5017 W 14th St
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5017 W 14th St
17 Unit Apartment Building $1,248,000 ($73,412/Unit) 10.44% Cap Rate Cicero, IL 60804
Investment Highlights
- 10.44% CAP
- Easy to rent building - 100% occupied and it has a high, long-term occupancy record
- Quick access to the highway, just a 3-min drive to I-290 Garage parking - 3 parking garages with 10 parking spaces
Executive Summary
Introducing a prime investment opportunity in Cicero, IL: a meticulously maintained,
18,375 SF low-rise offering 17 fully occupied units. This landmark property, dating
back to 1949 and thoughtfully renovated in 2019, boasts a remarkable 10.44% cap
rate and an exceptional 28.36% cash-on-cash return. With a convenient location just
minutes from I-290, this R-3 zoned gem provides ease of access and 3 parking garages
with 10 spaces, enhancing its appeal to investors. Don't miss out on this compelling,
consistently high-performing property with a strong history of long-term tenancy.
18,375 SF low-rise offering 17 fully occupied units. This landmark property, dating
back to 1949 and thoughtfully renovated in 2019, boasts a remarkable 10.44% cap
rate and an exceptional 28.36% cash-on-cash return. With a convenient location just
minutes from I-290, this R-3 zoned gem provides ease of access and 3 parking garages
with 10 spaces, enhancing its appeal to investors. Don't miss out on this compelling,
consistently high-performing property with a strong history of long-term tenancy.
Financial Summary (Actual - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,248,000 | Apartment Style | Low Rise |
| Price Per Unit | $73,412 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 10.44% | Building Size | 18,375 SF |
| Gross Rent Multiplier | 8 | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 0.54/1,000 SF |
| Price | $1,248,000 |
| Price Per Unit | $73,412 |
| Sale Type | Investment |
| Cap Rate | 10.44% |
| Gross Rent Multiplier | 8 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 18,375 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1949 |
| Parking Ratio | 0.54/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
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PROPERTY TAXES
| Parcel Number | 16-21-219-001-0000 | Improvements Assessment | $102,252 (2023) |
| Land Assessment | $6,739 (2023) | Total Assessment | $108,991 (2023) |
PROPERTY TAXES
Parcel Number
16-21-219-001-0000
Land Assessment
$6,739 (2023)
Improvements Assessment
$102,252 (2023)
Total Assessment
$108,991 (2023)
zoning
| Zoning Code | R-3; Cicero |
| R-3; Cicero |
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