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    2841-49 N Cicero Ave Chicago, IL 60641

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    For Sale
    $989,000

    15,375 SF parcel on Cicero Avenue for retail development.

    Property Features for 2841-49 N Cicero Ave

    General Information

    Standard status
    Active

    Source: MILLENNIUM PROPERTIES RE, INC. Agent DANIEL HYMAN

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

    Overview

    Cicero Avenue Retail Development Opportunity

    This 15,375 square foot parcel is available for sale on Cicero Avenue, situated between Diversy and Fullerton. The land presents a development opportunity for a variety of retail uses. The site features substantial frontage on Cicero Avenue and offers convenient access to Six Corners. The Belmont Cragin community has experienced population growth and renewed investment. Local businesses benefit from a strong residential consumer base.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7462356
    Latitude
    41.9326997

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    FAQs

    What type of property is this?
    Commercial land - 15,375 SF parcel on Cicero Avenue for retail development.
    Where is this commercial land located?
    The property is located at 2841-49 N Cicero Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: - High-traffic location on Cicero Avenue between Diversy and Fullerton.; - Large 15,375 square foot parcel suitable for various retail developments.; - Substantial frontage on Cicero Avenue with easy access to Six Corners.
    (312) 338-3000
    Request Owner's contact information
    2841-49 N Cicero Ave Chicago, IL 60641
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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
    2841-49 N Cicero Ave Chicago, IL 60641
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