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Renovated 4-Unit Apartment Building

5400 W 23rd Street, Cicero, IL 60804

For Sale
$899,000

All four apartments are leased and have separate HVAC systems, water heaters, and in-unit laundry.

Property SizeContact for details
Days on Market146

Property Features for 5400 W 23rd Street

General Information

Standard status Active
Property subtype MULTI_FAMILY
Occupancy 100%

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 3BR/2BA, 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 4

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $13,348

Amenities

in-unit washer & dryer
separate HVAC systems
individual water heaters

Building Details

Year Built 1913
Listing Agency: Berkshire Hathaway HomeServices Chicago
Listed By: Fei Martin
Source: Meridianchicago
Added: Jun 18 Changed: Nov 8 Last Checked: Nov 9 at 2:36PM

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 Berkshire Hathaway HomeServices Chicago

Rey
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Investment Insights

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This four-unit residential property was built in 1913 and extensively renovated. The apartment mix includes one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit. Renovation work includes modernized kitchens and bathrooms, along with newer mechanical systems and updated finishes.

Each apartment has its own HVAC system and water heater, as well as in-unit laundry. All four units are currently leased. The property is located in Cicero, Illinois, at 5400 W 23rd Street.

Key Highlights

  • Four apartments: one 3‑bedroom/2‑bath, two 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath
  • All units are currently leased
  • In‑unit washer and dryer in each apartment

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,081
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
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Market

Properties on Market for Quadplexes in Cook County

Jul
Aug
Sep
Oct

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?
Quadplex - All four apartments are leased and have separate HVAC systems, water heaters, and in-unit laundry.
Where is this quadplex located?
The property is located at 5400 W 23rd Street Cicero, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four apartments: one 3‑bedroom/2‑bath, two 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath; All units are currently leased; In‑unit washer and dryer in each apartment
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