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$675,000
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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
- Sold For: $675,000
- Taxes: $8,182 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12398220
- Added to Site: 295 day(s) ago
Location
- Area: CHI - South Lawndale
- County: Cook
- Driving Directions: CALIFORNIA AVE TO CERMAK THEN WEST
Heating & Cooling
- Heating Type: Forced Air
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
- Operating Expenses: $17,699
- Assessment Year: 1891
- Tax Amount: $8,182.06
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 16243150290000
Listed by Compass
Sold by @properties Christie's International Real Estate
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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 ATTOM Data Solutions 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
5/01/2026
Sold
$675,000
-3.43%
MLS
7/11/2025
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2824 W Cermak Road, Chicago, IL 60623 (MLS# 12398220) is a Commercial property that was sold at $675,000 on May 01, 2026. 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.

