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33748107

5400 W 23rd Street, Cicero, IL 60804

Berkshire Hathaway HomeServices Chicago
Listed by Berkshire Hathaway HomeServices Chicago
$949,000
13 days on market
Updated 7 days ago

5400 W 23rd Street

Details
APN 16281050400000
Property Type Multifamily
Sub Type Apartment Building
NOI $74,155
Year Built 1913
Acreage 0.090
Zoning MULTI

Multifamily

Marketing description

Turnkey, condo-quality 4-unit investment property! This extensively gut-rehabbed building features high-end finishes throughout and offers an excellent unit mix consisting of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit. All units are currently leased, providing immediate cash flow with a strong cap rate. Each apartment includes in-unit washer and dryer, separate HVAC systems, and individual water heaters, helping reduce owner expenses and simplify maintenance. The property has been renovated with modern kitchens, updated bathrooms, newer mechanicals, and quality finishes throughout. Conveniently located near schools, parks, shopping, dining, public transportation, and major expressways, this property offers strong tenant appeal and excellent accessibility. The desirable location supports stable occupancy and long-term rental demand. A rare opportunity to acquire a fully stabilized, turnkey asset with strong in-place income and minimal capital expenditure needs. Perfect for investors seeking immediate cash flow and long-term appreciation potential.
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Listing Contacts

Berkshire Hathaway HomeServices Chicago
Listed by Berkshire Hathaway HomeServices Chicago

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$74,155.00
$6,179.58/mo

Valuation Metrics

0
DSCR
7.81%
Cap Rate
7.81%
ROI

Map

Zoning

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N-1 ResidentialSingle FamilyTraditional Neighborhood
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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