5760 W Park Ave
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5760 W Park Ave
5 Unit Apartment Building $650,000 ($130,000/Unit) 9.28% Cap Rate Cicero, IL 60804
Investment Highlights
- 100% Rehabbed
- Full plans, permits, inspections pulled and passed
- Most desirable area of Cicero
Executive Summary
CRER presents a meticulously rehabbed multifamily property in Boulevard
Manor, Cicero, priced at $650,000. This investment features five one-bedroom
units, each with modern updates including new HVAC, plumbing, and electrical
systems, plus engineered flooring. Kitchens and bathrooms are fully renovated
with contemporary finishes like white shaker cabinets, quartz countertops, and
stainless steel appliances. Externally, the property boasts a new roof, windows, and
porches, alongside a two-car garage accessed via a side driveway. Conveniently
located near Ogden’s dining and shopping, with easy access to I55 and I290, this
property combines comfort with accessibility, making it an attractive option for
investors and residents alike
Manor, Cicero, priced at $650,000. This investment features five one-bedroom
units, each with modern updates including new HVAC, plumbing, and electrical
systems, plus engineered flooring. Kitchens and bathrooms are fully renovated
with contemporary finishes like white shaker cabinets, quartz countertops, and
stainless steel appliances. Externally, the property boasts a new roof, windows, and
porches, alongside a two-car garage accessed via a side driveway. Conveniently
located near Ogden’s dining and shopping, with easy access to I55 and I290, this
property combines comfort with accessibility, making it an attractive option for
investors and residents alike
Property Facts
| Price | $650,000 | Apartment Style | Garden |
| Price Per Unit | $130,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 9.28% | Building Size | 3,235 SF |
| Gross Rent Multiplier | 7.52 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1969/2024 |
| Property Type | Multifamily | Parking Ratio | 0.62/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $650,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| Cap Rate | 9.28% |
| Gross Rent Multiplier | 7.52 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,235 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2024 |
| Parking Ratio | 0.62/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,300 | - |
| 2+1 | 1 | $1,650 | - |
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PROPERTY TAXES
| Parcel Number | 16-32-221-002-0000 | Improvements Assessment | $27,821 |
| Land Assessment | $5,590 | Total Assessment | $33,411 |
PROPERTY TAXES
Parcel Number
16-32-221-002-0000
Land Assessment
$5,590
Improvements Assessment
$27,821
Total Assessment
$33,411
zoning
| Zoning Code | Residential Multifamily (Multifamily housing permitted.) |
| Residential Multifamily (Multifamily housing permitted.) |
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5760 W Park Ave
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