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$2,100,000 Just Listed

For Sale
Active
Commercial
15,547 Sq. Ft.
Updated 3 days ago

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Property Description

This 18-unit mixed-use building offers a prime location in a high-demand area, ideal for investors seeking stable cash flow and long-term appreciation. Spanning approximately 15,547 square feet, the three-story masonry-constructed property features two street-facing commercial storefronts and 16 residential units, including six studios, six one-bedroom, and four two-bedroom apartments. With fourteen of the sixteen residential units already remodeled, minimal capital expenditure is required, providing immediate value to the next owner. The property boasts high occupancy rates, long-term retail tenants, and separate utilities for each unit, ensuring operational efficiency. Additionally, the sale includes an adjacent empty lot, offering

Full Property Details

Full Property Details for 5701 W Roosevelt Rd

General

Price: $2,100,000
HOA FEE: $99,999
Taxes: $37,525 (2023)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12319200
Updated: 3/28/2025
Added to Site: 4 day(s) ago
Viewed: 2 times

Location

Area: Cicero
County: Cook
Township: Cicero
Driving Directions: Cicero north or south to W Roosevelt road, west to 5701 w. Roosevelt Road.
Location Details: Central Business District, Corner, Mixed-Use Area, Out Lot of Shopping Center

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Central Heat/Individual Controls, Hot Water

Utilities

Trash: 99999
Onsite: Water to Site

Structural Information

Construction: Brick
Exterior Const.: Brick
Foundation: Concrete Perimeter
Roof: Rubber
Stories/Levels: 3
Square Feet: 15,547
Current Bldg. Use: Multi-Family
Year Built: 1928
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 16

Lot Features

Lot Size (Sq. Ft.): 10,546
Lot Dimensions: 125 x 60
Frontage: City Street
Potential Use: Commercial, Multi-Family, Retail
Zoning: MULTI

Financial Considerations

Maint. Fee: $99,999
Insurance Fee: $99,999
Other Fee: $999,999
Assessment Year: 1928
Tax Amount: $37,525
Tax Year: 2023
Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
Pays Electric: 99999
Pays Trash: 99999

Disclosures and Reports

Property ID: 16202050070000

Buyer's Brokerage Compensation: Contact Listing Agent

Not binding unless confirmed by separate agreement among applicable parties.

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Meet the listing agent

— 5701 W Roosevelt Rd —

Paul Proano

Email Me

(312) 860-4043 mobile

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Schools

Schools serving 5701 W Roosevelt Rd

School Districts:Cicero School District 99, J S Morton High School District 201

Name	Grades	Distance
McKinley Elementary School, Cicero, IL 5900 W 14th St, Cicero, IL 60804	K-3	0.3 mi
Daniel Burnham Elementary School 1630 S 59th Ave, Cicero, IL 60804	K-6	0.6 mi
Unity Junior High School 2115 S 54th Ave, Cicero, IL 60804	7-8	1.1 mi
J Sterling Morton Freshman Center 1801 S 55th Ave, Cicero, IL 60804	9-9	0.7 mi
Morton East High School 2423 S Austin Blvd, Cicero, IL 60804	9-12	1.3 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5701 W Roosevelt Rd Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/27/2025

Listed

$2,100,000

90.91%

MLS

11/30/2022

Sold

$1,100,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 5701 W Roosevelt Rd

Year

Property Taxes

Change

Tax Assessment

Change

2023

$37,525

15%

$110,919

48%

2022

$32,722

$74,923

—

2021

$32,342

$74,923

—

2020

$31,444

-11%

$74,923

2019

$35,457

$72,676

—

2018

$34,549

$72,676

—

2017

$33,256

$72,676

12%

2016

$31,150

$64,912

—

2015

$30,781

$64,912

—

2014

$29,665

21%

$64,912

10%

2013

$24,447

18%

$59,163

12%

2012

$20,786

—

$52,775

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 5701 W Roosevelt Rd

5701 W Roosevelt Road, Cicero, IL 60804 (MLS# 12319200) is a Commercial property. 5701 W Roosevelt Road is currently listed for $2,100,000 and was received on March 27, 2025. This property is listed by Paul Proano from our McMullen/O'Hare Office.Want to learn more about 5701 W Roosevelt Road? Do you have questions about finding other Commercial real estate for sale in Cicero? You can browse all Cicero real estate or contact a Coldwell Banker agent to request more information.

Tour this property

5701 W Roosevelt Rd Cicero, IL 60804