2119 S 51st Avenue Cicero, IL 60804

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10% Cap Rate As-Is (Proforma 11% + Cap Rate)! This 13 unit workforce housing property is located in Cicero, IL just outside Chicago and steps from Pink "L" Stop. Current ownership has made significant capital improvements over the years. Interior improvements include: New cabinets, countertops, stainless appliances, light fixtures, refinished flooring, new individual furnaces and more. Work completed across ~50% of units. Common area improvements: New laundry facility with seller owned Speed Queen equipment, new Bradford White commercial water heater, majority copper plumbing supply lines with individual unit shutoffs, new electrical circuits for kitchens and bathroom GFCIs, Silicone Roof Reseal, vinyl windows, and digital access for all common doors. Unit Mix: 4 x 2BD/1BA - 3 x 1BD/1BA + Den - 6 x 0BD/1BA (Large Four Room Studios) Property is 100% occupied with 100% collections. All units on 12 month leases. Future value-add opportunities included converting the three large 1BD units into 2BD units. Large common garden level can easily support the addition of 2 additional units. Property has been approved for the Cook County AHSAP property tax incentive for the next 10yrs. AHSAP 15% reduction will be reflected on second installment taxes this year. Approval letter in attachments. Perfect property for any new or seasoned investor looking for day one cash flow and low maintenance. Broker Owned Interest.