5017 14Th StCicero, IL 60804

For Sale
$1,248,000

17-Unit Apartment Building, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 17-unit apartment building presents a compelling value-add investment opportunity in Cicero, Illinois. Located at 5017 W 14th St, this three-story, Class C property boasts 18,375 square feet of net rentable space, currently operating at 100% occupancy. Built in 1949 and renovated in 2019, the building sits on a 0.14-acre lot and is zoned R-3. The property offers significant upside potential with a strong net operating income (NOI) of $130,270, translating to an attractive 10.44% capitalization rate. The asking price is $1,248,000, or $73,411.76 per unit. Tenants benefit from convenient access to I-290, just a three-minute drive away, and ample parking with three garages providing space for ten or more vehicles. This fully occupied building demonstrates a history of high and consistent occupancy, making it an ideal investment for those seeking a stable, high-yielding asset in a desirable location. The property is offered with 100% ownership. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a growing market. The building's strong performance and location make it a prime candidate for continued growth and profitability. The solid occupancy rate and high cap rate offer immediate returns, while the value-add potential allows for future appreciation.

Highlights

  • Multifamily building: 17 units, 3 stories, $73,400 per unit, 10.44% cap rate, 100% occupancy.
  • Excellent highway access: 3-minute drive to I-290; 3 garages with 10+ parking spaces.
  • High occupancy: 100% occupied with a strong history of long-term tenant retention.

Property Details for 5017 14Th St

Property type
Multifamily properties, Apartment buildings
Class
C
Year Built/Renovated
1949/2019
Buildings
1
Stories
3
Lot Size (sq. ft)
6,098 SF
Units
17

Location Insight

City
Cicero
County
Cook
State
Illinois
Latitude
41.8619824
Longitude
-87.7503724
5017 14Th St, Cicero, Illinois
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5017 14Th St
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