Turnkey 18-Unit Building with Development Upside & Seller Financing

Roosevelt Rd, Cicero, IL 60804

  • For Sale $2,050,000
  • Property Type Multi-Family
  • Units 18
  • Lot Size 10,546 Acre
  • # of Floors 3
  • Date Updated Aug 1, 2025
The Proano Commercial Group is proud to present 5701 W. Roosevelt Road in Cicero, IL—an 18-unit mixed-use building in a high-demand area, offering strong cash flow and long-term potential. The 15,547 SF masonry property features two commercial storefronts and 16 residential units (studios, one- and two-bedrooms), with 90% of the units already remodeled. High occupancy, long-term tenants, and separate utilities make for efficient operations. An adjacent vacant lot is included, offering future development potential. Seller financing is now available with an 18-month interest-only bridge loan at 6.75%, secured by the property, with a minimum 25% down payment and no prepayment penalty. This structure provides buyers with positive leverage and a window to refinance once rates shift or stabilize, while keeping carry costs low. Located just one mile from I-290, this is a prime opportunity to acquire a stabilized asset with upside and flexible terms.
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Attachments

Highlights

  • Age: Over 50 Years Old
  • Highlights : Prime Location – Corner site at Roosevelt Rd. & 57th Ave., 1 mile to I-290, 9 miles to downtown. Strong Market – Surrounded by residential, commercial, and mixed-use properties. Mixed-Use – 18 units: 2 retail + 16 residential (6 studios, 6 one-beds, 4 two-beds). Solid Build – 3...
  • Lot Size: Under 1/2 Acre
  • Sewer: City
  • Water: City Water

Contacts

broker
Paul Proano

Coldwell Banker Realty

Location

Getting Around

  • Walk Score ®

    76/100 Very Walkable

  • Transit Score ®

    64/100 Good Transit

  • Bike Score ®

    59/100 Bikeable
Powered by Walk Score ®
  • City Cicero, IL
  • Zip Code 60804
  • Market Chicago

Points of Interest

  • 54th/Cermak

    1.08 miles

  • Cicero

    1.12 miles

  • Kostner

    1.91 miles

  • Berwyn

    2.60 miles

  • Central Park

    2.79 miles

  • Harlem Avenue

    2.92 miles

  • Kedzie

    3.25 miles

  • Riverside

    3.84 miles

  • Maywood

    4.02 miles

  • Uber Tent

    5.05 miles

  • Shell

    0.15 miles

  • Citgo

    0.49 miles

  • Mobil

    0.66 miles

  • BP

    0.67 miles

  • Minute Man

    0.80 miles

  • Fuel Stop

    0.87 miles

  • King

    0.98 miles

  • Soofa Solar Phone Charger

    2.76 miles

  • ChargePoint

    4.22 miles

  • EVgo

    5.11 miles

  • 54th/Cermak Park & Ride

    0.96 miles

  • Lot 57

    1.07 miles

  • Lot 46 G

    1.39 miles

  • Jewel Osco Lot

    1.47 miles

  • Lot 84

    1.51 miles

  • West Suburban Hospital Parking Garage

    1.92 miles

  • Avenue Parking Garage

    2.07 miles

  • Holly Court Parking Garage

    2.55 miles

  • Forest Park Park & Ride

    2.58 miles

  • Shamrock Motel

    1.12 miles

  • Karavan Motel

    1.25 miles

  • Cindy Lyn Motel

    1.85 miles

  • Chicagoland Motel

    3.51 miles

  • Presidential Inn

    3.62 miles

  • Cicero Motel

    4.00 miles

  • Travel Inn Motel

    4.09 miles

  • Fullerton Hotel

    4.61 miles

  • Skylark Motel

    4.80 miles

  • Carlton Inn Midway

    4.83 miles

  • Subway

    0.07 miles

  • Little Caesars

    0.08 miles

  • McDonald's

    0.09 miles

  • Sarno's

    0.09 miles

  • Dunkin'

    0.10 miles

  • Steak & Egger

    0.12 miles

  • Albano's Pizzeria

    0.28 miles

  • Lucky Dog

    0.48 miles

  • Trattoria 225

    0.85 miles

  • Pete's Red Hots

    0.86 miles

  • George Rogers Clark Elementary School

    0.23 miles

  • McKinley Educational Center

    0.34 miles

  • Warren Park Elementary School

    0.41 miles

  • Saint Francis of Rome School

    0.44 miles

  • Plato School

    0.53 miles

  • Daniel Burnham Elementary School

    0.63 miles

  • CAM Academy

    0.65 miles

  • Morton Freshman Center

    0.70 miles

  • J. Sterling Morton Alternative High School

    0.82 miles

  • Irving Elementary School

    0.87 miles

  • Sunny Days Kid's Academy

    0.70 miles

  • Morningside Children's Academy

    0.80 miles

  • ABC Toon Town Day Care

    0.82 miles

  • Little Folks Cottage Inc

    1.10 miles

  • Blocks 24 hr Child Care Center

    1.52 miles

  • Happy Days Child Care Center

    1.67 miles

  • Back 2 Basics Day Care

    1.75 miles

  • Little Beginnings Day Care

    1.81 miles

  • Our Lady of Lourdes Child Development Center

    1.95 miles

  • The Day Nursery

    2.28 miles

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Contact Listing Broker
broker
Paul Proano

Coldwell Banker Realty

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