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Listing provided courtesy of Keller Williams ONEChicagoMREDas Distributed by MLSGrid- MLS# 12688113MLS Provider

5801 W 16th StreetCicero, IL 60804

Multi-Family · 11 Beds
$795,000 New

5801 W 16th Street Overview

Time on Site:
5 days
Visits:
0

INCREDIBLE OPPORTUNITY! This mixed-use property is superbly upgraded and beautifully maintained. 3 gorgeous, fully appointed apartments and a fabulous corner storefront, currently used as a beauty salon, plus 2-car garage. Sale also includes the adjacent lot, which currently is used as wonderful outdoor space for the tenants! Perfect property for an Owner-User. Run your business, live in the deluxe 3br apartment, and collect rent from the other 2 apartments (a 2BR and another 3BR)! Amazing investment with so many options. Call for more details about status of current ownership and occupancy.

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5801 W 16th Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Income/Expenses

  • Electric Expense: 1320
  • Fuel Expense: 0
  • Gross Income: 91200
  • Insurance Expense: 4700
  • Net Operating Income: 66690
  • Trash Expense: 2800
  • Water Sewer Expense: 5160

Building Information

  • New Construction: No
  • Year Built: 1915

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Cicero
  • Township: Cicero

Tax Information

  • Tax Annual Amount: $11,706.18
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 16204030100000
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 1
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 5
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 4

General Information

  • Basement: Unfinished, Full
  • Heating: Natural Gas
  • Rooms Total: 16

Exterior

Parking Information

  • Parking Features: Yes, Detached, Garage
  • Parking Total: 5

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 7412
  • Water Source: Lake Michigan, Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 2100
  • Beds Total: 3
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1500
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 2300
  • Beds Total: 3
  • Baths Total: 2

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 1800
  • Beds Total: 3
  • Baths Total: 1

5801 W 16th Street Neighborhood

Community

60804 (Cicero) Demographics

32
Median Age
10,436
Population Density (per sq. mile)
15%
College Educated
$53,750
Estimated Median Income
11,773
Estimated Total Home Owners
10,935
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5801 W 16th Street Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5801 W 16th Street Market Data

Based on the last 30 days in this zip code

$288,473
Average List Price
$215
Average Price per Square Foot
9
Properties Sold
66
Average Days on Market
68
Properties for Sale
Calculations provided by Reliance Network

5801 W 16th Street History

Date Event Value Agent
6/25/2026Source: MRED Added to Database
June 25, 2026
6/25/2026Source: MRED Added to Database
June 25, 2026