Price Reduced Listing
$1,085,000
( $132.32Per Sq Foot )
 $5,825 est/mo Sourced by Back At You

2957 N Cicero Avenue,Chicago, IL 60641

Chicago, IL 60641

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Description

Value-add 11-unit corner building in Belmont Cragin. Built in 1927, this 8,200 SF masonry brick asset features nine (9) upper-level apartments - four (4) studios, one (1) one-bedroom and four (4) two-bedrooms - over two (2) ground-floor storefronts totaling 3,000 SF, both currently vacant. Corner position on a high-traffic, high-visibility stretch of Cicero Ave at Wellington. In-place residential income today with significant value-add opportunity through cosmetic unit renovation and build-out/lease-up of the retail space. Estimated renovation budget of $235,000 to achieve the pro forma rents reflected ($15k/Apartment Unit, $100K budget to vanilla box the two commercial units). CAP/GRM are based on the pro forma estimates that reflect an all-in cost of $1,320,000. Units are separately metered. Offering memorandum includes the current rent roll. Pro forma projections are estimates and are not guaranteed. CTA bus service on Cicero Ave with I-90/94 access to downtown and O'Hare.

Details

MLS #12724119
Listing TypeFor Sale
StyleMulti Family 5+
Sub-TypeResale
StatusActive
Year1927
Days On Site33
Listing Provided ByTriton Realty Group LLC | James Thompson

Features

SQ Feet8,200
BasementY
Story(s)2
Units11
ZoningCOMMR
Acreage0.14

Interior

CoolingWindow Unit(s)
Fireplaces Total0

Exterior

RoofRubber
Foundation DetailsBrick/Mortar
Construction MaterialsBrick

Utilities

UtilitiesWater Available
ElectricSeparate Meters

Taxes

Tax Year2025
Tax Annual Amount25857

Area Information

StateIL
CountyCook
CityChicago
Zip Code60641
AreaCHI Belmont Cragin
Listing VS Median (in 60641)
Price:
$1,085,000
low | high
Med:
$425,000
100% of Average
sqft:
8,200
low | high
Med:
2,133
100% of Average
$ / sqft:
$132
low | high
Med:
$210
8.442536512587% of Average
On site:
33
low | high
Med:
168.5
19.584569732938% of Average
Sourced by Back At You

Market Activity 60641

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Learn More About This Property

Daniel and Associates Real Estate

Daniel and Associates Real Estate

 (630) 231-8090daareoffice@daare.com
StateIL
CountyCook
CityChicago
Zip Code60641
AreaCHI Belmont Cragin
Listing VS Median (in 60641)
Price:
$1,085,000
low | high
Med:
$425,000
100% of Average
sqft:
8,200
low | high
Med:
2,133
100% of Average
$ / sqft:
$132
low | high
Med:
$210
8.442536512587% of Average
On site:
33
low | high
Med:
168.5
19.584569732938% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $813K - $1.356M
sqft: 6,000 - 10,000
Nearby Listings Property ImageNearby Listings Details
3051-3053 N Cicero Avenue Property Photo 1
$565,000
3051-3053 N Cicero Avenue
Chicago, IL 60641
Listing Updated: September 3, 2026 at 3:54:41 PM PDT
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