2824 W CERMAK Road Chicago, IL $ 699,000
2824 W CERMAK Road
$ 699,000
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2824 W CERMAK Road

Chicago, IL, 60623
$ 699,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 4,361

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Multi-Family Home for sale in Chicago, IL

for $699,000 with 5 bedrooms. This home was built in 1891.

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.

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Multi-Family Active

Price

$ 699,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 8,182

Style

Multi-Family

Year Built

1891

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12398220

Features
General
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1891
Tenant Pays Electricity Heat
Stories Count 3
Township West Chicago
Tax Year 2023
Current Use Multi-Family
Gross Income 89700
County Cook
Net Operating Income 72000
Operating Expense 17699
Insurance Expense 2935
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2300
Possible Use Multi-Family
Status Active
Directions CALIFORNIA AVE TO CERMAK THEN WEST
City Chicago
Number Of Units Total 6
MLS Area CHI - South Lawndale
Tax Annual Amount 8182.06
Electric Expense 156
Fuel Expense 0
Trash Expense 900
Water Sewer Expense 2913
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 25X121
Frontage Type City Street
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* Excluded Features
List By
Compass

Broker

nigel.gillett@gmail.com;Nigel.gillett@compass.com

Email

Affordability Calculator

$5,043
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,361
Monthly Property Taxes
$682
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/11/2025$699,000 Listed Price

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2824 W CERMAK Road, Chicago, IL, 60623 is a Multi-Family Home for sale at $699,000. 2824 W CERMAK Road has 5 bedrooms, 0.0 baths, and was built in 1891. The property's zip code is 60623 which is in Chicago, IL