1344 Austin Blvd Cicero, IL 60804

Property Details for 1344 Austin Blvd

Year built

1951

Lot size

0.09 lot acres

Property size

6,000 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a well-maintained, five-unit brick building situated at 1344 S Austin Boulevard in Cicero, Illinois. The property boasts a total of 6,000 square feet on a 0.09-acre lot, offering ample space and potential for increased revenue. The building comprises four two-bedroom, one-bathroom units and one two-bedroom, two-bathroom unit, all featuring hardwood floors and included kitchen appliances. Each unit is equipped with its own forced air furnace and hot water tank, with tenants responsible for all utilities (gas, electric, wifi, cable). Three off-street parking spaces are available in the rear alley. The building is currently fully occupied, with most leases month-to-month, allowing for flexible rent adjustments and potential income growth. Significant updates have been completed, including electrical work, window replacements, and roof repair. The basement is already plumbed for a coin-operated laundry facility, presenting an immediate opportunity to enhance profitability. The property's strategic location just south of Roosevelt Road, with proximity to I-290, Oak Park, and the Blue Line train, along with a convenient bus stop directly in front, ensures high tenant demand and accessibility. With unit sizes reaching 1,100 square feet and a thriving rental market, this property represents a compelling investment opportunity with significant upside potential. The asking price is $629,000.