Cicero Multifamily Buyer
Sell Your Commercial Property In Cicero, IL
We are an active buyer of Cicero commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Cicero Submarkets: Berwyn · Hawthorne · Clyde · Warren Park — Cook County, IL
Why Cicero
Why We Buy Multifamily In Cicero
Cicero is a Cook County town of 82,797 residents, per Census ACS 2020-2024 estimates. Renters hold 11,103 of Cicero's 24,432 occupied homes, a 45.4% share (ACS tenure). Rental vacancy was 1.6% in the ACS DP04 housing profile. Owners who want to sell commercial property in Cicero, IL face a 2026 reassessment, a town transfer tax and a pre-sale inspection. Cicero's median household income is $70,842, below the Illinois median of $83,390. We buy 5+ unit buildings in Cicero's Hawthorne, Clyde and Warren Park areas and in neighboring Berwyn.
Manufacturing jobs
Manufacturing employs 16.1% of working Cicero residents, 6,343 people, against 11.5% statewide in ACS 2020-2024.Two Pink Line stations
CTA Pink Line stops at Cicero station and the 54th/Cermak terminal, which offers Park and Ride.Morton College
Morton College in Cicero counted 3,562 students on its Fall 2024 census day, or 2,041 full-time equivalents.Our Buy Box
What We Buy In Cicero
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Cicero Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Cicero
Renters make up 45.4% of Cicero households in ACS 2020-2024 tenure data, above the 42.3% Cook County share. Two-to-four-unit flats hold 42.3% of Cicero homes, while 12.4%, or 3,251 units, sit in buildings of five or more (ACS units in structure).
Cicero's median home was built in 1938, and 61.8% of homes predate 1940 (ACS year built). Owners selling commercial property in Cicero will mostly be offering prewar buildings.
Cicero rents and HUD fair market rents
Cicero's median gross rent is $1,154 a month in ACS 2020-2024, $281 below the Cook County median of $1,435. Some 44.4% of Cicero renters pay 30% or more of income on rent (ACS rent burden table). The HUD FY2027 two-bedroom FMR for the Chicago-Joliet-Naperville area is $2,011.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,678 |
| One bedroom | $1,780 |
| Two bedrooms | $2,011 |
| Three bedrooms | $2,586 |
| Four bedrooms | $2,954 |
Property taxes in Cook County: a $2M example
A $2,000,000 Cicero apartment building carries $606,000 of equalized assessed value. Cook County assesses apartments at 10% of market value (Assessor class definitions), or $200,000. The 2025 Cook County equalizer of 3.0300 (Illinois Department of Revenue) raises that to $606,000.
Cicero was reassessed in 2026, with notices mailed June 17, 2026 (Assessor calendar). Cicero's transfer tax is $10 per $1,000, or $20,000 on a $2,000,000 sale (Town of Cicero). Both figures matter when you sell commercial property in Cicero, IL.
Landlord rules in Cicero and Illinois
Illinois does not have a rent control law, says the Illinois Attorney General. In 5+ unit buildings, deposits are due back within 45 days. Nonpayment notices give tenants five days to pay.
Cicero requires a Certificate of Compliance inspection before transfer: $190 for two units plus $40 per added unit (Town of Cicero). Anyone planning to sell commercial real estate in Cicero, IL should book it 30 days before closing.
What it means for a Cicero owner
Cicero pairs 1.6% rental vacancy with rents $857 below HUD's two-bedroom benchmark. Test your numbers with our cap rate calculator before you sell commercial property in Cicero, IL.
Skyline Capital Investments buys 5+ unit apartment buildings, so you can sell your apartment building in Cicero directly.
Seller Notes
Pricing Your Building In Cicero
More about selling in Illinois →Investing in Cicero? See apartment syndications in Cicero →
- Cicero Assessor appeals for the 2026 reassessment closed on July 31, 2026.
- Cicero buildings over three units need a Town electrical inspection before transfer.
- Owners ready to sell commercial real estate in Cicero, IL should gather rent rolls, leases and tax bills.
Seller Guides
Cicero Seller Situations
Learn More
Taxes & Rules For Cicero Property
The Illinois rules that shape any deal in Cicero: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Cicero Seller FAQ
What costs come up when I sell commercial property in Cicero, IL?
Cicero charges a transfer tax of $10 per $1,000, or $20,000 on a $2,000,000 sale. The Town also requires a Certificate of Compliance inspection costing $190 for two units plus $40 per added unit. Missed or failed inspections cost $60 each.
What should I prepare before I sell commercial real estate in Cicero, IL?
Schedule the Town of Cicero compliance inspection at least 30 days before closing. Buyers will also review rent rolls, leases and Cook County tax bills. An As-Is transfer adds a $100 processing fee and a signed repair agreement.
How does Cook County assess apartment buildings in Cicero?
Cook County assesses residential and apartment property at 10% of market value. The 2025 state equalizer of 3.0300 then applies. A $2,000,000 Cicero building has a $200,000 assessed value and $606,000 of equalized assessed value.
Is there rent control in Illinois?
No. The Illinois Attorney General states that Illinois does not have a rent control law. Landlords can raise rent on a month-to-month tenancy with 30 days of notice. Rent on a fixed-term lease cannot rise before the lease expires.
What do renters pay in Cicero?
Cicero's median gross rent is $1,154 a month in ACS 2020-2024, and the HUD FY2027 two-bedroom fair market rent is $2,011. Some 44.4% of Cicero renters pay 30% or more of income on rent, a figure to weigh before you sell multifamily property in Cicero.
What if my Cicero building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Cook County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in Cicero with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in Cicero?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
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Have A Property In Cicero?
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