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$235,000
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Property Description
Incredible investment opportunity in prime North Lawndale! This 2-unit building with an additional garden unit offers excellent potential for seasoned investors. While the property is currently tenant-occupied, the tenants are open to vacating, and the property can be delivered vacant at closing-making it ideal for a full renovation or redevelopment project. Being sold strictly AS-IS, the building does require significant updates but presents strong upside with an estimated after-repair value (ARV) of approximately $450,000. Each unit features its own hot water tank, and forced heat. The property contains an exterior back porch overlooking yard space and a two car garage that can be used for additional income due to the properties location. Located in a rapidly developing area surrounded by new construction and revitalization, this property is perfect for experienced investors looking to capitalize on growth. Seller prefers cash offers with a quick close.
Full Property Details
Full Property Details for 4318 W Cermak Rd
General
- Sold For: $235,000
- Taxes: $1,693 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12452000
- Added to Site: 148 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Detached, Garage
Location
- Area: CHI - North Lawndale
- County: Cook
- Driving Directions: North of Ogden; east of Cicero
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full
- Year Built: 1912
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 30 x 125
Financial Considerations
- Assessment Year: 1912
- Tax Amount: $1,693
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16224250330000
Listed by Keller Williams ONEChicago
Sold by Chicagoland Brokers, Inc.
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Schools
Schools serving 4318 W Cermak Rd
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Corkery Elementary School 2510 South Kildare Avenue, Chicago, IL 60623 | K-8 | 0.4 mi |
Infinity Math Science & Tech High School 3120 South Kostner Avenue, Chicago, IL 60623 | 9-12 | 1.1 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 4318 W Cermak Rd
Date
Details
Price
Change
Source
9/19/2025
Sold
$235,000
30.88%
MLS
8/21/2025
Listed
$179,555
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4318 W Cermak Road, Chicago, IL 60623 (MLS# 12452000) is a Multi-Family property that was sold at $235,000 on September 19, 2025. Want to learn more about 4318 W Cermak Road? Do you have questions about finding other Multi-Family real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

