Multifamily

2123-2125 South Laramie Avenue

2123 S Laramie Ave, Cicero, IL 60804

Listing Price: $875,000

Cap Rate
3.10%
Number of Units
18
GRM
7.35
Occupancy
90.00%
Price/Unit
$48,611
Price/Gross SF
$66.29
Gross SF
13,200

Investment Overview

Marcus & Millichap is pleased to present a mixed-use property, built in 1925, located at 2123-2125 South Laramie Avenue in Cicero, Illinois. Cicero is a village in Cook County, located approximately 10 miles southwest of the downtown Chicago Loop, with convenient access to Routes 43 and 50 and Interstates 55 and 290. Public transportation is readily available at the 54th / Cermak CTA Station and at the Cicero Metra Station, both of which are located within one-half mile of the subject property. Additionally, PACE bus stops are conveniently located along West 22nd Street / Cermak Road, just south of the building. For domestic and international travel purposes, Midway International Airport is approximately five miles southeast of the asset.

The unit mix is comprised of two studio / one-bathroom units, four one-bedroom / one-bathroom units, six two-bedroom / one-bathroom units, and six commercial spaces, measuring approximately 550, 700, 850, and 530-1,072 square feet each, respectively. The property features off-street parking and an on-site laundry facility.

Positioned just north of West 22nd Street / Cermak Road, the property is within a three-mile radius of Hawthorne Works Shopping Center and Cicero Marketplace, collectively featuring a Target, ALDI, Sam's Club, Menards, Walgreens, Dunkin' Donuts, and Starbucks, among numerous additional retail and dining options. The asset is also three and one-half miles east of North Riverside Park Mall. Additionally, the building is surrounded by several recreational parks and nature trails. This investment offers an investor the opportunity to acquire a well-maintained asset in Cicero.

Investment Highlights

  • Off-Street Parking
  • Within One-Half Mile of 54th / Cermak CTA Station and Cicero Metra Station
  • Walking Distance from PACE Bus Stops
  • Close Proximity to Numerous Retail and Dining Options
  • Surrounded by Recreational Parks and Nature Trails

Exclusively Listed By

Multifamily

2123-2125 South Laramie Avenue

Listing Price: $875,000

Cap Rate
3.10%
Number of Units
18
GRM
7.35
Occupancy
90.00%
Price/Unit
$48,611
Price/Gross SF
$66.29
Gross SF
13,200

Investment Highlights

  • Off-Street Parking
  • Within One-Half Mile of 54th / Cermak CTA Station and Cicero Metra Station
  • Walking Distance from PACE Bus Stops
  • Close Proximity to Numerous Retail and Dining Options
  • Surrounded by Recreational Parks and Nature Trails

Investment Overview

Marcus & Millichap is pleased to present a mixed-use property, built in 1925, located at 2123-2125 South Laramie Avenue in Cicero, Illinois. Cicero is a village in Cook County, located approximately 10 miles southwest of the downtown Chicago Loop, with convenient access to Routes 43 and 50 and Interstates 55 and 290. Public transportation is readily available at the 54th / Cermak CTA Station and at the Cicero Metra Station, both of which are located within one-half mile of the subject property. Additionally, PACE bus stops are conveniently located along West 22nd Street / Cermak Road, just south of the building. For domestic and international travel purposes, Midway International Airport is approximately five miles southeast of the asset.

The unit mix is comprised of two studio / one-bathroom units, four one-bedroom / one-bathroom units, six two-bedroom / one-bathroom units, and six commercial spaces, measuring approximately 550, 700, 850, and 530-1,072 square feet each, respectively. The property features off-street parking and an on-site laundry facility.

Positioned just north of West 22nd Street / Cermak Road, the property is within a three-mile radius of Hawthorne Works Shopping Center and Cicero Marketplace, collectively featuring a Target, ALDI, Sam's Club, Menards, Walgreens, Dunkin' Donuts, and Starbucks, among numerous additional retail and dining options. The asset is also three and one-half miles east of North Riverside Park Mall. Additionally, the building is surrounded by several recreational parks and nature trails. This investment offers an investor the opportunity to acquire a well-maintained asset in Cicero.

Exclusively Listed By

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