$210,000
●
Multifamily -
Off Market
1833 S 57th Avenue
Cicero, IL 60804
5 Beds
3 Baths
$1,550
Est. Monthly
18.74%
Cap Rate
About This Property
This is a wonderful opportunity for someone to take on a new
project as this is an estate sale that is going to need your ideas
to restore this property into a true money maker. This is a 2
flat with a basement unit that must see with the village to make it
legal. This brick 2 flat property has such great bones.
Set your appointment today! The property is sold in "As
Is" Condition. The village inspection will be done next week.
2nd floor unit has 2 bedrooms 1 bath the 1st floor unit has 3
beds 1 bath and in the basement there is 2 beds 1 bath. 2 car
garage off the alley. The roof looks like will need
attention. This is a rare opportunity and the property is
priced accordingly. Bring your Best offers and make sure to
come see it. Must see!
Unit Size
-
Days on Market
-
Land Size
0.08 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$568
HOA Dues
-
Year Built
1913
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MRED MLS #12096850)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Sep 29, 2024 | No longer available | - | |
| No longer available | |||
| Jul 15, 2024 | In contract | - | |
| In contract | |||
| Jun 26, 2024 | Listed by Capital Investment Realty Group Inc | $200,000 | |
| Listed by Capital Investment Realty Group Inc | |||
Property Highlights
Parking Details
Total Number of Parking: 2
Garage Spaces: 2
Garage Ownership: Owned
Garage On-Site: Yes
Garage Type: Detached
Interior Details
Bedrooms: 5
Bathrooms: 3
Rooms: 9
Basement: Full
Basement Description: Unfinished
Exterior Details
Ownership: Fee Simple
Exterior Building Type: Brick
Age: 100+ Years
Rebuilt(Y/N): No
Parcel Number: 16204150140000
Property Type: Residential Income
Year Built: 1913
Special Conditions: Probate Listing
Lot Size: Less Than .25 Acre
Lot Size Acres: 0.08
Lot Size Dimensions: 30X126
Water Source: Lake Michigan, Public
Financial Details
Tax Year: 2022
Tax Annual Amount: $6,810
Tax Exemptions: Homeowner, Senior
Utilities Details
Heating: Natural Gas, Forced Air
Sewer : Public Sewer
Location Details
Township: Cicero
Corporate Limits: Cicero
Directions: CENTRAL AVE TO 18TH ST WEST TO 57TH AVE SOUTH TO PROPERTY.
County or Parish: Cook
Elementary School District: 99
Elementary School: Daniel Burnham Elementary School
Middle Or Junior School District: 99
Middle Or Junior School: Unity East School
High School District: 201
High School: J Sterling Morton East High Scho
Other Details
Holds Earnest Money: No
Possession: Closing
Some Photos Virtually Staged (Y/N): No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/26/2024
| |
5 Bed
|
3 Bath
|
-
|
$200,000
5 Bed
3 Bath
|
$210,000
+5.00%
11/18/2024
|
Otis Lazich
Capital Investment Realty Group Inc
|
Building Info
About Cicero
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Listed by: Otis Lazich, Capital Investment Realty Group Inc
Last Updated: 2 years ago
Data Source: MRED, MLS# 12096850
All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12096850
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