5-Unit Apartment
New
For Sale
$579,900
3202 S 48th Court, Cicero, IL 60804
The property includes a fenced yard and a three-car garage for on-site vehicle storage.
Property Size4,160 SF
Lot Size0.14 Acres
Price / SF$139.40
Days on Market3
Property Features for 3202 S 48th Court
General Information
Standard status
Active
Size
4,160 SF
Total Parking Spaces
3
Lot size
0.14 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,522
Amenities
fenced yard
Building Details
Building Size
4,160 SF
Year Built
1891
Buildings
1
Stories
2
Units
5
Listing Agency:
Solutions Realty & Assoc LLC
Listed By:
Juan Del Real
(708) 222-9900
Source:
Fishmangroup
Added: Oct 23
Last Checked: Oct 23 at 1:25PM
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 Solutions Realty & Assoc LLC
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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 5-unit apartment building contains 4,160 square feet and dates to 1891. The parcel measures about 35 X 180 and includes a fenced yard and a 3-car garage. Tenancies are month to month, and some residents have occupied their units for more than 20 years.
Public transportation, shopping, restaurants, and I-55 are nearby.
Public transportation, shopping, restaurants, and I-55 are nearby.
Key Highlights
- Five‑unit apartment building with 4,160 square feet
- Month‑to‑month tenancies; some residents have lived in the building for over 20 years
- 3‑car garage and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,259
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,180
$965.2K
Cap Rate 7%
$689,414
$689.4K
Cap Rate 9%
$536,211
$536.2K
Market Conditions
NOI Build-Up for 4,160 SF
Gross rent
$94.3K $22.68/SF
− Vacancy
−$6.6K −$1.59/SF
EGI
$87.7K $21.09/SF
− OpEx
−$39.5K −$9.49/SF
NOI
$48.3K $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%
$965,180
Cap Rate 7%
$689,414
Cap Rate 9%
$536,211
Alternative Uses
Best Use
Apartment 5plus
$689.4K
$603.2K – $804.3K
NOI $48,259 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,538 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes a fenced yard and a three-car garage for on-site vehicle storage.
Where is this apartment building located?
The property is located at 3202 S 48th Court Cicero, IL.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Five‑unit apartment building with 4,160 square feet; Month‑to‑month tenancies; some residents have lived in the building for over 20 years; 3‑car garage and fenced yard
