15524 Cicero Ave - Apartments FOR SALE


Oak Forest, IL 60452
$2,520,000 USD
312-724-7011
15524 Cicero Ave, Oak Forest, IL for Sale
$2,520,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

15524 Cicero Ave
Oak Forest, IL 60452


HIGHLIGHTS

  • Newer Construction (2007) Mixed-Use Property
  • Desirable Unit Mix with Predominantly 2-Bed/2-Bath Units
  • Spacious Floorplans, Individual HVAC and In-Unit Laundry
  • Ample Parking with 1 Garage and 1 Exterior Space per Apartment
  • Long Term Retail Tenants with 2 Leases over 5 years
  • Easy Access to Downtown Chicago (.5 Miles to Oak Forest Metra Station)

OVERVIEW

Interra Realty has been exclusively engaged to market for sale the mixed-use property located 15524 S Cicero Ave in Oak Forest, IL. The property consists of three (3) retail and ten (10) multifamily units. The retail spaces are rented by a salon, barbershop, and an eyebrow threading studio. The multifamily units are made up of two (2) 1-bed and eight (8) 2-bed units. The property also has ten (10) total garages and one (1) exterior space per unit. The property is well-located in Oak Forest. Residents have access to dining and retail options along Cicero Ave. The Oak Forest Metra Station is only .5 miles away, providing transportation to Downtown Chicago. The PACE bus also picks up along Cicero Ave, giving easy access to the CTA Midway Station and other surrounding suburbs. Residents can also enjoy easy access to the nearby Midlothian Meadows, a local woodland preserve with plenty of outdoor recreation and picnic areas.

FOR SALE DETAILS

PRICE

$2,520,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

13

PRICE/UNIT

$193,846

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Creek

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2007

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

C-3

APN/PARCEL ID

28-16-403-051-0000

ASK ABOUT THIS PROPERTY

Patrick KennellyInterra RealtyMore Info
312-724-7011

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Patrick KennellyInterra RealtyMore Info
312-724-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.