This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/42
$699,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/42
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.
Full Property Details
Full Property Details for 2824 W Cermak Rd
General
- Price: $699,000
- HOA FEE: $2,300
- Taxes: $8,182 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12398220
- Updated: 7/17/2025
- Added to Site: 190 day(s) ago
Location
- Area: CHI - South Lawndale
- County: Cook
- Township: West Chicago
- Driving Directions: CALIFORNIA AVE TO CERMAK THEN WEST
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Trash: 900
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1891
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Dimensions: 25 x 121
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $2,300
- Insurance Fee: $2,935
- Operating Expenses: $17,699
- Other Fee: $4,282
- Assessment Year: 1891
- Tax Amount: $8,182.06
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Pays Electric: 156
- Pays Trash: 900
Disclosures and Reports
- Property ID: 16243150290000
Listed by Compass
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 2824 W Cermak Rd
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hammond Elementary School 2819 West 21st Place, Chicago, IL 60623 | PK-8 | 0 mi |
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623 | 9-11 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2824 W Cermak Rd
Date
Details
Price
Change
Source
7/11/2025
Listed
$699,000
31.89%
MLS
1/10/2019
Sold
$530,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2824 W Cermak Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,168
3%
$38,713
—
2022
$7,963
2%
$38,713
—
2021
$7,785
59%
$38,713
76%
2020
$4,908
-5%
$22,031
-14%
2019
$5,147
2%
$25,618
—
2018
$5,060
4%
$25,618
13%
2017
$4,875
7%
$22,646
—
2016
$4,536
9%
$22,646
—
2015
$4,150
19%
$22,646
21%
2014
$3,485
2%
$18,785
—
2013
$3,417
1%
$18,785
—
2012
$3,371
—
$18,785
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2824 W Cermak Rd
2824 W Cermak Road, Chicago, IL 60623 (MLS# 12398220) is a Commercial property. 2824 W Cermak Road is currently listed for $699,000 and was received on July 11, 2025. Want to learn more about 2824 W Cermak Road? Do you have questions about finding other Commercial real estate for sale in South Lawndale? You can browse all South Lawndale real estate or contact a Coldwell Banker agent to request more information.

