High-Performing Cicero Asset with Growth Potential & Bonus Lot

Highlights:

• Highlights:
• Seller Financing – 20% Down
• 6% interest-only for 18 months, no prepay penalty.
• 10.37% Cash-on-Cash Return
• Strong income from day one with flexible terms.
• Below-Market Rents
• Room to raise rents and boost cash flow.
• Turnkey 18-Unit Mixed-Use
• 90% renovated, high occupancy, low maintenance.
• Separate Utilities
• Efficient operations with individual furnaces/meters.
• Stable Commercial Tenants
• Long-term leases provide reliable income.
• Bonus Lot Included
• Adjacent parcel offers expansion or parking potential.
• Major CapEx Completed
• Roof, plumbing, furnaces, windows, unit upgrades done.
• Prime Location
• 1 mile to I-290, 9 miles to downtown Chicago.
• Strong Returns + Upside
• 7.16% cap rate with room to grow income.
• Capital Improvements:
• 2024• Two new hot water heaters installed• Complete remodel of both commercial unit bathrooms
• 2023• Roof replaced over 5701 section• Plumbing upgraded (50% copper / 50% galvanized)• Lintels replaced• Tuckpointing completed
• 2019• All furnaces replaced (converted from radiator heating system)
• 2017• Windows replaced throughout
• 2014 – Present• Interior renovations completed on most residential units to support market rent growth

Description:

The Proano Commercial Group is pleased to present a compelling investment opportunity at 5701 W. Roosevelt Road in Cicero, Illinois. This turnkey 18-unit mixed-use property features two commercial storefronts and sixteen residential apartments, including a mix of studios, one-bedroom, and two-bedroom units. The building is 90% renovated, enjoys high occupancy, and is efficiently operated with separate utilities and individual furnaces. Situated just one mile from I-290 and approximately nine miles from downtown Chicago, the asset sits on a prime corner lot and includes an adjacent vacant parcel, offering a unique opportunity for future development or additional income streams.

What sets this offering apart is the newly available seller financing, structured to provide buyers with maximum flexibility and immediate financial benefit. Under the current terms, a qualified buyer can acquire the property with just a 20% down payment and secure financing at 6% interest-only for 18 months, with no prepayment penalty. This structure offers a projected 10.37% cash-on-cash return during the interest-only period, giving investors the advantage of enhanced monthly cash flow and reduced upfront capital requirements. The absence of a prepayment penalty adds further strategic flexibility, allowing the buyer to refinance, reposition, or exit at any time without financial constraints.

Located just one mile from I-290 and approximately 9 miles southwest of downtown Chicago, this prime corner site sits at the intersection of Roosevelt Road and 57th Avenue in Cicero. The property fronts Roosevelt Road, a major two-lane east/west thoroughfare, with a public alley to the south. The immediate area features a diverse mix of commercial and mixed-use buildings, apartment complexes, and single-family homes—particularly along 57th Avenue. Cicero itself is a predominantly residential suburb with commercial corridors and scattered industrial areas, bordered by North and South Lawndale to the east, Oak Park and Austin to the north, Berwyn to the west, and Stickney to the south. This is a rare opportunity to acquire a stabilized asset in a vibrant, well-connected urban-suburban setting with strong surrounding infrastructure.

The subject site is an approximate 7,160+- foot tract of land, improved with a three story mixed-use type building containing two storefronts and sixteen residential apartments. It is commonly known as 5701 W Roosevelt Road, Cicero, Illinois. The property is also described as Permanent Index Number 16-20-205-007, Cook County.

The subject site is an approximate 7,160+- foot tract of land, improved with a three story mixed-use type building containing two storefronts and sixteen residential apartments. It is commonly known as 5701 W Roosevelt Road, Cicero, Illinois. The property is also described as Permanent Index Number 16-20-205-007, Cook County.