Address
5400 W 23rd Street, Cicero, IL
Price
$ 899,000
Property Attributes
- MLS#12682695
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityCicero
- AreaCicero
- Zip60804
- Style
- Year Built1913
- Taxes$ 13348
- Price$ 899,000
- Bedrooms8
- Full Bathrooms5
- Half Bathrooms0
- Lot Size0.09 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property 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.
| Price History | |
|---|---|
| 6/19/2026 | Listed $949,000 |
| 8/16/2026 | 6$899,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Possession | Closing,Immediate |
| Roof | Asphalt |
| Zoning | MULTI |
| Garage Spaces | 2 |
| Construction Materials | Brick |
| Year Built | 1913 |
| Township | Cicero |
| Tax Year | 2024 |
| Ownership | Fee Simple |
| Gross Income | 94800 |
| Community Features | Gated,Sidewalks,Street Lights,Street Paved |
| County | Cook |
| Net Operating Income | 74155 |
| New Construction | No |
| Property Type | Residential Income |
| Other Structures | Garage(s) |
| Total Rooms | 12 |
| Status | Active |
| Directions | Laramie to Cermak west to 54th AVE south to 23rd Street to property. |
| City | Cicero |
| High School District | 201 |
| MLS Area | Cicero |
| Tax Annual Amount | 13348 |
| Standard Status | Active |
| Middle/Junior School District | 201 |
| Elementary School District | 201 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Unfinished,Partial |
|---|---|
| Total Bedrooms | 8 |
| Total Baths | 5 |
| Bedrooms Possible | 8 |
| Full Baths Building | 5 |
| Total Number of Units | 4 |
Exterior Features
| Parking Features | Yes,Garage Owned,Detached,Garage |
|---|---|
| Lot Features | Corner Lot |
| Water Source | Lake Michigan,Public |
| Total Parking | 3 |
| Foundation Details | Brick/Mortar,Concrete Perimeter |
| Lot Dimensions | 30X135 |
| Lot Size Acres | 0.09 |
| Waterfront Y/N | No |
| Other Equipment | Multiple Water Heaters |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60804
Price
Taxes
Year Built
Visits
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 28, 2026 1:04 PM UTC
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Chicago may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 28, 2026 1:09 PM UTC 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.
Data is updated as of September 28, 2026 1:09 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
