presents a straightforward, functional small multifamily investment with practical parking and a significant lot footprint.
Key Highlights
- Well‑maintained 4‑unit multifamily building built in 1910
- Oversized double corner lot with abundant outdoor space
- Two‑car garage plus two additional off‑street parking pads for tenants and guests
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
963
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
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit multifamily with two-car garage and additional off-street parking pads on an oversized double corner lot.
Where is this quadplex located?
The property is located at 1847 South 57th Avenue Cicero, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit multifamily building built in 1910; Oversized double corner lot with abundant outdoor space; Two‑car garage plus two additional off‑street parking pads for tenants and guests
