1847 S 57th

Cicero, IL 60804

Rare 4 unit apartment building on a double corner lot in Cicero for sale. Live in one and rent the others or rent all four for maximum cash flow. The massive sideyard and garage take up the entire second lot. There are three smaller units on the first floor consisting of a 1/1 with beautiful refinished hardwood floors and two 2/1's that have hardwood waiting to be refinished underneath the carpets. Very high ceilings make these apartments seem even bigger than they are. The second floor, which was occupied by the owner's for 44 years, is a very large 2/1 with large closets and a dining room. There is opportunity to finish the back porch for additional room or rebuild and expand the porch and create even more living space. The upstairs apartment's woodwork was painstakingly stripped of decades old paint and refinished to show off the beauty of the antique oak. Hardwood floors are hidden under the carpeting in every room. This unit also has 9 foot+ ceilings. A massive basement with flood control system houses the mechanicals including a large boiler to provide heat to the steam radiators throughout the building and multiple hot water heaters. The building has 5 electric meters and 5 gas meters. Tenants pay electric and cooking gas. Owner pays heating gas and water. The oversized garage is split down the middle with two separate doors. Great for added rental income. Even more paid parking opportunity with a rear and side driveway. A brick storage shed sits at the back of the apartments and can be used as storage or converted to a laundry room for tenant use. Estimated gross rental income for this property including parking is estimated at $5,250 per month or over $63,000 per year and a NOI of over $35,000.This home is being sold As-Is.