$562,500
$625,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/12/2023
Key Details
Sold Price $562,500
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11943929
Sold Date 07/12/23
Year Built 1913
Annual Tax Amount $12,495
Tax Year 2021
Lot Dimensions 60 X 126
Property Sub-Type Mixed Use
Property Description
*** Cicero, Il *** 4 Unit Mix Use Building featuring 3 Residential apartments plus a Store Front near the border of Cicero and Berwyn. Each residential unit features 2 Bedrooms, 1 Bath, plus Separate Dining Rooms. Apartments are very spacious. Store front boast close to 1000 sq. ft. of retail space which is currently being used as a Hair Salon Has been used for a hair Salon for over 30 years. Building is completely rented, but does has option for owner occupant as there are month-2-month leases available. Building was brought up to Cicero code when current owner purchase. Improvements include: Entire windows were replaced with New Vinyl double pane windows in 2005, Tear off roof to building 2005, New Garage Roof 2018, All new concrete sidewalk and patio in side yard 2005, All new electrical wiring through apartments including Circuit Breaker boxes in 2005. Countless improvements over the years during vacancies, very well managed building by owner. Basement features a huge Social Room which was used for family gatherings. Second half of basement is also finished with additional storage rooms. Utility Room includes a single Boiler Heating system with a 100 gallon water heater. Coin laundry is consistently used by tenants. This investment features a full second lot which is attached to property and serves as side yard patio allows added space for tenants to utilize for social gatherings. For small business owner in need of added storage or car enthusiast Building includes TWO independent garages. First garage is a standard 2 car garage with individual garage doors which fits 2 vehicles comfortable, Second garage is a tandem two car garage. Garage attic is utilized as storage for owner. Landscaping or Tool room is also available with over 200 sq. ft. Investment opportunity on a commercial street surrounded by Cicero and Berwyn retail.
Location
State IL
County Cook
Area Cicero
Zoning MULTI
Interior
Cooling None
Fireplace N
Building
Level or Stories 2
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Bought with Erik Corral • RE/MAX Partners
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "