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Listing provided courtesy of Berkshire Hathaway HomeServices ChicagoMREDas Distributed by MLSGrid- MLS# 12682695MLS Provider

5400 W 23rd StreetCicero, IL 60804

Multi-Family · 8 Beds · 0.09 Acres
$949,000 Active

5400 W 23rd Street Overview

Time on Site:
11 days
Visits:
0

Turnkey, condo-quality 4-unit investment property! This extensively gut-rehabbed building features high-end finishes throughout and offers an excellent unit mix consisting of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit. All units are currently leased, providing immediate cash flow with a strong cap rate. Each apartment includes in-unit washer and dryer, separate HVAC systems, and individual water heaters, helping reduce owner expenses and simplify maintenance. The property has been renovated with modern kitchens, updated bathrooms, newer mechanicals, and quality finishes throughout. Conveniently located near schools, parks, shopping, dining, public transportation, and major expressways, this property offers strong tenant appeal and excellent accessibility. The desirable location supports stable occupancy and long-term rental demand. A rare opportunity to acquire a fully stabilized, turnkey asset with strong in-place income and minimal capital expenditure needs. Perfect for investors seeking immediate cash flow and long-term appreciation potential.

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5400 W 23rd Street Facts & Features

  • Type Multi-Family
  • Lot 0.09 Acres

Details

General

School Information

  • School District: 201

Income/Expenses

  • Gross Income: 94800
  • Net Operating Income: 74155

Building Information

  • New Construction: No
  • Year Built: 1913

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Cicero
  • Township: Cicero

Community/Development

  • Community Features: Gated, Sidewalks, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $13,348.00
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 16281050400000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 5
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 5

General Information

  • Basement: Unfinished, Partial
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Heating: Natural Gas
  • Other Equipment: Multiple Water Heaters
  • Rooms Total: 12

Exterior

Parking Information

  • Parking Features: Yes, Garage Owned, Detached, Garage
  • Parking Total: 3

Lot Information

  • Lot Features: Corner Lot
  • Lot Size Dimensions: 30X135
  • Water Source: Lake Michigan, Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Asphalt

General Information

  • Other Structures: Garage(s)
  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1900
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1700
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 2200
  • Beds Total: 3
  • Baths Total: 2

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 2100
  • Beds Total: 2
  • Baths Total: 1

5400 W 23rd Street Neighborhood

Community

60804 (Cicero) Demographics

32
Median Age
10,436
Population Density (per sq. mile)
15%
College Educated
$53,750
Estimated Median Income
11,773
Estimated Total Home Owners
10,935
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5400 W 23rd Street Monthly Cost

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Jody Gerut
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5400 W 23rd Street Market Data

Based on the last 30 days in this zip code

$288,473
Average List Price
$215
Average Price per Square Foot
9
Properties Sold
66
Average Days on Market
68
Properties for Sale
Calculations provided by Reliance Network

5400 W 23rd Street History

Date Event Value Agent
6/24/2026Source: MRED Status Change
Active
Yanfei Martin
Listing Agent
6/19/2026Source: MRED Added to Database
June 19, 2026
Yanfei Martin
Listing Agent
6/16/2025Source: MRED Status Change
Closed
2/21/2025Source: MRED Status Change
Contingent
2/1/2025Source: MRED Status Change
Active
1/27/2025Source: MRED Status Change
Re-activated
11/5/2024Source: MRED Status Change
Pending
11/3/2024Source: MRED Status Change
Active
10/29/2024Source: MRED Price Reduction
$295,000 -14.5%
10/29/2024Source: MRED Status Change
Price Change
8/24/2024Source: MRED Status Change
Active
8/19/2024Source: MRED Added to Database
August 19, 2024
6/20/2022Source: MRED Added to Database
January 27, 2022