Corner Mixed-Use Investment
5720 Cermak Road Cicero, IL 60804
For Sale
$799,000
Four-unit mixed-use building with a ground-floor storefront and three upstairs residential apartments on a high-visibility corner.
Property Size3,500 SF
Price / SF$228.29
Days on Market96
Property Features for 5720 Cermak Road
General Information
- Standard status
- Active
- Size
- 3,500 SF
Building Details
- Year Built
- 1919
Listing Agency:
Kawash Group
(773) 490-1992
Listed By:
Henry Rafidia · License #475191009
(773) 490-1992
Source:
Compass
Added: Apr 19
Changed: Jul 23
Last Checked: Jul 23 at 7:18AM
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 Kawash Group
Investment Insights
Based on property information with market context.
This well-maintained four-unit mixed-use building features a ground-floor commercial storefront and three residential apartments on the upper level. The residential units are configured with three bedrooms and one full bathroom each, and the apartments have been rehabbed with updated kitchens, modern finishes, and hardwood floors.
The property is located on a high-visibility corner along the Cermak commercial corridor in Cicero. It is within walking distance of the 54th/Cermak CTA Pink Line station, with access to local schools, retail, and major expressways including I-290 and I-55.
The building’s mix of storefront and residential units supports diversified day-to-day occupancy, with the residential improvements positioned for immediate marketability.
The property is located on a high-visibility corner along the Cermak commercial corridor in Cicero. It is within walking distance of the 54th/Cermak CTA Pink Line station, with access to local schools, retail, and major expressways including I-290 and I-55.
The building’s mix of storefront and residential units supports diversified day-to-day occupancy, with the residential improvements positioned for immediate marketability.
Key Highlights
- Four‑unit mixed‑use building on a high‑visibility corner along the Cermak commercial corridor in Cicero
- Ground‑floor commercial storefront with street exposure, plus three upstairs residential apartments
- Each residential unit has 3 bedrooms and 1 full bathroom
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.0k | $30.00 |
| − Vacancy | −$10.5k | −$3.00 |
| EGI | $94.5k | $27.00 |
| − OpEx | −$35.4k | −$10.13 |
| NOI | $59.1k | $16.88 |
3,500 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$843.8K
$738.3K – $984.4K
NOI $59,063 @ 7.0% cap · market cap 7.39%
Second Best
Retail
$694.0K
$607.3K – $809.7K
NOI $48,581 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,587 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Four-unit mixed-use building with a ground-floor storefront and three upstairs residential apartments on a high-visibility corner.
Where is this mixed-use property located?
The property is located at 5720 Cermak Road Cicero, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit mixed‑use building on a high‑visibility corner along the Cermak commercial corridor in Cicero; Ground‑floor commercial storefront with street exposure, plus three upstairs residential apartments; Each residential unit has 3 bedrooms and 1 full bathroom
