Property profile

1628 Cicero Ave Cicero, IL 60804

OFF-MARKET
Auto shops
Property ID
US28-1192850
0.07 ac lot Built 1954
Entity Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,975 square foot industrial property located at 1628 S Cicero Ave, Cicero, IL 60804, in Cook County. Built in 1954, this property is zoned M1, offering significant potential for a variety of uses. The asking price is $60,000. The property's size and zoning provide a versatile canvas for redevelopment or continued use as a manufacturing or warehouse space. Its location in Cicero, Illinois offers convenient access to major transportation routes, making it an attractive option for businesses needing efficient logistics. This property is being sold by the Cook County Land Bank Authority, presenting a unique chance for an investor or entrepreneur to acquire a property in a prime location at a competitive price. The existing structure provides a solid foundation for a range of projects, allowing for customization to meet specific business needs. This is a rare opportunity to acquire a property with significant upside potential in a desirable area. Serious inquiries are encouraged to explore the possibilities this property offers. The property's age presents an opportunity for renovation and modernization, allowing for the creation of a highly functional and updated space. The 2,975 square foot lot provides ample space for operations and potential expansion.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1954
Lot 0.07 ac (2,975 SF)
APN 16-21-407-034
UPID US28-1192850

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1628 Cicero Ave Cicero, IL 60804-1519
Cicero metro Census 813702 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1628 Cicero Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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