5718 35Th St Cicero, IL 60804
- Residential income homes
- 4,810 SF
- 0.09 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 5718 35Th St
- Year built
- 1957
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.09 lot acres
- Property size
- 4,810 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 16-32-218-026
- APU
- 1632218026
Description
This exceptional mixed-use property at 5718 W 35th Street, Cicero, IL, presents a unique investment opportunity. The 4,810 square foot building houses a thriving dental practice and a spacious apartment, offering immediate cash flow. The dental practice, occupying approximately 2,000 square feet, features four operatories with the potential to add a fifth, a sizable waiting room, and a dedicated lab/sterilization area. A large unfinished 2,000 square foot basement provides significant expansion potential, ideal for additional office space, a staff kitchen, or a conference/training area. This makes it perfect for a startup, relocation, or expansion of an existing practice. The property also includes a substantial second-floor apartment boasting three or four bedrooms and two full bathrooms, currently occupied by a long-term tenant who desires to remain. Adding to the property's appeal is a detached two-car brick garage. The building sits on a desirable double corner lot in a densely populated area, conveniently located within miles of Stickney and Berwyn. This turnkey operation offers a blend of immediate income generation and significant long-term growth potential. The combination of a successful dental practice and a stable rental income stream makes this a truly compelling investment. Priced at $500,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $420,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $315,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $325,000
- Mixed-Use
- $310,000
- Hospitality
- $290,000
- Educational
- $405,000
- Residential Income
- $375,000
- Energy
- $300,000
- Income-Based Land
- $305,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Cicero
- County
- Cook
- State
- Illinois
- Longitude
- -87.7668
- Latitude
- 41.8293
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA