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2824 W Cermak Road

Chicago, IL 60623
  • $699,000
  • STATUS: Active
  • ON SITE: 197 Days
  • MLS #: 12398220
UPDATED: 112 min ago
$699,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1891
County:
Area:

School Ratings & Info

Description

This well-maintained 6-unit residential property is ideally situated in the vibrant West Pilsen/Little Village neighborhood. Just one block from the CTA Pink Line and mere steps from the Cermak/California bus stop, this location offers unparalleled access to public transportation, making it highly attractive to tenants and investors alike. The building presents significant upside potential. The property features three secure off-street parking spaces at the rear-an invaluable amenity in this high-demand urban area. The property's central location places it within easy reach of shopping, dining, and major commuter routes, further adding to its desirability. With solid financials, excellent tenant retention, and clear potential for increased revenue, this is a rare opportunity to acquire a turnkey multifamily asset in one of Chicago's most dynamic neighborhoods. Competitively priced for a swift sale-this is an investment not to be missed.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2026-01-25T03:13:16.857 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2824 W Cermak Road Chicago, IL 60623

  • Price: $699,000
  • Status: Active
  • On Site: 197 Days
  • Updated: 112 min ago
  • MLS #: 12398220
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1891
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
This well-maintained 6-unit residential property is ideally situated in the vibrant West Pilsen/Little Village neighborhood. Just one block from the CTA Pink Line and mere steps from the Cermak/California bus stop, this location offers unparalleled access to public transportation, making it highly attractive to tenants and investors alike. The building presents significant upside potential. The property features three secure off-street parking spaces at the rear-an invaluable amenity in this high-demand urban area. The property's central location places it within easy reach of shopping, dining, and major commuter routes, further adding to its desirability. With solid financials, excellent tenant retention, and clear potential for increased revenue, this is a rare opportunity to acquire a turnkey multifamily asset in one of Chicago's most dynamic neighborhoods. Competitively priced for a swift sale-this is an investment not to be missed.
Exterior Features

Frontage Type City Street

Interior Features

Heat Ventilation Forced Air Number Of Ranges 6

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Current Use Multi-Family Gross Income 89700 Gross Scheduled Income 89720 Insurance Expense 2935 Maintenance Expense 2300 Mls Actual Status Active Net Operating Income 72000 Operating Expense 17699 Possible Use Multi-Family Tax Annual Amount 8182.06 Tax Year 2023 Tenant Pays ElectricityHeat Total Monthly Income 7475 Township West Chicago Type Multi Family 5+ Zoning MULTI

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass: 312-733-7201.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2026-01-25T03:13:16.857 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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