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$399,000

For Sale - Active
1438 S 50th Ave, Cicero, IL 60804
6 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1931
For Sale - Active
2 Units
Checked: 10 hours ago
Updated: Aug 16, 2025 at 10:31PM

Investment Summary


Monthly Cash Flow
-$1,314
Cap Rate
1.7%
Cash-on-Cash Return
-17.2%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-12.6%

Property Description


0.00 Acres Lot
Built in 1931
For Sale - Active
2 Units

Charming Brick 2-Flat This well-maintained brick 2-flat features two spacious units, each offering 3 generously sized bedrooms and 1 full bathroom. Both units are equipped with central air conditioning for year-round comfort. Enjoy large kitchens and bright, open living rooms - perfect for family gatherings or entertaining. The property also includes a detached 2-car garage and a backyard space. Great for owner-occupants or investors!

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Location


Property Details


Parking

  • Description: None
  • Details: On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Unfinished, Full

Exterior Features

  • Exterior Walls Materials: Masonry

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Apartments (general)

Lot Information

  • Parcel ID: 1621218042
  • Lot Size: 0 sqft

Property Information

  • Property Type: Multi Family
  • Year Built: 1931

Tax Information

  • Annual Tax: $8,012

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air

Location

  • County: Cook

Listing Details


Listed by:
Jorge Mariscal
RE/MAX Partners
(708) 296-7857

Source:
Midwest Real Estate Data (MRED)
MLS#: 12445024
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$1,314
Cap Rate
1.7%
Cash-on-Cash Return
-17.2%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-12.6%

Purchase Details

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Purchase price:
$399,000
Amount financed:
-$319,200
Down payment:
$79,800
Closing costs:
$11,970
Rehab costs:
$0
Initial cash invested:
$91,770
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$319,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,888
Property tax:
$668
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,682

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (37%)
37%-$668-$8,012
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (62%)
62%-$1,118-$13,412

Cash Flow


Monthly Yearly
Net operating income:
$574 $6,888
Mortgage payments:
-$1,888 -$22,656
Cash flow:
$1,314 $15,768