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Greg Cirone

xragents@gmail.com +1(708) 415-6755

Listed by Fei Martinof Berkshire Hathaway HomeServices Chicago

Est. payment - /mo

8 Beds

3,920 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12682695

Bedrooms 8

Year Built 1913

Annual Tax Amount $13,348

Tax Year 2024

Lot Size 3,920 Sqft

Lot Dimensions 30X135

Property Sub-Type Two to Four Units

Property 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.

Location

State IL

County Cook

Community Gated, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Unfinished, Partial

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Asphalt

Building

Lot Description Corner Lot

Foundation Brick/Mortar, Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 201, 201, 201

Others

Ownership Fee Simple

Special Listing Condition None

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Greg Cirone

+1(708) 415-6755

Managing Broker License ID: 471003959

5400 W 23rd ST Cicero, IL 60804

Greg Cirone

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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5400 W 23rd ST

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