About 2957 N Cicero Avenue
Value-add 11-unit corner building in Belmont Cragin. Built in 1927, this 8,200 SF masonry brick asset features nine (9) upper-level apartments - four (4) studios, one (1) one-bedroom and four (4) two-bedrooms - over two (2) ground-floor storefronts totaling 3,000 SF, both currently vacant. Corner position on a high-traffic, high-visibility stretch of Cicero Ave at Wellington. In-place residential income today with significant value-add opportunity through cosmetic unit renovation and build-out/lease-up of the retail space. Estimated renovation budget of $235,000 to achieve the pro forma rents reflected ($15k/Apartment Unit, $100K budget to vanilla box the two commercial units). CAP/GRM are based on the pro forma estimates that reflect an all-in cost of $1,320,000. Units are separately metered. Offering memorandum includes the current rent roll. Pro forma projections are estimates and are not guaranteed. CTA bus service on Cicero Ave with I-90/94 access to downtown and O'Hare.
Features of 2957 N Cicero Avenue
| MLS® # | 12724119 |
|---|---|
| Price | $1,085,000 |
| Bathrooms | 0.00 |
| Year Built | 1927 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Active |
| Taxes | $25,857 |
Community Information
| Address | 2957 N Cicero Avenue |
|---|---|
| Area | CHI - Belmont Cragin |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60641 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | No |
| Has Pool | No |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Unfinished, Concrete, Storage Space |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Rubber |
| Foundation | Brick/Mortar |
Additional Information
| Days on Market | 37 |
|---|---|
| Zoning | COMMR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Triton Realty Group LLC |
|---|