3022-24-28 W Cermak Road, Chicago, IL, 60623

Save
Ask
Tour
Hide
Share
$1,250,000
41 Days On Site

3022-24-28 W Cermak Road
Chicago, IL 60623

For Sale|Mixed Use|Active
0
Beds
0
Full Baths
0
Partial Baths
10,300
SqFt
$121
/SqFt
1910
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Mason Realty

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

3022-24-28 W Cermak Road3022-24-28 W Cermak Road3022-24-28 W Cermak Road3022-24-28 W Cermak Road
Save
Ask
Tour
Hide
Share

Investment Summary The 2 Greystone buildings and dedicated parking lot are located in what many consider the best neighborhood in Chicago for investment right now. The near term appreciation is expected to be huge. The East Little Village/ West Pilsen neighborhood is the hottest up and coming in Chicago due to it's close proximity to Downtown Chicago along with the amenities of the public transportation, a diverse shopping district, along with the connection to the city's boulevard and park systems. Think "Logan Square South". Many buildings in the area are being rehabbed and several new construction projects have already begun. There is Pink Line EL train stop approximately 2 blocks from this location. Douglas Park, which is one block from the subject property, is a gem in the park system and hosts several music fests that have helped bring about positive economic change to areas on the north side of the city. Chicago has recently replaced much of the infrastructure in the neighborhood including water mains, sewer lines, sidewalks/ curbs, and added trees to the street city-scape in anticipation. Both residential and commercial rents are on the rise with tenants moving in from other parts of the city. This is expected to continue for the foreseeable future. Chicago, as a whole, also continues to experience people moving in from other parts of the country looking to become part of the rich and diverse employment opportunities the city has to offer. The subject property is fully stabilized and has been well maintained. The property features 3 adjoining properties. There are 2 grey stone mixed-use buildings and 1 vacant lot containing a 3 car garage. There 4 commercial tenants and 4 residential tenants occupancies. On the first floor is a 2 storefronts rented for artist use. The second and third floors contain 4-two bedroom apartments and 2-one bedroom apartments. Every unit on both floors are spacious, comfortable and easily rented. Each apartment has good sized bedrooms, which is a critical factor in renting in the city. All mechanicals have been updated. There are with full 6 HVAC systems and 2 units with just furnace systems. Every space is fully updated with newer kitchen and bath finishes. Residential tenants also enjoy shared outdoor space. There is a 7 outdoor, off-street parking parking spots and a 3-car garage for a total of 10 spots. There are 3 separate PIN's associated with this listing. This listing is part of a larger portfolio which consists of 4 buildings (8 Commercial / 16 Residential Units) and 6 vacant lots that are primarily located on the same block (2 double vacant lots are a block away). The seller group is doing principal management and are looking to retire. The other properties are available as active listings. Please contact the listing agent for more details.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,250,000
Days On Site 
41 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,300 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1910
MLS® Number 
12213153
Status 
Active
Property Tax 
$10,480
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
3 days agoStatus changed to Active
a month agoListing first seen on site
General Features
Foundation 
Concrete Perimeter
Number Of Stories 
3
Property Sub Type 
Mixed Use
SqFt Total 
10300
Interior Features
Cooling 
Central Air
Flooring 
Wood
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
BrickStone
Roof 
Membrane
Community Features
MLS Area 
CHI - South Lawndale
Township 
West Chicago
Listing Courtesy of MRED as distributed by MLS Grid of Mason Realty



Based on information submitted to the MLS GRID as of 2024-10-30 12:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-10-30 12:00 AM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share