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1 E Cermak Road Chicago, IL $ 1,500,000
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$ 1,500,000 Get more info
1 E Cermak Road
$ 1,500,000
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Share Save

1 E Cermak Road

Chicago, IL, 60616
$ 1,500,000
Baths0.0

Monthly Estimate*

$ 9,358

1 E Cermak Road, Chicago, IL 60616 - Image 1
1 E Cermak Road, Chicago, IL 60616 - Image 2
1 E Cermak Road, Chicago, IL 60616 - Image 3
Studio

Lots and Land for sale in Chicago, IL

for $1,500,000. The lot size is 0.07.

1 E. CERMAK ROAD is a 15,410 square foot development site is available for sale. This site is located in an Opportunity Zone. Under its current zoning, the property could be developed as retail, a mixed-use TOD building, an office and more. The site is close to the 62-acre riverfront development known as "The 78", which is now planned to be developed as a soccer stadium for the Chicago Fire, it is possible that an intermediate use would be parking. McCormick Place, Wintrust Arena, historic Motor Row, Chinatown and a several new and exciting developments and rehabs.

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Lots and Land Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 9,786

Style

Lot Size

0.07

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12434064
Features
General
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available
Possession Closing
Zoning COMMR
Township South Chicago
Tax Year 2023
Ownership Fee Simple
Additional Parcels Description 17271000020000
County Cook
Property Type Land Land
Status Re-activated
Directions At southeast corner of Cermak and State
City Chicago
High School District 299
MLS Area CHI - Near South Side
Tax Annual Amount 9786.15
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Exterior
Total Parking 0
Lot Dimensions 110x107.25
Lot Size Acres 0.07
Road Surface Type Asphalt
Frontage Length 110
Frontage Type City Street
Waterfront Y/N N
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Interior
Total Baths 0
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* Excluded Features
List By
Millennium Properties Re, Inc.

Broker

dhyman@mpirealestate.com

Email

Affordability Calculator

$10,174
Per Month
92%
8%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
$816
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
566059 Elementary School
566846 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/31/2025$0 Listed Price

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1 E Cermak Road, Chicago, IL, 60616 is a Lots and Land for sale at $1,500,000 with a lot size of 0.07. 1 E Cermak Road is a studio with 0.0 baths. The property's zip code is 60616 which is in Chicago, IL

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