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1446 S 50th Ave - Cicero Church 3,956 SF Specialty Building Offered at $525,000 in Cicero, IL 60804
INVESTMENT HIGHLIGHTS
- Heavy traffic
- Next to a school
EXECUTIVE SUMMARY
Check out this beautifully updated mixed-use building that offers a rare opportunity for both commercial and residential use. The first floor and basement are currently home to a spacious church, while the upper level features a fully renovated 4-bedroom, 2-bathroom apartment, perfect for comfortable living. The expansive main floor of the church provides a versatile space ideal for a place of worship, community events, or gatherings. The walk-out basement includes additional community space, as well as two additional bathrooms and is finished with modern touches, including canned lighting throughout. The upper residential unit offers a large 4-bedroom, 2-full bathroom apartment with spacious rooms and plenty of natural light. The unit also conveniently has its own washer/dryer. The building has been updated with new electric service, including 200 amp service on the main floor and 125 amp service upstairs, as well as updated copper plumbing throughout. Additionally, the building has all new drain line plumbing, along with the underground plumbing and drain tile, ensuring modern and efficient drainage systems. The property also boasts significant modern upgrades, including a new roof, three high-efficiency furnaces, and A/C units to ensure comfort in all seasons. A tankless hot water heater provides on-demand hot water, while new thermal panel windows and doors enhance energy efficiency and security. For outdoor enjoyment, the residential unit has direct access to a private rooftop deck, offering a serene space for relaxation or entertaining. This mixed-use building is perfect for those seeking a combination of residential and commercial space with modern updates, providing ample potential for a variety of uses. Whether you're looking for a home with space for your business or a property with additional rental opportunities, this property delivers the perfect blend of convenience, style, and functionality. Don't miss your chance to own this exceptional building!
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$24,000
|
$6.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$24,000
|
$6.07
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $6.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $6.07 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $22,431 (2024) | |
| Land Assessment | $6,742 (2024) | Total Assessment | $29,173 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,742 (2024)
Improvements Assessment
$22,431 (2024)
Total Assessment
$29,173 (2024)
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1446 S 50th Ave - Cicero Church
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