Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5760 Park Ave Cicero, IL 60804

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5760 Park Ave Cicero, IL 60804

    View on Map
    • Apartment buildings
    • 1 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 5760 Park Ave

    Property size
    1 SF
    Property type
    Apartment buildings

    Description

    This meticulously renovated five-unit apartment building in Cicero, Illinois, is offered at $650,000. Each of the one-bedroom units features modern updates including new HVAC, plumbing, and electrical systems, and engineered flooring. Kitchens and bathrooms have been completely renovated with contemporary finishes such as white shaker cabinets, quartz countertops, and stainless steel appliances. Exterior improvements include a new roof, windows, and porches. A two-car garage is accessible via a side driveway. The property enjoys a highly desirable location in Boulevard Manor, providing convenient access to Ogden's dining and shopping options, as well as major roadways like I-55 and I-290. Currently vacant, this property presents a strong investment opportunity with a 9.28% pro-forma cap rate. The building is situated at 5760 W Park Ave, Cicero, IL 60804, and is offered fee simple. This is a turnkey investment ready for immediate occupancy and rental income generation. The property's location and modern updates make it an attractive option for both investors seeking a strong return and residents seeking comfortable, updated living spaces.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cicero
    County
    Cook
    State
    Illinois
    Longitude
    -87.7681
    Latitude
    41.8322

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      4747 19Th St

      Multifamily properties • 0.24 Acres
      4747 19Th St, Cicero, IL 60804
      View Details
    • Value Estimation by Request
      0.14 Acres

      5017 14Th St

      Multifamily properties • 0.14 Acres
      5017 14Th St, Cicero, IL 60804
      View Details
    • Value Estimation
      $1,090,000
      0.17 Acres

      5531 25th St

      APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
      5531 25th St, Cicero, IL 60804-3374
      View Details
    • Value Estimation by Request
      0.11 Acres

      2125 60th Ct

      APARTMENT HOUSE (5+ UNITS) • 0.11 Acres
      2125 60th Ct, Cicero, IL 60804-2073
      View Details
    • Value Estimation by Request
      0.07 Acres

      5815 35th St

      GARDEN APT, COURT APT (5+ UNITS) • 0.07 Acres
      5815 35th St, Cicero, IL 60804-4390
      View Details
    • Value Estimation by Request
      0.14 Acres

      5344 25th St

      GARDEN APT, COURT APT (5+ UNITS) • 0.14 Acres
      5344 25th St, Cicero, IL 60804-3368
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,250 SF

      5028 W 31st Place, Cicero, IL 60804

      Apartment buildings • 7,250 SF
      5028 W 31St Pl, Cicero, IL 60804
      View Details
    • New
      $550,000
      0.08 Acres

      Cicero Multi-Family Opportunity

      Five-unit building in Cicero with remodeled apartments and extra income.
      1636 S 50Th Ct, Cicero, IL 60804
      View Details
    • Contact for pricing

      5434 W 25th Street, Cicero, IL 60804

      Apartment buildings
      5434 W 25Th St, Cicero, IL 60804
      View Details
    • $795,000
      0.17 Acres

      Mixed-Use Property with Upgraded Apartments

      Upgraded mixed-use property with apartments, storefront, and adjacent lot.
      5801 W 16Th St, Cicero, IL 60804
      View Details
    • New
      $795,000

      Upgraded Mixed-Use Property in Cicero

      Mixed-use property with apartments, storefront, and adjacent lot.
      5801 W 16Th St, Cicero, IL 60804
      View Details
    • $565,417
      0.09 Acres

      Mixed-Use Property on Central Avenue

      Mixed-use property with residential units and a storefront bar.
      2345 S Central Ave, Cicero, IL 60804
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,100 SF

      Cicero Retail/Office Space Available

      Retail or office space with ample parking in Cicero.
      1601-1647 S Cicero Ave, Cicero, IL 60804
      View Details
    • Contact for pricing
      323,343 SF

      Cicero Industrial Space For Lease

      323,343 SF industrial space available for lease in Cicero, IL.
      1531 S 54Th Ave, Cicero, IL 60804
      View Details
    • Contact for pricing

      Spacious Unit with Office Area

      Bright unit with backroom, washroom, and separate office area.
      5008 W 16Th St, Cicero, IL 60804
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Cicero Avenue

      Retail space with high visibility and ample parking.
      4804 W 24Th Pl, Cicero, IL 60804
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space with High Visibility

      Retail space featuring high traffic, visibility, and easy access.
      5126 W Cermak Rd, Cicero, IL 60804
      View Details
    • Contact for pricing
      110,360 SF

      Cicero Industrial Space For Lease

      Multiple industrial units available for lease up to 183,547 SF.
      3250 S Central Ave, Cicero, IL 60804
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5760 Park Ave
    Cicero, IL 60804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    5760 Park Ave, Cicero, IL, 60804

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!