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5100 W 14th Street, Cicero, IL 60804
$594,500
5100 W 14th Street, Cicero, IL 60804View this property at 5100 W 14th Street, Cicero, IL 60804
5100 W 14th StreetCiceroIL60804
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Property Description
Owner Financing Available. Beautiful mixed-use 4 unit building located in Cicero, IL, a nearby suburb of Chicago a world class city. Two adjacent buildings on one pin. This unique offering allows an investor to acquire a 100% fully occupied building at an in-place 7.46% cap rate. Value add opportunity exists on the residential rent increase. The subject property is located just one block away from the newly developed 320,000 SF industrial corridor. Bridge Development joins dozens of national companies that have decided to relocate or to expand in the Town of Cicero, strengthening the tax base for residents & the community. The 18.5-acre site is located at 1531 S. 54th Ave., less than one mile from I-290. The site was formerly home to a General Electric manufacturing facility. The property will feature 36-foot clear heights, 50 docks, 77 trailer positions, parking for 273 cars. Subject Property: The 2 residential apartments (Each approx. 825 SF) feature recently remodeled 2 bedroom / 1 bathroom units, hardwood flooring, granite countertops, gas forced heating & cooling. The first commercial unit (warehouse), approximately 2,400 SF, features recent improvements such as new plumbing, 200 amp electrical, bathroom improvements, floor epoxy, kitchen cabinets, granite countertops, AC, climate control and state of the art sound, cameras and security. Tenant lease expires Dec. 2022 w/ 3% annual rent increases. The second commercial unit (salon), approximately 1,700 SF, features gas forced heating & cooling, hardwood floors, two bathrooms and basement storage. Tenant lease expires Sept. 2024 w/ 3% annual rent increase. BITCOIN/CRYPTO ACCEPTED.
Full Property Details
Full Property Details for 5100 W 14th St
General
- Price: $594,500
- Taxes: $15,899 (2020)
- Status: Active
- Type: Commercial
- MLS ID: 11364278
- Updated: 5/25/2022
- Added: 87 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Parking
- Total Spaces: 2
- Parking Features: 1 to 5 Spaces, Paved, Secured
Location
- Area: Cicero
- County: Cook
- Township: Cicero
- Driving Directions: Laramie South to 14th street East to 5100 West. 14th street corner building.
- Location Details: Chicago Southwest, Central Business District, Corner, Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Foundation: Concrete Perimeter
- Roof: Rubber
- Stories/Levels: 2
- Square Feet: 6,000
- Current Bldg. Use: Commercial
- # of Stores: 2
- Year Built: 1915
- Built Before 1978: Yes
Unit Information
- # Tenants: 4
Lot Features
- Lot Size (Sq. Ft.): 5,702
- Lot Dimensions: 53 x 100
- Frontage: City Street, Public Road
- Potential Use: Commercial, Multi-Family, Retail
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $3,300
- Operating Expenses: $22,885
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1915
- Tax Amount: $15,899
- Tax Year: 2020
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 16212090460000
Listed by Equity Realty
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Schools
Schools serving 5100 W 14th St
School Districts:Cicero School District 99, J S Morton High School District 201
Rating | Name | Grades | Distance |
---|---|---|---|
4946 W 13th St, Cicero, IL 60804 | PK-3 | 0.2 mi | |
1500 S 50th Ave, Cicero, IL 60804 | 3-6 | 0.2 mi | |
2115 S 54th Ave, Cicero, IL 60804 | 7-8 | 0.7 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 5100 W 14th St
Date
Details
Price
Change
Source
5/19/2022
Price Reduced
$594,500
-0.59%
MLS
4/08/2022
Price Reduced
$598,000
-8%
MLS
4/02/2022
Listed
$650,000
465.22%
MLS
10/28/2015
Sold
$115,000
—
Public Record
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 5100 W 14th St
Year
Property Taxes
Change
Tax Assessment
Change
2020
$15,900
-11%
$40,987
2%
2019
$17,837
3%
$39,990
—
2018
$17,377
72%
$39,990
57%
2017
$10,116
1%
$25,482
9%
2016
$9,986
-50%
$23,307
-48%
2015
$20,164
-32%
$45,146
-33%
2014
$29,600
97%
$67,339
72%
2013
$15,049
5%
$39,048
—
2012
$14,396
—
$39,048
—
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 5100 W 14th St
5100 W 14th Street, Cicero, IL 60804 (MLS# 11364278) is a Commercial property. 5100 W 14th Street is currently listed for $594,500 and was received on April 02, 2022. Want to learn more about 5100 W 14th 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.