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5000 W 16th Street, Cicero, IL 60804
$599,900
5000 W 16th Street, Cicero, IL 60804View this property at 5000 W 16th Street, Cicero, IL 60804
5000 W 16th StreetCiceroIL60804
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Property 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 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.
Full Property Details
Full Property Details for 5000 W 16th St
General
- Price: $599,900
- Taxes: $32,170 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 12002550
- Updated: 3/18/2024
- Added to Site: 46 day(s) ago
Interior
- Interior Features: Storage Inside, Other
Additional Information
- Security/Safety: Alarm Monitored
Location
- Area: Cicero
- County: Cook
- Driving Directions: North on 50th Ave. West on 16th Street.
- Location Details: Central Business District, High Traffic Area
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Radiators
Utilities
- Trash: 4255
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Block, Brick/Mortar, Concrete Perimeter
- Stories/Levels: 2
- Square Feet: 10,000
- Current Bldg. Use: Other
- Year Built: 1924
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
Lot Features
- Lot Size (Sq. Ft.): 6,000
- Lot Dimensions: 100 x 60
- Frontage: City Street
- Potential Use: Commercial, Condominium, Office and Research, Multi-Family, Retail, Special Use, Other
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $5,367
- Operating Expenses: $56,284
- Security Deposit: Alarm Monitored
- Assessment Year: 1924
- Tax Amount: $32,170.4
- Tax Year: 2021
- Tenant Pays: Electricity
- Pays Electric: 1469
- Pays Trash: 4255
Disclosures and Reports
- Property ID: 16212270200000
Listed by Duarte Realty Company
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Schools
Schools serving 5000 W 16th St
School Districts:Cicero School District 99, J S Morton High School District 201
Rating | Name | Grades | Distance |
---|---|---|---|
1500 S 50th Ave, Cicero, IL 60804 | 3-6 | 0.1 mi | |
4946 W 13th St, Cicero, IL 60804 | PK-3 | 0.4 mi | |
2115 S 54th Ave, Cicero, IL 60804 | 7-8 | 0.5 mi | |
1801 S 55th Ave, Cicero, IL 60804 | 9-9 | 0.5 mi | |
2423 S Austin Blvd, Cicero, IL 60804 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5000 W 16th St
Date
Details
Price
Change
Source
3/12/2024
Listed
$599,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5000 W 16th St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$32,549
1%
$74,526
—
2021
$32,170
3%
$74,526
—
2020
$31,278
63%
$74,526
89%
2019
$19,225
3%
$39,405
—
2018
$18,732
4%
$39,405
—
2017
$18,031
—
$39,405
5%
2016
$17,947
1%
$37,399
—
2015
$17,734
4%
$37,399
—
2014
$17,091
-2%
$37,399
-12%
2013
$17,472
30%
$42,284
24%
2012
$13,407
—
$34,040
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5000 W 16th St
5000 W 16th Street, Cicero, IL 60804 (MLS# 12002550) is a Commercial property. 5000 W 16th Street is currently listed for $599,900 and was received on March 12, 2024. Want to learn more about 5000 W 16th Street? Do you have questions about finding other Commercial real estate for sale in Cicero? You can browse all Cicero real estate or contact a Coldwell Banker agent to request more information.