5017 14Th St, Cicero, IL 60804
- Commercial real estate
- 0.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5017 14Th St
- Year built
- 1949
- Lot size
- 0.14 lot acres
- Property type
- Commercial real estate
Description
This exceptional 17-unit apartment building presents a compelling value-add investment opportunity in Cicero, Illinois. Located at 5017 W 14th St, this three-story, Class C property boasts 18,375 square feet of net rentable space, currently operating at 100% occupancy. Built in 1949 and renovated in 2019, the building sits on a 0.14-acre lot and is zoned R-3. The property offers significant upside potential with a strong net operating income (NOI) of $130,270, translating to an attractive 10.44% capitalization rate. The asking price is $1,248,000, or $73,411.76 per unit. Tenants benefit from convenient access to I-290, just a three-minute drive away, and ample parking with three garages providing space for ten or more vehicles. This fully occupied building demonstrates a history of high and consistent occupancy, making it an ideal investment for those seeking a stable, high-yielding asset in a desirable location. The property is offered with 100% ownership. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a growing market. The building's strong performance and location make it a prime candidate for continued growth and profitability. The solid occupancy rate and high cap rate offer immediate returns, while the value-add potential allows for future appreciation.
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Location Insight
- Map
- Local Demand
- City
- Cicero
- County
- Cook
- State
- Illinois
- Longitude
- -87.7503724
- Latitude
- 41.8619824
