5000 West 16th Street
5000 West 16th Street
$599,900
12
9
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Description
This is the opportunity you've been waiting for! Massive VALUE ADD - 11 UNIT opportunity in an ideal and highly dense business corridor in a prime Cicero location! 6 commercial units and 5 fully occupied cash-flowing residential apartments. This is your opportunity to build equity in a highly appreciating area! Package deal! Owner is retiring after 40 years! Rare opportunity! Sale includes a fully operating and profitable convenience store. Room to increase profits by improving and expanding convenience...This is the opportunity you've been waiting for! Massive VALUE ADD - 11 UNIT opportunity in an ideal and highly dense business corridor in a prime Cicero location! 6 commercial units and 5 fully occupied cash-flowing residential apartments. This is your opportunity to build equity in a highly appreciating area! Package deal! Owner is retiring after 40 years! Rare opportunity! Sale includes a fully operating and profitable convenience store. Room to increase profits by improving and expanding convenience store, or simply lease out! First floor can be expanded for large businesses, or keep it divided for multiple streams of income. Perfect location for businesses on highly visible corner. Cicero is a highly appreciating market with a new Amazon warehouse and other major companies in the immediate area. This particular pocket is perfect for a landlord and for businesses due to its central location in an incredibly dense residential area. Vacancy rates are incredibly low. High rental market due to low inventory! Current owner did well off of his convenience store and so didn't need to rent out commercial units. Ask real estate agent for actual and projected numbers. Potential cap rate of 9-10%. Apartments: 4 bed/2 bath. 3 bed/1bath. 2 x 2 bed/1 bath. 1 bed/1bath. Large building with 100x60 ft exposure on two major streets. Opportunity to take your business to new heights! Schedule your showing before it's gone.
- Listed by Josue Duarte • Duarte Realty Company
- Listed by Cynthia Rodriguez • Duarte Realty Company
Property Details for 5000 West 16th Street
Area
Cicero
ZoningMULTI
Location
LISTING UPDATED: 04/22/2024 03:14 PM
Property Details for 5000 West 16th Street
Status | Active |
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MLS # | 12002550 |
Days on Market | 47 |
Taxes | $32,170 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Other |
Year Built | 1924 |
Lot Size | 0.14 AC / 6,000 SF |
County | Cook County |
Location
Building Information for 5000 West 16th Street
Stories-Residences11Year Built1924Building Size-Lot Size0.14 AC / 6,000 SF
Payment Calculator
$5,955 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5000 West 16th Street
Property History for 5000 West 16th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5000 West 16th Street
Taxable ValueLand$8,938Additions$65,588Total$74,526
Tax Record2022$32,549 ($2,712 / month)
Home Facts
Stories2Lot Size5,959 SqFtStyleStoresYear Built1924CountyCOOKAPN16-21-227-020
Schools near 5000 West 16th Street
This home is within J S Morton Hsd 201 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 3 | |||
Public - | 3 to 6 | |||
Public - | 7 to 8 | |||
Public - | 10 to 12 |
Rating | School | Distance |
---|---|---|
Liberty Elementary School PublicK to 3 | ||
T Roosevelt Elementary School Public3 to 6 | ||
Unity Jr High School Public7 to 8 | ||
J Sterling Morton East High School Public10 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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