5701 Roosevelt Rd, Cicero, IL
Multi-family for Sale - $2,040,000 - 10546 acres
Agent Info
Paul Proano Coldwell Banker Realty |
Property Info
CIMLS# | 1173874 |
Location 5701 Roosevelt Rd Cicero IL 60804 | |
Updated | September 8th, 2025 |
Type | Multi-family |
Price | $2,040,000 |
Land | 10546 acres |
Property Description
The Proano Commercial Group is pleased to present a compelling investment opportunity at 5701 W. Roosevelt Road in Cicero, Illinois. This turnkey 18-unit mixed-use property features two commercial storefronts and sixteen residential apartments, including a mix of studios, one-bedroom, and two-bedroom units. The building is 90% renovated, enjoys high occupancy, and is efficiently operated with separate utilities and individual furnaces. Situated just one mile from I-290 and approximately nine miles from downtown Chicago, the asset sits on a prime corner lot and includes an adjacent vacant parcel, offering a unique opportunity for future development or additional income streams.
What sets this offering apart is the newly available seller financing, structured to provide buyers with maximum flexibility and immediate financial benefit. Under the current terms, a qualified buyer can acquire the property with just a 20% down payment and secure financing at 5.75% interest-only for 24 months, with no prepayment penalty. This structure offers a projected 12.72% cash-on-cash return during the interest-only period, giving investors the advantage of enhanced monthly cash flow and reduced upfront capital requirements. The absence of a prepayment penalty adds further strategic flexibility, allowing the buyer to refinance, reposition, or exit at any time without financial constraints.