2957 N Cicero Avenue, Chicago, IL 60641

• 8,200 sqft

Property 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 - over two (2) ground-floor 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 that reflect an all-in cost of $1,485,000. 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.

Listing Status:

Active

Data Last Updated:

August 24, 2026 at 10:18PM

Listing Office:

Triton Realty Group LLC : 952-607-9570

Listing Agent:

James Thompson : 952-607-9570

MLS ID:

12724119

Interior

• Basement: UnfinishedConcreteStorage Space
• A/C: Window Unit(s)
• Fireplace: Fireplaces: 0

Construction

• Roofing: Rubber
• General: Brick/Mortar

Location

• Road/Access: City StreetAlley Access
• Originating MLS: mred
• County: Cook

Lot

• Zoning: COMMR13271150010000

Utilities

• Utilities: Water AvailableSeparate Meters

Financial

• Source: mred