BEDS0
BATHS
MLS#12779940
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Value-add 11-unit corner building in Belmont Cragin. Built in 1927, this 8,200 SF masonry brick asset features nine (9) upper-level apartments - four (4) studios, one (1) one-bedroom and four (4) two-bedrooms, on the ground floor there are two (2) storefronts totaling 3,000 SF, both currently vacant. Corner position on a high-traffic, high-visibility stretch of Cicero Ave at Wellington. In-place residential income today with significant value-add opportunity through cosmetic unit renovation and build-out/lease-up of the retail space. Estimated renovation budget of $235,000 to achieve the pro forma rents reflected ($15k/Apartment Unit, $100K budget to vanilla box the two commercial units). CAP/GRM are based on the pro forma estimates, including the renovation budget. Units are separately metered. Offering memorandum includes the current rent roll. Pro forma projections are estimates and are not guaranteed. CTA bus service on Cicero Ave with I- 90/94 access to downtown and O'Hare.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.14 Acres
Stories: 2.0
Taxes: $25,857
Year Built: 1927
Feature Descriptions
Exterior: Brick
Foundation: Brick/Mortar
HVAC: Radiators
Lot Dimensions: 50 x 122
Parcel#: 13271150010000
Units: 11
Listed By / Shown By
Listed By
Agency Name: Triton Realty Group LLC
Agency Phone: 312-788-9379
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 4,659.40 per month $2,214.44 Principal & Interest $2,154.75 Property Tax $290.21 Homeowner's InsuranceChange Payment Information
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2957 N Cicero Avenue | MLS# 12779940
This multi-family property located at 2957 N Cicero Avenue, Chicago, IL 60641 is currently listed for sale with an asking price of $995,000. Search Chicago real estate on www.bhhscrosby.com today.