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Laura Renaldo

laura@lookwithlaura.com +1(773) 513-9326

$ 449,000

Est. payment | -/mo

4 Beds

2 Baths

Save

$ 449,000

Est. payment | -/mo

Save

4 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12775827

Bedrooms 4

Year Built 1923

Annual Tax Amount $7,309

Tax Year 2025

Lot Dimensions 30X126.6X30X126.6

Property Sub-Type Two to Four Units

Property Description

Great opportunity for an investor or owner-occupant in Cicero! This renovated two-unit building offers flexibility for buyers looking to generate rental income, help cover the cost of homeownership, or make their first move toward building a real estate portfolio. The first-floor unit is vacant and ready for an owner-occupant or new tenant, with prospective tenants already calling to express interest, offering potential leasing opportunities for the next investor owner. The second-floor unit is currently rented for $1,950 per month, providing rental income from day one. The two-car garage is rented separately. The building features a new roof, and both units have received extensive updates. The first-floor unit offers two bedrooms and one bathroom, a renovated kitchen with new appliances and quartz countertops, in-unit washer and dryer, refurbished hardwood floors, bedroom carpeting, and radiator heat. The second-floor unit has been extensively remodeled, including the kitchen and bathroom. Updates include new appliances, quartz countertops, dishwasher, in-unit washer and dryer, refurbished hardwood floors, fresh paint, and a new furnace and central A/C. Significant plumbing and electrical improvements have also been completed throughout the building, including updated electrical panels and new electric water heaters for both units. A legal basement with two exits adds even more functionality to the property. For an owner-occupant, this could be an opportunity to live in one unit while the $1,950 monthly rent from the second unit helps cover a portion of the cost of ownership. Or lease both units and begin or expand your investment portfolio. With today's higher interest rates, ask about possible seller incentives that may be available to help buy down the buyer's interest rate with an acceptable offer. Contact the listing agent for additional details and a complete list of improvements.

Location

State IL

County Cook

Area Cicero

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Forced Air, Steam

Equipment Water Heater-Electric

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 99 , 99, 201

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Tiana Key of Redhawk Realty IL

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 513-9326

laura@lookwithlaura.com

1420 N Wood, Chicago, Illinois 60622, United States

1623 S 58th CT Cicero, IL 60804