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$519,000
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Property Description
Exceptional Brick 4-Unit Multifamily Building - Income Opportunity with Endless Potential! Welcome to this massive, fully occupied brick 4-unit building-a rare opportunity for savvy investors or future owner-occupants looking to build wealth through real estate! Each of the four spacious units features two comfortable bedrooms, generous closet space, and a large, light-filled living room perfect for relaxing or entertaining. The building also includes a full huge basement, currently used for storage and laundry, offering additional space and flexibility. Whether you're seeking a passive income stream or envision living in one unit while renting out the others. The units are easy to rent, thanks to their layout and location, the building " is being sold strictly as-is," giving you the chance to add your personal touch or upgrades over time. Tuck pointing done in 2025. Offers a Two-car garage on-site. Prime location:walking distance to public transit, shopping, and dining. Quick access to major highways, making commuting a breeze. This is more than just a building-it's a chance to invest in your future, generate consistent rental income, and own a piece of real estate with incredible potential. Don't miss out-schedule your showing today and discover the possibilities!
Full Property Details
Full Property Details for 5501 W 24th St
General
- Sold For: $519,000
- Taxes: $9,145 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12445582
- Added to Site: 186 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: Cicero
- County: Cook
- Driving Directions: Central Ave. east to property Address.
School Information
- School District: 99
- Midd School District: 99
Heating & Cooling
- Heating Type: Natural Gas, Baseboard, Radiant
Utilities
- Water: Lake Michigan, Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Partially Finished, Exterior Entry, Other, Full
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Rubber
- Year Built: 1926
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 30 x 125
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1926
- Tax Amount: $9,145
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16281160250000
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Schools
Schools serving 5501 W 24th St
School Districts:Cicero School District 99, J. Sterling Morton High School District 201
| Name | Grades | Distance |
|---|---|---|
Sherlock Elementary School 5347 West 22nd Place, Cicero, IL 60804 | PK-6 | 0.2 mi |
Unity Jr High School, Cicero, IL 2115 South 54th Avenue, Cicero, IL 60804 | 7-8 | 0.5 mi |
J Sterling Morton Freshman Center 1801 South 55th Avenue, Cicero, IL 60804 | 9- | 0.7 mi |
J Sterling Morton East High School 2423 South Austin Boulevard, Cicero, IL 60804 | 10-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5501 W 24th St
Date
Details
Price
Change
Source
12/22/2025
Sold
$519,000
-9.74%
MLS
10/30/2025
Price Reduced
$575,000
-4.01%
MLS
9/05/2025
Price Reduced
$599,000
-2.6%
MLS
8/15/2025
Listed
$615,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5501 W 24th Street, Cicero, IL 60804 (MLS# 12445582) is a Multi-Family property that was sold at $519,000 on December 22, 2025. This property was listed by Silvia Fonseca from our Naperville Office.Want to learn more about 5501 W 24th Street? Do you have questions about finding other Multi-Family real estate for sale in Cicero? You can browse all Cicero real estate or contact a Coldwell Banker agent to request more information.



