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Mixed-Use Building with Cafe
For Sale
$797,000

3101 S 49th Avenue, Cicero, IL 60804

Four apartments, a first-floor cafe, and a three-car garage provide distinct rental components.

Property SizeContact for details
Days on Market32

Property Features for 3101 S 49th Avenue

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Residential Income
Occupancy 100%

Additional Details

Highway Access Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $13,058

Building Details

Year Built 1908
Buildings 1
Listing Agency: Apartment & Home Seekers
Listed By: Neal Ratner · License #471010763
Source: Aptandhomeseekers
Added: Sep 24 Changed: Oct 22 Last Checked: Oct 23 at 9:33PM

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 Apartment & Home Seekers

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Investment Insights

Based on property information with market context.

This mixed-use property in Cicero combines four apartments with an operating cafe on the first floor and a three-car garage. The apartments include one-bedroom, one-bedroom-plus-flex, and two-bedroom layouts. Built in 1908, the building is fully rented, including the garage.

The property is near Cicero Avenue, with access to I-55 and Midway International Airport.

Key Highlights

  • Four apartments with one‑bedroom, one‑bedroom‑plus‑flex, and two‑bedroom layouts
  • Operating first‑floor cafe
  • Rented three‑car garage

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

695
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four apartments, a first-floor cafe, and a three-car garage provide distinct rental components.
Where is this mixed-use property located?
The property is located at 3101 S 49th Avenue Cicero, IL.
What is the asking price?
The asking price for this property is $797,000.
What are key features of this property?
This property features: Four apartments with one‑bedroom, one‑bedroom‑plus‑flex, and two‑bedroom layouts; Operating first‑floor cafe; Rented three‑car garage
More about this property
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