5400 W 23rd Street, Cicero, IL
  • $949,000

Description

Turnkey, condo-quality 4-unit investment property! This extensively gut-rehabbed building features high-end finishes throughout and offers an excellent unit mix consisting of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit. All units are currently leased, providing immediate cash flow with a strong cap rate. Each apartment includes in-unit washer and dryer, separate HVAC systems, and individual water heaters, helping reduce owner expenses and simplify maintenance. The property has been renovated with modern kitchens, updated bathrooms, newer mechanicals, and quality finishes throughout. Conveniently located near schools, parks, shopping, dining, public transportation, and major expressways, this property offers strong tenant appeal and excellent accessibility. The desirable location supports stable occupancy and long-term rental demand. A rare opportunity to acquire a fully stabilized, turnkey asset with strong in-place income and minimal capital expenditure needs. Perfect for investors seeking immediate cash flow and long-term appreciation potential.

  • Listing Courtesy of: Berkshire Hathaway HomeServices Chicago

Details

Updated on June 27, 2026 at 4:05 am
  • Property ID MRD12682695
  • Price $949,000
  • Land Area 0.09 Acres
  • Bedrooms 8
  • Garages 2
  • Year Built 1913
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 3
  • Parcel Number 16281050400000
  • Water Source Lake Michigan,Public
  • Sewer Public Sewer
  • MLS Status Active
  • Days On Market 9
  • Living Area 0.09
  • Cumulative Days On Market 7
  • Tax Annual Amount 13348
  • Heating Natural Gas
  • Parking Features Yes,Garage Owned,Detached,Garage
  • Directions Laramie to Cermak west to 54th AVE south to 23rd Street to property.
  • Zoning MULTI
  • Address 5400 W 23rd Street
  • City Cicero
  • State/county IL
  • Zip/Postal Code 60804
  • Country United States

Overview

Property ID: MRD12682695
  • Multi Family
  • Property Type
  • 8
  • Bedrooms
  • 2
  • Garages
  • 1913
  • Year Built

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