Chicago, IL 60623 2824 W CERMAK Road

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Presented By: Compass
  • MLS# 12398220
  • 07/11/2025
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  • Beds • 5

Home Details

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.
Presented By: Compass

General for 2824 W CERMAK Road

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CountyCook
Current UseMulti-Family
DirectionsCALIFORNIA AVE TO CERMAK THEN WEST
Electric Expense156
Fuel Expense
Gross Income89700
Insurance Expense2935
MLS AreaCHI - South Lawndale
MaintenanceExpense2300
ModificationTimestamp2025-07-17T05:06:03.108Z
Net Operating Income72000
Number Of Units Total6
Operating Expense17699
PossessionClosing
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount8182.06
Tax Year2023
Tenant PaysElectricity, Heat
TownshipWest Chicago
Trash Expense900
Water Sewer Expense2913
Year Built1891
ZoningMULTI

Exterior for 2824 W CERMAK Road

Frontage TypeCity Street
Lot Dimensions25X121

Additional Details

Price History

Client Care

Price $699,000
MLS#12398220
List Date 07/11/2025
Property Type Multi-Family
Phone 847.485.2500
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