5400 W 23rd Street, Cicero, IL 60804

• 8 beds |
• 5 baths

Property Description

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.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 7:19AM

Listing Office:

Berkshire Hathaway HomeServices Chicago : 312-646-9084

Listing Agent:

Fei Martin : 312-646-9084

MLS ID:

12682695

Interior

• Basement: UnfinishedPartial
• Heating: Natural Gas

Exterior

• Other Structures: Garage(s)
• Parking: YesGarage OwnedDetachedGarageParking spaces: 3

Construction

• Roofing: Asphalt
• General: Brick/MortarConcrete Perimeter

Location

• HOA Amenities: GatedSidewalksStreet LightsStreet Paved
• Originating MLS: mred
• School District: 201
• County: Cook

Lot

• Zoning: MULTI16281050400000

Utilities

• Water: Lake MichiganPublic
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple