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Image 1 - 2119 S 51st Ave, Cicero, Illinois, 60804 - House for sale
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Home For Sale In Cicero, Illinois
2119 S 51st Ave, Cicero, Illinois, 60804

Home For Sale In Cicero, Illinois

house for sale
Listed: 06/13/24

2119 S 51st Ave, Cicero, Illinois, 60804

Studio Bed:
3 Bath:
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Price
$ 1,25M

About This House

10% Cap Rate As-Is (Proforma 11% + Cap Rate)! This 13 unit workforce housing property is located in Cicero, IL just outside Chicago and steps from Pink L Stop. Current ownership has made significant capital improvements over the years. Interior improvements include: New cabinets, countertops, stainless appliances, light fixtures, refinished flooring, new individual furnaces and more. Work completed across ~50% of units. Common area improvements: New laundry facility with seller owned Speed Queen equipment, new Bradford White commercial water heater, majority copper plumbing supply lines with individual unit shutoffs, new electrical circuits for kitchens and bathroom GFCIs, Silicone Roof Reseal, vinyl windows, and digital access for all common doors. Unit Mix: 4 x2BD/1BA - 3x1BD/1BA + Den - 6 x0BD/1BA …  Full description

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Cicero Housing & Living

Household Income

Median household income: $44,110
Number of households: 22,302
The average household income in Cicero, IL grew from $42,345 to $44,110 in the past year. This data is an estimate based upon 22,302 households in Cicero, IL.
The chart below presents how household income is distributed in Cicero, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cicero, IL compared to median property taxes around the country. The prevalent amount of property taxes in Cicero, IL equals $3k+ , which is more than the national average.