Turnkey 18-Unit Building with Development Upside & Seller Financing

Highlights:

• Prime Location – Corner site at Roosevelt Rd. & 57th Ave., 1 mile to I-290, 9 miles to downtown.
• Strong Market – Surrounded by residential, commercial, and mixed-use properties.
• Mixed-Use – 18 units: 2 retail + 16 residential (6 studios, 6 one-beds, 4 two-beds).
• Solid Build – 3-story masonry, 15,547 sq. ft.
• Updated Units – 90% of residential units renovated.
• Reliable Income – Long-term retail tenants, high residential occupancy.
• Efficient Ops – Separate utilities and individual furnaces.
• Seller Financing – 18-month I/O at 6.5%, 25% down, no prepay penalty.
• Expansion Potential – Includes adjacent vacant lot.
• Turnkey Asset –Cash-flowing, low maintenance, strong upside.
• 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 proud to present 5701 W. Roosevelt Road in Cicero, IL—an 18-unit mixed-use building in a high-demand area, offering strong cash flow and long-term potential. The 15,547 SF masonry property features two commercial storefronts and 16 residential units (studios, one- and two-bedrooms), with 90% of the units already remodeled. High occupancy, long-term tenants, and separate utilities make for efficient operations. An adjacent vacant lot is included, offering future development potential. Seller financing is now available with an 18-month interest-only bridge loan at 6.75%, secured by the property, with a minimum 25% down payment and*no prepayment penalty. This structure provides buyers with positive leverage and a window to refinance once rates shift or stabilize, while keeping carry costs low. Located just one mile from I-290, this is a prime opportunity to acquire a stabilized asset with upside and flexible terms.


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.

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