2957 N Cicero Avenue

Chicago, IL60641

Value-add 11-unit mixed-use corner building in Belmont Cragin. Built in 1927, this 8,200 SF masonry brick asset features nine (9) upper-level apartments - four (4) studios, one (1) one-bedroom and four (4) two-bedrooms - over two (2) ground-floor storefronts totaling 3,000 SF, both currently vacant. Corner position on a high-traffic, high-visibility stretch of Cicero Ave at Wellington. In-place residential income today with significant value-add opportunity through cosmetic unit renovation and build-out/lease-up of the retail space. Estimated renovation budget of $235,000 to achieve the pro forma rents reflected ($15k/ Apartment Unit, $100k budget to vanilla box the two commercial units). CAP/GRM are based on the pro forma estimates that reflect an all-in cost of $1,580,000. Units are separately metered. Offering memorandum includes the current rent roll. Pro forma projections are estimates and are not guaranteed. CTA bus service on Cicero Ave with I-90/94 access to downtown and O'Hare.

Listing Courtesy of MRED as distributed by MLS Grid of Triton Realty Group LLC



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Last checked: 2026-08-03 12:54 PM UTC
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