5829 West 16th Street

Cicero, IL 60804

$499,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Beautiful Mixed Use property (FHA Approved - 75% Residential) with new exterior front brick in Cicero. Located on the highly visible 16th street Business Corridor adjacent to Paisans Pizza. The property is viewed by thousands of daily commuters and is aligned with various businesses. This perfect investment property consists of 4 units total, 3 residential units with good tenants and a retail storefront currently operated as a beauty salon. Come bring your vision to life with your next beautification...Beautiful Mixed Use property (FHA Approved - 75% Residential) with new exterior front brick in Cicero. Located on the highly visible 16th street Business Corridor adjacent to Paisans Pizza. The property is viewed by thousands of daily commuters and is aligned with various businesses. This perfect investment property consists of 4 units total, 3 residential units with good tenants and a retail storefront currently operated as a beauty salon. Come bring your vision to life with your next beautification business. The Salon is renovated and gives the customers that inviting feeling . This established business with good flow of customers will include the 4 salon stations, 2 Sinks, and the front desk; excluded are the appliances within the apartments. Property is well maintained and upgrades have been done on the electrical and roof. All utilities bills separate on electrical, heating and AC. Detached 2 car garage with apron door for extra space. Easy access to the expressway. Make your appointments
  1. Listed by Robert Reyes • Realty of Chicago LLC
  2. Listed by Jessica Menchaca • Realty of Chicago LLC

Property Details for 5829 West 16th Street

Area
Cicero
Township
Cicero
Zoning
OTHER
LISTING UPDATED: 10/23/2024 01:33 PM

Property Details for 5829 West 16th Street

StatusContingent
MLS #12030703
Days on Market190
Taxes$8,644 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1926
Lot Size0.09 AC / 3,912 SF
CountyCook County

Building Information for 5829 West 16th Street

Stories2Residences4Year Built1926Lot Size0.09 AC / 3,912 SF

Property Information for 5829 West 16th Street

General Information
Location and General Information
  • Geographic Locale: Southwest Suburban
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Misc Inside: Basement
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 30 X 125
  • Lot Size Square Feet: 3912.0
  • Stories: 2
  • Exterior Building Type: Brick, Block
  • Construction: Brick, Concrete, Split-face Block
  • Roof Type: Rubber, Tar and Gravel
  • Fire Protection: None
  • Roof Structure: Flat,Other
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 3642
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Possible Use: Multi-Family, Retail
  • Buyer Financing: Conventional, FHA, Cash
  • Public Document Count: 0
  • Photos Count: 23
Miscellaneous
  • Location: Central Business District,Mixed Use Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $2,400.00
  • Gross Income: $52,800.00
  • Gross Scheduled Income: $45,746.00
  • Insurance Expense: $3,454.00
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Owner Projection
  • Total Monthly Income: 4400
  • Water Expense Source: Owner Projection
  • Net Operating Income: $.00
  • Operating Expense: $7,054.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,200.00

Property History for 5829 West 16th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5829 West 16th Street

Taxable ValueLand$3,618Additions$19,595Total$23,213
Tax Record2022$8,644 ($720 / month)
Home Facts
Baths3Total Finished SqFt3,642 SqFtAbove Grade Finished SqFt3,642 SqFtStories2Lot Size3,912 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyCOOKAPN16-20-402-008

Schools near 5829 West 16th Street

This home is within J S Morton Hsd 201 School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 7 to 8
Public - 9
Public - 10 to 12
Rating
School
Distance
Daniel Burnham Elementary School
PublicK to 2

Unity Jr High School
Public7 to 8

J Sterling Morton Freshman Center
Public9

J Sterling Morton East High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty of Chicago LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/23/2024 01:33 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.