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$529,000
178 Days Online

5100 W 14th Street
Cicero, IL 60804

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
6,000
SqFt
$88
/SqFt
1915
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Equity Realty
Call Now: 312-766-7076
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312-766-7076
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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.

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Listing Snapshot
Price 
$529,000
Days Online 
178 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1915
MLS Number 
11364278
Status 
Active
Property Tax 
$15,899
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS
3 months agoPrice changed to $529,000
3 months agoPrice changed to $548,000
4 months agoPrice changed to $594,500
6 months agoPrice changed to $598,000
See 1 more
General Features
Construction 
Brick
Parking Spaces 
2
Electric 
Circuit Breakers
Number of Stories 
2
Property Sub Type 
Mixed Use
Foundation 
Concrete Perimeter
Zoning 
COMMR
Number Of Stories 
2
Parking Total 
2
Interior Features
Cooling 
Central Air
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Exterior Features
Roof 
Rubber
Construction Details 
Brick
Community Features
Township 
Cicero
MLS Area 
Cicero
Listing Courtesy of MRED as distributed by MLS Grid of Equity Realty



Based on information submitted to the MLS GRID as of 2022-09-27 01:05 AM UTC. 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.
Data last updated: 2022-09-27 01:05 AM UTC
MRED DMCA Copyright Information Copyright © 2022 Midwest Real Estate Data LLC. All rights reserved.

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Source: Walkscore
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