3142 W Cermak Road Chicago, IL ^$ 995,000

3142 W Cermak Road

^$ 995,000

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Recently Listed

3142 W Cermak Road

Chicago, IL, 60623

^$ 995,000

Bedrooms-- Baths-- Sq 7,496

Monthly Estimate*

^$ 6,126

3142 W Cermak Road, Chicago, IL 60623 - Image 1

3142 W Cermak Road, Chicago, IL 60623 - Image 2

3142 W Cermak Road, Chicago, IL 60623 - Image 3

3142 W Cermak Road, Chicago, IL 60623 - Image 4

3142 W Cermak Road, Chicago, IL 60623 - Image 5

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3142 W Cermak Road, Chicago, IL 60623 - Image 7

3142 W Cermak Road, Chicago, IL 60623 - Image 8

3142 W Cermak Road, Chicago, IL 60623 - Image 9

3142 W Cermak Road, Chicago, IL 60623 - Image 10

3142 W Cermak Road, Chicago, IL 60623 - Image 11

Commercial Property for sale in Chicago, IL

for $995,000. This 7,496 square foot building was built in 1894 on a lot size of 0.073554.

Beautiful large Greystone building that has been fully renovated and meticulously maintained. The property is currently fully occupied with a great mix of units including two 2bed/1bath units, two 3bed/1bath units and the top floor non-conforming unit encompasses the entire floor and is built-out as with 6 separate private bedrooms, 3 showers, 3 private bathrooms, a large kitchen and living room. There is a garage in the rear of the property generating additional income.

Commercial Active

Price

^$ 995,000

Property Type

Commercial

Taxes

^$ 9,880

Style

Lot Size

0.073554

Year Built

1894

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12644637

Features

General

Cooling Central Air Central Individual Window Unit(s)

Zoning COMMR

Construction Materials Brick Stone

Year Built 1894

Electric Circuit Breakers Separate Meters

Tenant Pays Electricity Heat Varies by Tenant

Stories Count 4

Township West Chicago

Property Subtype Mixed Use

Tax Year 2024

Gross Income 135600

County Cook

Net Operating Income 92859

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Status New

Directions Cermak & Kedzie - east to 3142 on the North Side of the Street

City Chicago

Number Of Units Total 7

MLS Area CHI - South Lawndale

Lot Size Square Feet 3204

Tax Annual Amount 9880.91

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Cap Rate 9.33

Exterior

Building Area Total 7496

Lot Dimensions 25 X 128

* Excluded Features

List By

Sperry Van Ness

Broker

angelo.labriola@svn.com

Affordability Calculator

$6,950

Per Month

Monthly Principal & Interest: $6,126
Monthly Property Taxes: $823
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$974,367

Percent of Sale Price 2%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/11/2026	$995,000		Listed Price

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3142 W Cermak Road, Chicago, IL, 60623 is a Commercial Property for sale at $995,000 with 7,496 sqft and a lot size of 0.073554. 3142 W Cermak Road was built in 1894. The property's zip code is 60623 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/16/2026.

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3142 W Cermak Road

Commercial Property for sale in Chicago, IL

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