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Multifamily Loans in
Cicero, IL

Overview

Cicero is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Cicero are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Cicero are some of the lowest nationally. Cicero apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Cicero.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Cicero, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Cicero are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.19% - 3.44%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.39% - 3.79%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Cicero may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Lenders in Cicero, IL

All major multifamily lender types are lending in Cicero.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Nov 26, 2021


Cicero Market

The city of Cicero in Cook County has a population of 80,796. The median rent in Cook County for a 2 bedroom is $1,417. The median Cicero resident is 31 years old with a yearly income of $25,900. The average family has 4.11 members and a median household income of $49,367. Cicero has a 9% higher education rate. The unemployment rate in Cicero is 5.3%.


Population
80,796 people

County
Cook County

Renters

50.3% of Cicero households are renters.


Rent Burden

28.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cook County 1
Illinois 2
National 2
Studio $1,104 $599 $737
1 bedroom $1,224 $669 $813
2 bedroom $1,417 $840 $1,015
3 bedroom $1,799 $1,100 $1,325
4 bedroom $2,147 $1,238 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Cicero Demographics


Median Individual Income
$25,900 / year

Median Household Income
$49,367 / year

Families w/ Dual Incomes
57%

Unemployment Rate
5.3%
Household Income Distribution
Cicero, IL

Median Age
31 years

Avg Family Size
4.11 people
Age Distribution
Cicero, IL

College Education or Above
9%

STEM College Graduates
43%
Education Distribution
Cicero, IL
Source: U.S. Census Bureau

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