1321 Austin Blvd Cicero, IL 60804
- Residential income homes
- 2,880 SF
- 0.09 lot acres
Current Use by Public Records
- Lifeline Church / Protestant Church
Property Details for 1321 Austin Blvd
- Year built
- 1918
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.09 lot acres
- Property size
- 2,880 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 16-05-216-012
- APU
- 1605216012
Description
This stunning, updated church located at 1321 S Austin Boulevard in Cicero, IL, presents a unique investment opportunity. Boasting 12,000 square feet, the property includes a large sanctuary with a balcony capable of seating up to 400 people. Ample parking is available for congregants and visitors. Recent renovations include new carpeting (2014), updated stage flooring (2014), a new roof (2013), and updated electrical systems (2010). The property also features a fully equipped recording studio, multiple conference rooms, several offices, a dedicated children's church area, and a commercial kitchen. A spacious fellowship hall provides ample room for gatherings and events. Updated restrooms for both men and women are conveniently located. Extensive storage space is available throughout the building. Adding to the exceptional value, a beautiful five-bedroom home is included in the sale. This home features hardwood floors, large living and dining rooms, and a two-and-a-half car garage. Priced at $1,250,000, this property offers a rare combination of religious space, residential accommodation, and modern amenities. The property sits on a 0-acre lot. This is an exceptional opportunity for a growing congregation or a savvy investor seeking a versatile property with significant potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $310,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $290,000
- Mixed-Use
- $300,000
- Hospitality
- $325,000
- Educational
- $290,000
- Residential Income
- $295,000
- Energy
- $325,000
- Income-Based Land
- $365,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7751
- Latitude
- 41.9045
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
