Cicero Illinois as a place to buy property.

Cicero Illinois as a place to buy property.

Investor · Oak Park, IL · Member since 2014 · 316 posts · 150 votes

Is anyone familiar with Cicero, Illinois as a place to purchase property?  I live a mile from there in Oak Park.  The property is priced a fraction of prices in Oak Park, and Cicero is accessible easily from downtown by train.  I am not sure if the property values are going to go up or down, relative to other areas.  How would the cash flow be, and the ability to obtain manageable tenants?  I am considering single family to 12 flats with their respective balance sheets and management challenges.   School quality may be a factor.  I know it has changed in the last 30 years, when I stayed their briefly.  Many of the original groups have left to move further out.  I am looking at the area relative to neighbors Berwyn and Forest Park.  

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  • Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
    10y

    I work in the Cicero area. Cicero has a bit of a reputation, although it can be a decent rental market. Just be careful though because there are some tougher/more transient areas. 

    There are some nicer areas of Cicero for sure. Stay south and West for the best parts. Pm me if you want more info. I live in Riverside and am I the Oak Park area all the time

  • Contractor · Romeoville, IL · Member since 2015 · 198 posts · 137 votes
    10y

    Cicero also is very tough on repairs. Be prepared to do full guts under permit meaning have your ducks in a row before jumping into a purchase or realize additional holding costs on the delays. 

  • Rental Property Investor · oak park, IL · Member since 2017 · 20 posts · 6 votes
    9y

    Any more details on Cicero? Any places to avoid? I am in oak park, and am looking to get a 2 flat closeby that is < 200k are there other places like cicero and berwyn that are worth looking into 

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