$250,000 SALE
Multi-Family
3,282 SF
611 N Cicero Avenue
Chicago, IL 60644



Seize a Prime Investment in Austin's Booming Neighborhood! This mixed-use commercial property is a lucrative opportunity for rental income and long-term capital growth. Featuring 4 fully occupied units, including a storefront (currently a thriving grocery store and restaurant), two modern 1-bedroom apartments, and a roomy 2-bedroom unit. Tenants cover their own gas and electric, ensuring low operating costs. The property offers gated parking for 4 vehicles, low taxes, and is strategically located near the I-290 expressway and just blocks from a train station. Recently upgraded in 2023 with a new roof, floors, AC, paint, plumbing, fixtures, and appliances, this is a turnkey investment you don't want to miss!


Property Type Multi-Family
Property Use Rental or Investment
Year Built 1898
Level Number 2
Average Floor Size 1,641
Zoning COMMR
Tax Year 2022
Cap Rate Percentage 19.2
Average Daily Rate 100
Listing ID 3J3P45
MLS ID 12116674
Style Multi Family - 2-4 Units
Building Size 3,282 SF
Lot Size 3175 SF
Taxes $1,459
Property Features
Parking Places: 4
Cooling: Central A/C
Financials
Gross Income: $48,000
Expenses: $19,200