2957 N Cicero AVE, Chicago, IL 60641
2957 N Cicero AVE, Chicago, IL 60641
2957 N Cicero AVE, Chicago, IL 60641
2957 N Cicero AVE, Chicago, IL 60641
2957 N Cicero AVE, Chicago, IL 60641
2957 N Cicero AVE, Chicago, IL 60641
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Legacy Property Management

Legacy Property Management

+1(224) 999-9200
$ 1,250,000
Est. payment | /mo

8,200 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

8,200 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 8,200 sqft

Price per Sqft $152

MLS Listing ID 12724119

Maintenance Fees $2,200

Year Built 1927

Annual Tax Amount $25,857

Tax Year 2025

Lot Dimensions 50x122

Property Sub-Type Multi Family 5+

Property 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 $1,485,000. 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.

Location

State IL

County Cook

Area Chi - Belmont Cragin

Zoning COMMR

Rooms

Basement Unfinished, Concrete, Storage Space

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Utilities Available Water Available

Roof Type Rubber

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by James Thompson of  Triton Realty Group LLC 

Nearby Locations

Legacy Property Management

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

+1(224) 999-9200

propertymanagement@legacypropertiesil.com

1350 Remington Rd, Suite B, Schaumburg IL, Other

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2957 N Cicero AVE