Prime 18-Unit Mixed-Use Investment Property | High-Occupancy, Renovated Units

Highlights:

• Lot Dimension: 84x120
• Annual Tax: $ 37525.0
• Average Occupancy Rate: 100.0
• Cash Flow: 148937.0
• Fully Leased Income: $ 241574.0
• Gross Income: $ 241574.0
• Age: Over 50 Years Old
• Lot Size: Under 1/2 Acre
• Sewer: City
• Water: City Water

Description:

The subject is a corner site located along the south side of Roosevelt Road and the west side of 57th Avenue, to the south of the site is a public alley. Roosevelt Road is a main, two lane east/west thoroughfare in Cicero. Improvements surrounding the subject include commercial, mixed-use buildings, apartment buildings and some single family residential, to the south along 57th Avenue is residential.


Located approximately 9 miles southwest of downtown Chicago the Town of Cicero is primarily a residential community with industrial areas scattered throughout the suburb with commercial improvements located along the major thoroughfares. Neighboring communities include the Chicago neighborhoods of North and South Lawndale to the east, parts of Oak Park and the Chicago neighborhood of Austin to the north, Berwyn to the west and Stickney to the south.

Prime Location – High-demand area with strong rental potential.
Mixed-Use Asset – 18 units: 2 retail storefronts + 16 residential (6 studios, 6 one-bedrooms, 4 two-bedrooms).
Solid Construction – Three-story masonry building, 15,547 sq. ft.
Updated Units – 90% of residential units renovated, minimizing future costs.
Stable Income – Long-term retail tenants & high residential occupancy.
Efficient Operations – Separate utilities & individual furnaces for each unit.
Great Accessibility – Just 1 mile from I-290, minutes to downtown Chicago.
Growth Potential – Surrounded by residential, commercial, and industrial development.
Turnkey Investment – Well-maintained, cash-flowing asset.
Portfolio Opportunity – Ideal for investors seeking stability and appreciation.

The Proano Commercial Group is proud to present this exceptional investment opportunity at 5701 W. Roosevelt Road, Cicero, IL. This 18-unit mixed-use building offers a prime location in a high-demand area, ideal for investors seeking stable cash flow and long-term appreciation. Spanning approximately 15,547 square feet, the three-story masonry-constructed property features two street-facing commercial storefronts and 16 residential units, including six studios, six one-bedroom, and four two-bedroom apartments. With 90% of the residential units already remodeled, minimal capital expenditure is required, providing immediate value to the next owner. The property boasts high occupancy rates, long-term retail tenants, and separate utilities for each unit, ensuring operational efficiency. Additionally, the sale includes an adjacent empty lot, offering significant development potential for expansion or new construction. Conveniently located just one mile from I-290, this asset offers excellent accessibility and is surrounded by a vibrant mix of residential, commercial, and industrial developments. Don’t miss this opportunity to acquire a well-maintained, income-generating property with additional development upside in a thriving suburban market.

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