Mixed-Use

2209 South 61st Court

2209 S 61st Ct, Cicero, IL 60804

Listing Price: $1,885,000

Cap Rate
7.23%
Number of Units
27
Price/Unit
$69,815
Price/Gross SF
$98.18
Gross SF
19,200

Investment Overview

Marcus & Millichap is pleased to present a mixed-use property, built in 1928, located at 2209 South 61st Court 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 two miles of the subject property. Additionally, PACE bus stops are conveniently located along West 22nd Street / Cermak Road, just outside of the building. For domestic and international travel purposes, Midway International Airport is approximately six miles southeast of the asset.

The unit mix is comprised of 14 small studio / one-bathroom units, two large studio / one-bathroom units, eight one-bedroom / one-bathroom units, and three commercial spaces, measuring approximately 650, 700, 750, and 900 square feet each, respectively. The property features an on-site laundry facility.

Positioned on West 22nd Street / Cermak Road, the property is within a three-mile radius of Cermak Plaza Shopping Center, Hawthorne Works Shopping Center, and Cicero Marketplace, collectively featuring a Target, Costco, Sam's Club, Walgreens, Chick-Fil-A, Buffalo Wild Wings, McDonald's, and Starbucks, among numerous additional retail and dining options. The asset is just two 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

  • Within Two Miles 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
  • On-Site Laundry Facility
  • Convenient Access to Routes 43 & 50 and Interstates 55 and 290

Exclusively Listed By

Listing Price: $1,885,000

Cap Rate
7.23%
Number of Units
27
Price/Unit
$69,815
Price/Gross SF
$98.18
Gross SF
19,200

Investment Highlights

  • Within Two Miles 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
  • On-Site Laundry Facility
  • Convenient Access to Routes 43 & 50 and Interstates 55 and 290

Investment Overview

Marcus & Millichap is pleased to present a mixed-use property, built in 1928, located at 2209 South 61st Court 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 two miles of the subject property. Additionally, PACE bus stops are conveniently located along West 22nd Street / Cermak Road, just outside of the building. For domestic and international travel purposes, Midway International Airport is approximately six miles southeast of the asset.

The unit mix is comprised of 14 small studio / one-bathroom units, two large studio / one-bathroom units, eight one-bedroom / one-bathroom units, and three commercial spaces, measuring approximately 650, 700, 750, and 900 square feet each, respectively. The property features an on-site laundry facility.

Positioned on West 22nd Street / Cermak Road, the property is within a three-mile radius of Cermak Plaza Shopping Center, Hawthorne Works Shopping Center, and Cicero Marketplace, collectively featuring a Target, Costco, Sam's Club, Walgreens, Chick-Fil-A, Buffalo Wild Wings, McDonald's, and Starbucks, among numerous additional retail and dining options. The asset is just two 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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