Price Improved | 8% Cap Rate | Rental Upside 5701 W Roosevelt Rd 18 Unit Apartment Building $2,581,120 CAD ($143,396 CAD/Unit) 8.09% Cap Rate Cicero, IL 60804

The Proano Commercial Group is pleased to present a compelling investment opportunity at 5701 W. Roosevelt Road in Cicero, Illinois. This turnkey 18-unit mixed-use property features two commercial storefronts and sixteen residential apartments, including a mix of studios, one-bedroom, and two-bedroom units. The building is 90% renovated, enjoys high occupancy, and is efficiently operated with separate utilities and individual furnaces. Situated just one mile from I-290 and approximately nine miles from downtown Chicago, the asset sits on a prime corner lot and includes an adjacent vacant parcel, offering a unique opportunity for future development or additional income streams.
Located just one mile from I-290 and approximately 9 miles southwest of downtown Chicago, this prime corner site sits at the intersection of Roosevelt Road and 57th Avenue in Cicero. The property fronts Roosevelt Road, a major two-lane east/west thoroughfare, with a public alley to the south. The immediate area features a diverse mix of commercial and mixed-use buildings, apartment complexes, and single-family homes—particularly along 57th Avenue. Cicero itself is a predominantly residential suburb with commercial corridors and scattered industrial areas, bordered by North and South Lawndale to the east, Oak Park and Austin to the north, Berwyn to the west, and Stickney to the south. This is a rare opportunity to acquire a stabilized asset in a vibrant, well-connected urban-suburban setting with strong surrounding infrastructure.
Highlights:
Prime Location – Corner site at Roosevelt Rd. & 57th Ave., 1 mile to I-290, 9 miles to downtown.
Strong Market – Surrounded by residential, commercial, and mixed-use properties.
Mixed-Use – 18 units: 2 retail + 16 residential (6 studios, 6 one-beds, 4 two-beds).
Solid Build – 3-story masonry, 15,547 sq. ft.
Updated Units – 90% of residential units renovated.
Reliable Income – Long-term retail tenants, high residential occupancy.
Efficient Ops – Separate utilities and individual furnaces.
Expansion Potential – Includes adjacent vacant lot.
Turnkey Asset –Cash-flowing, low maintenance, strong upside.
Capital Improvements:
2024:
-Two new hot water heaters installed
-Complete remodel of both commercial unit bathrooms
2023:
- Roof replaced over 5701 section
- Plumbing upgraded (50% copper / 50% galvanized)
- Lintels replaced
- Tuck-pointing completed
2019:
- All furnaces replaced (converted from radiator heating system)
2017:
- Windows replaced throughout
2014-Present:
- Interior renovations completed on most residential units to support market rent growth