5400 W 23rd Street
Cicero, IL, 60804
$899,000
8 Beds
5 Baths
0 SqFt
0.09 Acres
Add
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:
$899,000
MLS #:
MRD12682695
Status:
Active
Beds:
8
Baths:
5
Type:
Multi Family
Neighborhood:
cicero
Listed Date:
Jun 18, 2026
Year Built:
1913
CiceroCicero

Ask a Question

See this Listing

Send
  

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 Oct 07, 2026
50
Multi Family Listed
52
Avg DOM
$454,706
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 $899,000

Similar Listings Nearby

broker reciprocity
MLS# MRD12646372broker reciprocity
214 Chicago Avenue
Oak Park, IL

$1,150,000

3.3 miles away

broker reciprocity
MLS# MRD12763871broker reciprocity
2521 W Flournoy Street
Chicago, IL

$1,149,000

3.9 miles away

broker reciprocity
MLS# MRD12726266broker reciprocity
534 S East Avenue
Oak Park, IL

$1,100,000

2.5 miles away

broker reciprocity
MLS# MRD12733311broker reciprocity
625 N Oak Park Avenue
Oak Park, IL

$1,100,000

3.8 miles away

broker reciprocity
MLS# MRD12751936broker reciprocity
1346 N Kedzie Avenue
Chicago, IL

$1,074,000

4.7 miles away

broker reciprocity
MLS# MRD12756776broker reciprocity
2333 W Ohio Street
Chicago, IL

$1,055,000

4.8 miles away

broker reciprocity
MLS# MRD12771268broker reciprocity
1052 N Central Park Avenue
Chicago, IL

$999,999

4.2 miles away

broker reciprocity
MLS# MRD12737612broker reciprocity
2301 S Laramie Avenue
Cicero, IL

$999,000

0.3 miles away

broker reciprocity
MLS# MRD12688918broker reciprocity
2849 W Monroe Street
Chicago, IL

$989,900

3.8 miles away

broker reciprocity
MLS# MRD12742505broker reciprocity
1527 W 18th Place
Chicago, IL

$985,000

4.9 miles away

5400 W 23rd Street
Cicero, IL