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Oak Creek 15524 Cicero Ave 13 Unit Apartment Building $2,520,000 ($193,846/Unit) Oak Forest, IL 60452
Investment Highlights
- Newer Construction (2007) Mixed-Use Property
- Spacious Floorplans, Individual HVAC and In-Unit Laundry
- Long Term Retail Tenants with 2 Leases over 5 years
- Desirable Unit Mix with Predominantly 2-Bed/2-Bath Units
- Ample Parking with 1 Garage and 1 Exterior Space per Apartment
- Easy Access to Downtown Chicago (.5 Miles to Oak Forest Metra Station)
Executive Summary
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.
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.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Sprinkler System
- Office
Site Amenities
- On-Site Retail
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 8 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 28-16-403-051-0000 | Improvements Assessment | $146,064 |
| Land Assessment | $11,239 | Total Assessment | $157,303 |
Property Taxes
Parcel Number
28-16-403-051-0000
Land Assessment
$11,239
Improvements Assessment
$146,064
Total Assessment
$157,303
(312) 724-7011
x426
Contacts
-
Patrick Kennelly -
Paul Waterloo -
Nathan Zito -
Andrew Stassi -
Interra Realty
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Oak Creek | 15524 Cicero Ave
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