Sold
Last Sold Price
1941 W Cermak Rd, Chicago, IL 60608
Mixed UseProperty Type
5,952 sq ftLot Size
1922Year Built

Description

Start dreaming again! (Buy or Lease) This mixed use building in Pilsen Historic District has loads of potential for your next business! Just a 4 minute walk from Damen Pink line CTA this building has two 3 bed/1 bath apartments above and each have a spacious backyard WITH 2 car garage! The commercial space on first floor can be divided into two spaces with each having roughly 1,000 sqft of first floor space, while one unit has finished basement and the other is unfinished. Possible businesses are:...Start dreaming again! (Buy or Lease) This mixed use building in Pilsen Historic District has loads of potential for your next business! Just a 4 minute walk from Damen Pink line CTA this building has two 3 bed/1 bath apartments above and each have a spacious backyard WITH 2 car garage! The commercial space on first floor can be divided into two spaces with each having roughly 1,000 sqft of first floor space, while one unit has finished basement and the other is unfinished. Possible businesses are: restaurants, medical office/labs, cell phone store, shopping, and more. Buy the building, start your business, and collect rental income and or live in the apartments above. Book your showing today! (Building address is 1941-1943 W Cermak, tax address is 1935 W Cermak)

    Sold By Dream Town Realty

    • Listed by: David 312.841.6534 cole.parleir@redfin.com • Kale Realty
    Listing closed: 08/02/2017 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09503067

    Recent comparable sales

    Median sold price

    $405,000

    Avg days on market

    67

    Sale-to-list ratio

    88.0%

    Chicago, IL

    9 comparable properties found

    $380,000 | 2301 West Cermak Road, Chicago, IL 60608
    1/25
    1

    $380,000

    Sold 01/08/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $429,000 | 2826 West Cermak Road, Chicago, IL 60623
    1/33
    2

    $429,000

    Sold 07/11/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $343,000 | 3556 South Ashland Avenue, Chicago, IL 60609
    1/40
    3

    $343,000

    Sold 06/08/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.10
    Acres
    a front view of a building
    1/12
    4

    $405,000

    Sold 12/12/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a building
    1/8
    5

    $451,000

    Sold 01/28/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.08
    Acres
    a view of a building with door
    1/26
    6

    $450,000

    Sold 06/05/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.06
    Acres
    $450,000 | 3115 South Archer Avenue, Chicago, IL 60608
    1/4
    7

    $450,000

    Sold 01/13/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.05
    Acres
    $400,000 | 3827 South Archer Avenue, Chicago, IL 60632
    1/40
    8

    $400,000

    Sold 02/19/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.06
    Acres
    a car parked in front of a building
    1/16
    9

    $379,000

    Sold 12/20/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.13
    Acres

    Location

    Add your commute

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    $2,829 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $1,830

    Property Taxes

    $1,000

    HOA Dues

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    Property Information for 1941 West Cermak Road

    Property Details
    • Taxes: $11,994 / year
    • MLS Type: Commercial Sale
    • County: Cook County
    • Area: CHI - Lower West Side
    • Township: WEST CHICAGO
    • Air Conditioning Type: Central Air
    • Zoning: COMMR
    Building Information
    • Stories: 2
    • Residences: 4
    • Year Built: 1922
    • Lot Size: 0.14 AC / 5,952 SF
    General Information
    Addtl Parking Information
    • Indoor Parking: 1-5 Spaces
    • Outdoor Parking: None On Site
    Location and General Information
    • Frontage Type: City Street
    • Geographic Locale: Chicago Southwest
    • Information: 24-Hr Notice Required
    Taxes and HOA Information
    • Additional Parcels: Yes
    Property Information
    Interior Features
    • Air Conditioning: Central Air
    • Heat/Ventilation: Forced Air,Gas
    • Num of Baths: 0.0
    Exterior Features
    • # Of Apts: 2
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Electricity, Heat
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Lot Dimensions: 48X148
    • Lot Size Square Feet: 5952.0
    • Stories: 2
    • Exterior Building Type: Brick
    • Construction: Brick
    • Roof Structure: Flat
    • Building Area Total: 10752
    • # Of Offices: 0
    • # Of Stores: 2
    Property and Assessments
    • Possible Use: Commercial, Office and Research, Retail
    • Docks: None
    • Photos Count: 23
    Miscellaneous
    • Location: Mixed Use Area,Public Transport Avail
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 4
    Income & Expenses
    • Electric Expense: $.00
    • Fuel Expense: $.00
    • Gross Income: $50,400.00
    • Gross Scheduled Income: $50,400.00
    • Insurance Expense: $2,500.00
    • Electric Expense Source: Owner Projection
    • Expense Year: 2016
    • Total Annual Expense Source: Owner Projection
    • Fuel Expense Source: Owner Projection
    • Insurance Expense Source: Owner Projection
    • Net Operating Income Year: 2016
    • Other Expense Source: Owner Projection
    • Trash Expense Source: Owner Projection
    • Total Monthly Income: 4200
    • Water Expense Source: Owner Projection
    • Net Operating Income: $3,895.00
    • Operating Expense: $3,650.00
    • Other Expense: $.00
    • Trash Expense: $500.00
    • Water Sewer Expense: $650.00

    Property History for 1941 West Cermak Road

    DateEvent & SourcePriceAppreciation
    Aug 2, 2017

    Sold

    MRED #09503067

    $360,000
    May 5, 2017

    Pending

    MRED #09503067

    May 2, 2017

    Listed (Active)

    MRED #09503067

    $449,000
    DateEvent & SourcePrice
    08/02/2017

    Sold

    MRED #09503067

    $360,000
    05/05/2017

    Pending

    MRED #09503067

    05/02/2017

    Listed (Active)

    MRED #09503067

    $449,000

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Schools near 1941 West Cermak Road

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 8
    Public - 9 to 12
    Public - PK to 8
    Charter - K to 8
    Rating
    School
    Distance
    Whittier Elementary School
    PublicPK to 8

    Juarez Community Academy High School
    Public9 to 12

    Orozco Elementary Fine Arts & Sciences
    PublicPK to 8

    Acero Charter - Bartolome De Las Casas
    CharterK to 8

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

    Neighborhood Map and Transit

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 1941 West Cermak Road, Chicago, IL 60608
    $360,000
    5,952
    5,376
    2,976
    $250,000
    2,962
    5,376
    2,976
    2,280
    $540,000
    2
    1,408
    3,175

    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Kale Realty

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/03/2017 11:24 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.