5705 W Roosevelt Rd - Apartments FOR SALE


Cicero, IL 60804
$2,100,000 USD
312-860-4043
5705 W Roosevelt Rd, Cicero, IL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/26
null | 7.07% Cap Rate

5705 W Roosevelt Rd
Cicero, IL 60804


HIGHLIGHTS

  • Prime Location – High-demand area with strong rental potential.
  • Updated Units – 90% of residential units renovated, minimizing future costs.
  • Efficient Operations – Separate utilities & individual furnaces for each unit.
  • Great Accessibility – Just 1 mile from I-290, minutes to downtown Chicago.
  • Stable Income – Long-term retail tenants & high residential occupancy.
  • Solid Construction – Three-story masonry building, 15,547 sq. ft.

OVERVIEW

The Proano Commercial Group is proud to present this exceptional investment opportunity at 5701 W. Roosevelt Road, Cicero, IL. This 18-unit mixed-use building offers a prime location in a high-demand area, ideal for investors seeking stable cash flow and long-term appreciation. Spanning approximately 15,547 square feet, the three-story masonry-constructed property features two street-facing commercial storefronts and 16 residential units, including six studios, six one-bedroom, and four two-bedroom apartments. With 90% of the residential units already remodeled, minimal capital expenditure is required, providing immediate value to the next owner. The property boasts high occupancy rates, long-term retail tenants, and separate utilities for each unit, ensuring operational efficiency. Additionally, the sale includes an adjacent empty lot, offering significant development potential for expansion or new construction. Conveniently located just one mile from I-290, this asset offers excellent accessibility and is surrounded by a vibrant mix of residential, commercial, and industrial developments. Don’t miss this opportunity to acquire a well-maintained, income-generating property with additional development upside in a thriving suburban market. The subject is a corner site located along the south side of Roosevelt Road and the west side of 57th Avenue, to the south of the site is a public alley. Roosevelt Road is a main, two lane east/west thoroughfare in Cicero. Improvements surrounding the subject include commercial, mixed-use buildings, apartment buildings and some single family residential, to the south along 57th Avenue is residential. Located approximately 9 miles southwest of downtown Chicago the Town of Cicero is primarily a residential community with industrial areas scattered throughout the suburb with commercial improvements located along the major thoroughfares. Neighboring communities include the Chicago neighborhoods of North and South Lawndale to the east, parts of Oak Park and the Chicago neighborhood of Austin to the north, Berwyn to the west and Stickney to the south.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

18

PRICE/UNIT

$116,667

CAP RATE

7.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime 18-Unit Investment I 7% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Roosevelt Road T Transit

APN/PARCEL ID

16-20-205-006-0000,16-20-205-007-0000

ASK ABOUT THIS PROPERTY

Paul ProanoColdwell Banker Commercial RealtyMore Info
312-860-4043

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Paul ProanoColdwell Banker Commercial RealtyMore Info
312-860-4043

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.