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    5100 W 14th Street

    Cicero, IL 60804
    • $549,900
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 11013046
    UPDATED: 21 min ago
    $549,900
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $92
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1915
    County:
    Area:

    School Ratings & Info

    Description

    Owner Financing Available. Beautiful mixed-use 4 unit building located in Cicero, IL, a nearby suburb of Chicago a world class city. Two adjacent buildings on one pin. This unique offering allows an investor to acquire a 100% fully occupied building at an in-place 7.46% cap rate. Value add opportunity exists on the residential rent increase. The subject property is located just one block away from the newly developed 320,000 SF industrial corridor. Bridge Development joins dozens of national companies that have decided to relocate or to expand in the Town of Cicero, strengthening the tax base for residents & the community. The 18.5-acre site is located at 1531 S. 54th Ave., less than one mile from I-290. The site was formerly home to a General Electric manufacturing facility. The property will feature 36-foot clear heights, 50 docks, 77 trailer positions, parking for 273 cars. Subject Property: The 2 residential apartments (Each approx. 825 SF) feature recently remodeled 2 bedroom / 1 bathroom units, hardwood flooring, granite countertops, gas forced heating & cooling. The first commercial unit (warehouse), approximately 2,400 SF, features recent improvements such as new plumbing, 200 amp electrical, bathroom improvements, floor epoxy, kitchen cabinets, granite countertops, AC, climate control and state of the art sound, cameras and security. Tenant lease expires Dec. 2022 w/ 3% annual rent increases. The second commercial unit (salon), approximately 1,700 SF, features gas forced heating & cooling, hardwood floors, two bathrooms and basement storage. Tenant lease expires Sept. 2024 w/ 3% annual rent increase. BITCOIN/CRYPTO ACCEPTED.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T18:53:49.47 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    5100 W 14th Street Cicero, IL 60804

    • Price: $549,900
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 11013046
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,000
    SQFT
    $92
    $/SQFT
    1915
    Built
    Neighborhood:
    Cicero
    County:
    Cook
    Area:
    Cicero
    Property Description
    Owner Financing Available. Beautiful mixed-use 4 unit building located in Cicero, IL, a nearby suburb of Chicago a world class city. Two adjacent buildings on one pin. This unique offering allows an investor to acquire a 100% fully occupied building at an in-place 7.46% cap rate. Value add opportunity exists on the residential rent increase. The subject property is located just one block away from the newly developed 320,000 SF industrial corridor. Bridge Development joins dozens of national companies that have decided to relocate or to expand in the Town of Cicero, strengthening the tax base for residents & the community. The 18.5-acre site is located at 1531 S. 54th Ave., less than one mile from I-290. The site was formerly home to a General Electric manufacturing facility. The property will feature 36-foot clear heights, 50 docks, 77 trailer positions, parking for 273 cars. Subject Property: The 2 residential apartments (Each approx. 825 SF) feature recently remodeled 2 bedroom / 1 bathroom units, hardwood flooring, granite countertops, gas forced heating & cooling. The first commercial unit (warehouse), approximately 2,400 SF, features recent improvements such as new plumbing, 200 amp electrical, bathroom improvements, floor epoxy, kitchen cabinets, granite countertops, AC, climate control and state of the art sound, cameras and security. Tenant lease expires Dec. 2022 w/ 3% annual rent increases. The second commercial unit (salon), approximately 1,700 SF, features gas forced heating & cooling, hardwood floors, two bathrooms and basement storage. Tenant lease expires Sept. 2024 w/ 3% annual rent increase. BITCOIN/CRYPTO ACCEPTED.
    Exterior Features

    Construction Materials Brick Foundation Details Concrete Perimeter Frontage Type City StreetPublic Road Location Central Business DistrictCornerMixed Use Area Outdoor Parking 1-5 SpacesPavedSecured Parking Total 2 Roof Rubber Roof Structure Flat

    Interior Features

    Cooling Central Air Electric Circuit Breakers Fire Protection Fire Extinguisher/S Heat Ventilation Forced AirGas Indoor Parking 6-12 Spaces Number Of Apts 2 Number Of Offices 0 Number Of Stores 2

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 7 Current Use Commercial Electric Expense 0 Existing Lease Type N/A Expense Year 2019 Exterior Building Type Brick Fuel Expense 0 Geographic Locale Chicago Southwest Gross Income 64800 Gross Scheduled Income 64800 Insurance Expense 3300 Lot Size Dimensions 53X100 Net Operating Income Year 2019 Number Of Tenants 4 Operating Expense 22885 Other Expense 0 Possible Use CommercialMulti-FamilyRetail Seller Will Other Tax Annual Amount 17377 Tax Year 2019 Tenant Pays ElectricityHeat Total Monthly Income 5400 Trash Expense 0 Water Sewer Expense 2208 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Equity Realty.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T18:53:49.47 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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