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$349,900 Just Listed
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Property Description
Mixed-Use Gem on Cermak Road! Hair Salon + Apartment Combo with separate finished attic on 3rd level and 2 car brick garage! Mixed-Use property (Commercial + Residential). Commercial Space: Existing Hair Salon (Lease through February 2026) Residential Unit: 1-Bedroom Apartment Upstairs (Vacant ready for occupancy). 3rd Level/Attic (Vacant ready for Occupancy) 2-Car Garage Parking (rented month-to-month). Property Highlights: Prime Location on high-traffic Cermak. Road-ideal for visibility and walk-ins. Established Hair Salon on the ground floor with modern fixtures, shampoo stations, and styling chairs. Private Apartment upstairs featuring a spacious bedroom, full kitchen, and natural light. Separate Entrances for commercial and residential units. Updated Systems including HVAC, plumbing, and electrical. Zoned for Mixed Use, offering flexibility for owner occupants or investors. Neighborhood Perks: Surrounded by retail, restaurants, and public transit. Minutes from downtown Cicero and easy access to Chicago. Strong foot traffic and local clientele base. Ideal for entrepreneurs looking to live and work in one place.
Full Property Details
Full Property Details for 5507 W Cermak Rd
General
- Price: $349,900
- Taxes: $8,405 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12544569
- Updated: 1/13/2026
- Added to Site: 3 day(s) ago
Interior
- Flooring: Vinyl, Wood
Additional Information
- Security/Safety: Other
Location
- Area: Cicero
- County: Cook
- Driving Directions: Cermak between Central and S 55th Ave. Property is on the south side of the street
- Location Details: Southwest Suburban
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Radiators
Structural Information
- Construction: Wood, Aluminum Siding
- Exterior Const.: Wood, Aluminum Siding
- Foundation: Concrete Perimeter
- Roof: Composition
- Sub-Flooring: Vinyl, Wood
- Stories/Levels: 3
- # of Stores: 1
- Year Built: 1913
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
- Units w/Refrigerators: 1
- Units w/Range/Oven: 1
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 3,270
- Lot Dimensions: 25 x 125
- Zoning: OTHER
Financial Considerations
- Insurance Fee: $278
- Security Deposit: Other
- Assessment Year: 1913
- Tax Amount: $8,405
- Tax Year: 2024
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 16281000170000
Listed by Standard Properties Group LLC
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Schools
Schools serving 5507 W Cermak Rd
School Districts:Cicero School District 99, J. Sterling Morton High School District 201
| Name | Grades | Distance |
|---|---|---|
Sherlock Elementary School 5347 West 22nd Place, Cicero, IL 60804 | PK-6 | 0.2 mi |
Unity Jr High School, Cicero, IL 2115 South 54th Avenue, Cicero, IL 60804 | 7-8 | 0.3 mi |
J Sterling Morton Freshman Center 1801 South 55th Avenue, Cicero, IL 60804 | 9- | 0.4 mi |
J Sterling Morton East High School 2423 South Austin Boulevard, Cicero, IL 60804 | 10-12 | 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 5507 W Cermak Rd
Date
Details
Price
Change
Source
1/12/2026
Listed
$349,900
249.9%
MLS
3/23/2017
Sold
$100,000
—
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 5507 W Cermak Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,119
34%
$23,999
74%
2022
$6,038
1%
$13,826
—
2021
$5,968
3%
$13,826
—
2020
$5,803
-9%
$13,826
6%
2019
$6,379
3%
$13,075
—
2018
$6,216
4%
$13,075
—
2017
$5,983
-10%
$13,075
-5%
2016
$6,624
1%
$13,804
—
2015
$6,546
4%
$13,804
—
2014
$6,308
17%
$13,804
5%
2013
$5,411
5%
$13,095
—
2012
$5,157
—
$13,095
—
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 5507 W Cermak Rd
5507 W Cermak Road, Cicero, IL 60804 (MLS# 12544569) is a Commercial property. 5507 W Cermak Road is currently listed for $349,900 and was received on January 12, 2026. Want to learn more about 5507 W Cermak Road? Do you have questions about finding other Commercial real estate for sale in Cicero? You can browse all Cicero real estate or contact a Coldwell Banker agent to request more information.

