5619 W Park Avenue

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5619 W Park Avenue

Cicero, IL 60804
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located at 5619 W Park Avenue
  • Asset is situated within the suburban market of Cicero
  • Property is currently available for purchase in Illinois
  • Strategically positioned near the Chicago metropolitan economic hub
  • Suitable for investors targeting established residential rental demand

What's Special

5619 W Park Avenue is a multifamily apartment building situated in the established community of Cicero, Illinois. This residential asset provides investors with a footprint in a dense suburban market located just west of Chicago, where consistent demand for rental housing persists due to proximity to major regional employment centers and transportation corridors. The layout and unit composition of this property make it suitable for long-term hold strategies or portfolio expansion in a region characterized by its accessible transit options and working-class population base. The Cicero submarket benefits from its connection to the greater Chicago metropolitan economy, drawing tenants who seek proximity to the urban core without city-center pricing. Owners of multifamily assets in this area often see steady occupancy levels driven by the high density of the surrounding neighborhood and existing municipal infrastructure. Prospective buyers can leverage the current demand for residential units to stabilize income streams in this well-positioned apartment building.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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