1621 S 50th Court

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1621 S 50th Court

Cicero, IL 60804
Asking Price
$550K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Cicero
  • Property located at 1621 S 50th Court in Illinois
  • Asset positioned within the 60804 zip code area
  • Asking price for the apartment building is $549,900
  • Investment potential within the greater Chicago metropolitan market

What's Special

This multifamily property in Cicero, Illinois, is available for sale, presenting a functional acquisition for an investor focused on the residential rental market. Located at 1621 S 50th Court, the apartment building sits within a mature suburban environment that benefits from its proximity to the greater Chicago metropolitan area. The site offers convenient access to regional transit routes and local economic hubs, making it a viable option for those seeking to expand a local housing portfolio. Investors targeting steady rental income streams will find this asset well-positioned within the 60804 zip code. The local infrastructure supports a consistent demand for apartment living, catering to the needs of the diverse workforce employed throughout the industrial and commercial sectors of this submarket.

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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,720.605
Annual Cash Flow
$47,352.738

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