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    5100 14th Street

    Cicero, IL 60804
    • $545,000
    • STATUS: Active
    • ON SITE: 74 days
    • MLS #: 10775122
    UPDATED: 77 min ago
    $545,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $91
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1915
    County:
    Area:

    School Ratings & Info

    Description

    Owner Financing Available. 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. BITCOIN/CRYPTO ACCEPTED.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2020-09-22T11:52:28.297 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    5100 14th Street Cicero, IL 60804

    • Price: $545,000
    • Status: Active
    • Updated: 77 min ago
    • MLS #: 10775122
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,000
    SQFT
    $91
    $/SQFT
    1915
    Built
    Neighborhood:
    Cicero
    County:
    Cook
    Area:
    Cicero
    Property Description
    Owner Financing Available. 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. BITCOIN/CRYPTO ACCEPTED.
    Exterior Features

    Construction Brick Foundation Concrete Frontage Access City StreetPublic Road Location Central Business DistrictCornerMixed Use Area Lot Dimensions 53X100 Lot Sq Ft 5702 Number Of Parking Spaces 2 Roof Coverings Rubber Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Fire Protection Fire Extinguisher/S Indoor Parking 6-12 Spaces Number Of Apts 2 Number Of Offices 0 Number Of Stores 2 Number Of Stories 2 Outdoor Parking 1-5 SpacesPavedSecured

    Property Features

    Age Older Built Before1978 YN Yes Current Use Commercial Electrical Service Circuit Breakers Electricity Expense 0 Expense Year 2019 Exterior Building Type Brick Fuel Expense 0 Geographic Locale Chicago Southwest Gross Rental Income Amount 64800 Heat Ventilation Forced AirGas Insurance Expense 3300 Insurance Expense Source Actual Lease Type N/A Net Oper Income Amount 41915 Net Operating Income Year 2019 Number Of Tenants 4 Other Expenses 0 Possession ClosingImmediateTenant's Rights Potential Use CommercialResidential-Multi-FamilyRetail Rental Price 0 Sale Terms ConventionalOwner May Help/Assist Seller Will Other Tax Year 2019 Taxes 17377 Tenant Pays ElectricHeat Total Annual Exp 22885 Total Annual Expense Source Actual Total Annual Income 64800 Total Monthly Income 5400 Township Cicero Water Expense 2208 Water Expense Source Actual Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Goldbay Advisors Inc..


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2020-09-22T11:52:28.297 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647