5400 W 23rd Street
Cicero, IL, 60804
$949,000
8 Beds
5 Baths
0 SqFt
0.09 Acres
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MLS #MRD12682695 image #0
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.

Property Details

Price:
$949,000
MLS #:
MRD12682695
Status:
Active
Beds:
8
Baths:
5
Type:
Multi Family
Neighborhood:
cicero
Listed Date:
Jun 19, 2026
Year Built:
1913
CiceroCicero

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Schools

School District:
201

Interior

Heating
Natural Gas

Exterior

Community Features
Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Garage Spaces
2
Lot Features
Corner Lot
Other Structures
Garage(s)
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
3
Parking Total
3
Roof
Asphalt

Financial

Net Operating Income
$74,155
Tax Year
2024
Taxes
$13,348

Map

Community

Market Summary

Current real estate data for Multi Family in Cicero as of Jun 21, 2026
48
Multi Family Listed
71
Avg DOM
$462,575
Avg List Price

Property Summary

    5400 W 23rd Street Cicero IL is a Multi Family for sale in Cicero, IL, 60804. It is listed for $949,000

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5400 W 23rd Street
Cicero, IL