2754-56 W Cermak Rd

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This property has been updated, leased up, and sits in a great location with solid retail tenants. There are a total of 8 residential units and 4 retail storefronts. Most of the rehabbed residential units have newer hot water tanks, furnaces, and HVAC. All units are individually metered for gas and electric. There is no off street parking, or laundry on site (opportunity to add). There are four great retail tenants which include a new restaurant, a tailor, a shoe repair, both of which have been long...This property has been updated, leased up, and sits in a great location with solid retail tenants. There are a total of 8 residential units and 4 retail storefronts. Most of the rehabbed residential units have newer hot water tanks, furnaces, and HVAC. All units are individually metered for gas and electric. There is no off street parking, or laundry on site (opportunity to add). There are four great retail tenants which include a new restaurant, a tailor, a shoe repair, both of which have been long time occupants, and a dentist office as the anchor tenant. Located near the Little Village neighborhood to the southwest of downtown Chicago. The building is very close to public transportation, Douglas park, two hospitals, shopping and restaurants. Its located in a very busy area with lots of commercial businesses, high vehicle traffic, and local foot traffic.
  1. Listed by Dhereck • 33 Realty
    P: (773)-587-4304 dhereck.gomez@33realty.com

Sold By Mode Realty

Property Details for 2754-56 West Cermak Road

Area
CHI - South Lawndale
Township
NORTH CHICAGO
Air Conditioning Type
None
Zoning
COMMR
LISTING CLOSED: 02/01/2017 12:00 AM

Property Details for 2754-56 West Cermak Road

StatusClosed
MLS #09492250
Days on Market1
Taxes$17,500 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1901
Lot Size0.29 AC / 12,500 SF
CountyCook County
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Building Information for 2754-56 West Cermak Road

Stories3Residences12Year Built1901Building Size-Lot Size0.29 AC / 12,500 SF

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Property Information for 2754-56 West Cermak Road

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Information: 24-Hr Notice Required,Listing Agent Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Basement Description: Cellar
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 9
  • Num of Baths: 14.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 50 X 250
  • Lot Size Square Feet: 12500.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • # Of Ranges: 9
Property and Assessments
  • Photos Count: 9
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $2,700.00
  • Fuel Expense: $.00
  • Gross Income: $14,293.00
  • Gross Scheduled Income: $136,584.00
  • Insurance Expense: $5,700.00
  • Maintenance Expense: $6,000.00
  • Electric Expense Source: Broker Projection
  • Expense Year: 2015
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 6000
  • Net Operating Income Year: 2011
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 11382
  • Water Expense Source: Broker Projection
  • Net Operating Income: $10,600.00
  • Operating Expense: $44,640.00
  • Other Expense: $6,000.00
  • Trash Expense: $3,300.00
  • Water Sewer Expense: $3,000.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 5
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 2
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1

Property History for 2754-56 West Cermak Road

DateEvent & SourcePriceAppreciation
Feb 1, 2017

Sold

MRED #09492250

$860,000
Feb 1, 2017

Pending

MRED #09492250

Feb 1, 2017

Listed (Active)

MRED #09492250

$860,000
DateEvent & SourcePrice
02/01/2017

Sold

MRED #09492250

$860,000
02/01/2017

Pending

MRED #09492250

02/01/2017

Listed (Active)

MRED #09492250

$860,000

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

Schools near 2754-56 West Cermak Road

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

Farragut Career Academy High School
Public9 to 12

Latino Youth Alternative High School
Charter9 to 12

Acero Charter Network - Octavio Paz
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.

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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 33 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 02/01/2017 03:28 PM. 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.