Contact us: 563.441.1776
Description
Value-add 11-unit 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, on the ground floor there are two (2) 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, including the renovation budget. 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.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Cook
Listed By:
Triton Realty Group LLC
312-788-9379
MRED MLS
MLS ID: 12779940
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2957 N Cicero Avenue, Chicago, IL 60641.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $995,000 | $995,000 | $995,000 |
| Down Payment | $199,000 | $34,825 | $248,750 |
| Monthly Mortgage Amount | $5,498 | $6,665 | $6,604 |
| Taxes | $1385 | $1385 | $1385 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $597 | $0 |
| Monthly Estimated Total | $7,173 | $8,937 | $8,279 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/15/2026. The listing information on this page last changed on 10/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 10/15/2026 12:00:46 AM EST) or MRED MLS (last updated Wed 10/14/2026 11:55:14 PM EST) or SCWMLS (last updated Wed 10/14/2026 11:55:22 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 10/14/2026 10:15:43 PM EST) or Cedar Rapids MLS (last updated Wed 10/14/2026 10:45:46 PM EST) or NEIRBR MLS (last updated Wed 10/14/2026 11:58:43 PM EST) or ICAAR MLS (last updated Wed 10/14/2026 11:37:41 PM EST) or ECIMLS (last updated Wed 10/14/2026 11:44:35 PM EST) or RMLSA (last updated Wed 10/14/2026 11:50:59 PM EST) or Muscatine MLS (last updated Wed 10/14/2026 11:45:11 PM EST) or No Coast MLS (last updated Wed 10/14/2026 11:54:23 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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