1623 S 58th Court, Cicero, IL

About 1623 S 58th Court

Great opportunity for an investor or owner-occupant in Cicero! This renovated two-unit building offers flexibility for buyers looking to generate rental income, help cover the cost of homeownership, or make their first move toward building a real estate portfolio. The first-floor unit is vacant and ready for an owner-occupant or new tenant, with prospective tenants already calling to express interest, offering potential leasing opportunities for the next investor owner. The second-floor unit is currently rented for $1,950 per month, providing rental income from day one. The two-car garage is rented separately. The building features a new roof, and both units have received extensive updates. The first-floor unit offers two bedrooms and one bathroom, a renovated kitchen with new appliances and quartz countertops, in-unit washer and dryer, refurbished hardwood floors, bedroom carpeting, and radiator heat. The second-floor unit has been extensively remodeled, including the kitchen and bathroom. Updates include new appliances, quartz countertops, dishwasher, in-unit washer and dryer, refurbished hardwood floors, fresh paint, and a new furnace and central A/C. Significant plumbing and electrical improvements have also been completed throughout the building, including updated electrical panels and new electric water heaters for both units. A legal basement with two exits adds even more functionality to the property. For an owner-occupant, this could be an opportunity to live in one unit while the $1,950 monthly rent from the second unit helps cover a portion of the cost of ownership. Or lease both units and begin or expand your investment portfolio. With today's higher interest rates, ask about possible seller incentives that may be available to help buy down the buyer's interest rate with an acceptable offer. Contact the listing agent for additional details and a complete list of improvements.

Listing Map