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.
Active
$949,000
5400 W 23rd St, Cicero, IL 60804
8beds
--sqft
Multi Family
Built in 1913
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Quality finishes throughoutUpdated bathroomsIn-unit washer and dryerModern kitchensHigh-end finishes throughoutSeparate hvac systemsIndividual water heaters
- --
- on Zillow |
- 154
- views |
- 6
- saves |
Zillow last checked:
Listed by:
Fei Martin 312-646-9084,
Berkshire Hathaway HomeServices Chicago
Source: MRED as distributed by MLS GRID,MLS#: 12682695
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas
Appliances
- Included: Multiple Water Heaters
Features
- Basement: Unfinished,Partial
Property
Parking
- Total spaces: 3
- Parking features: Yes, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 3,920 Square Feet
- Dimensions: 30X135
- Features: Corner Lot
Details
- Additional structures: Garage(s)
- Parcel number: 16281050400000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1913
- Major remodel year: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Community
- Features: Gated, Sidewalks, Street Lights, Street Paved
Location
- Region: Cicero
Financial & listing details
- Tax assessed value: $220,060
- Annual tax amount: $13,348
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/16/2025 | Sold | $295,000 |
Source:  MRED as distributed by MLS GRID #12141834 Report a problem | ||
| 2/21/2025 | Contingent | $295,000 |
Source: MRED as distributed by MLS GRID #12141834 Report a problem | ||
| 1/27/2025 | Listed for sale | $295,000 |
Source: MRED as distributed by MLS GRID #12141834 Report a problem | ||
| 11/5/2024 | Pending sale | $295,000 |
Source: MRED as distributed by MLS GRID #12141834 Report a problem | ||
| 10/29/2024 | Price change | $295,000-14.5% |
Source: MRED as distributed by MLS GRID #12141834 Report a problem | ||
| 8/19/2024 | Listed for sale | $345,000-2.8% |
Source: MRED as distributed by MLS GRID #12141834 Report a problem | ||
| 8/19/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11994726 Report a problem | ||
| 5/11/2024 | Price change | $355,000-6.6% |
Source: MRED as distributed by MLS GRID #11994726 Report a problem | ||
| 3/19/2024 | Price change | $380,000-5% |
Source: MRED as distributed by MLS GRID #11994726 Report a problem | ||
| 3/3/2024 | Listed for sale | $400,000+53.8% |
Source: MRED as distributed by MLS GRID #11994726 Report a problem | ||
| 9/13/2021 | Sold | $260,000+6.1% |
Source: MRED as distributed by MLS GRID #11028636 Report a problem | ||
| 4/15/2021 | Pending sale | $245,000 |
Source: MRED as distributed by MLS GRID #11028636 Report a problem | ||
| 4/1/2021 | Price change | $245,000+8.9% |
Source: MRED as distributed by MLS GRID #11028636 Report a problem | ||
| 3/22/2021 | Listed for sale | $224,900+2.2% |
Source: MRED as distributed by MLS GRID #11028636 Report a problem | ||
| 10/22/2019 | Listing removed | $220,000 |
Source: Home Sales Realty INC. #10552558 Report a problem | ||
| 10/19/2019 | Listed for sale | $220,000 |
Source: Home Sales Realty INC. #10552558 Report a problem | ||
| 9/13/2019 | Listing removed | -- |
Source: Auction.com Report a problem | ||
| 5/31/2019 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $22,006 |
| 2023 | $5,202 +48.3% | $22,006 +81.3% |
| 2022 | $3,508 -0.2% | $12,136 |
| 2021 | $3,514 -0.5% | $12,136 |
| 2020 | $3,531 +24.3% | $12,136 +22.1% |
| 2019 | $2,842 +2.8% | $9,940 |
| 2018 | $2,765 -7.9% | $9,940 |
| 2017 | $3,004 -6.7% | $9,940 +8% |
| 2016 | $3,219 +3.1% | $9,206 |
| 2015 | $3,121 -21.6% | $9,206 -18.4% |
| 2014 | $3,981 +14.2% | $11,279 +1.9% |
| 2013 | $3,485 -9% | $11,064 -9.5% |
| 2012 | $3,830 -3.4% | $12,219 |
| 2011 | $3,963 -5.3% | $12,219 -23% |
| 2010 | $4,185 +8.3% | $15,877 |
| 2009 | $3,863 +9.7% | $15,877 -15% |
| 2008 | $3,521 -1.8% | $18,679 +8.8% |
| 2007 | $3,586 +6.6% | $17,161 |
| 2006 | $3,363 -4.9% | $17,161 -14.1% |
| 2005 | $3,538 +1.5% | $19,981 +53.6% |
| 2004 | $3,486 +4% | $13,007 |
| 2003 | $3,352 +5.8% | $13,007 |
| 2002 | $3,169 +35.7% | $13,007 +31.6% |
| 2001 | $2,336 +10% | $9,887 |
| 2000 | $2,123 -3.8% | $9,887 |
| 1999 | $2,208 | $9,887 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60804
Nearby schools
GreatSchools rating
- 6/10Sherlock Elementary SchoolGrades: PK-6Distance: 0 mi
- 3/10Unity Jr High SchoolGrades: 7-8Distance: 0.3 mi
- NAJ Sterling Morton Freshman CenterGrades: 9Distance: 0.5 mi
Schools provided by the listing agent
- District: 201
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $--3 bd2 ba1.4k sqft5400 W 23rd St #1, Cicero, IL 60804Off Market
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- $--2 bd1 ba1.5k sqft5402 W 23rd St APT 1R, Cicero, IL 60804Off Market
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