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About the Listing 86545 - 897581
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 $1,485,000. 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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Radiators
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Concrete,Storage Space
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50x122
- Zoning: COMMR
- Roof: Rubber
- Others:
- Sewer:
Financial Details
- Tax Amount: $25,857
- Taxes w/Assessments: N/A
- Tax/Property ID: 13271150010000
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
2957 N Cicero Ave Chicago, IL 60641
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