2824 W Cermak Rd

Chicago, IL 60623

$699,000
Price
14
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listed By Compass
Listed By Compass

Description

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...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.

Property Details for 2824 West Cermak Road

Area
CHI - South Lawndale
Township
West Chicago
Zoning
MULTI
LISTING UPDATED: 07/17/2025 12:06 AM

Property Details for 2824 West Cermak Road

StatusActive
MLS #12398220
Days on Market211
Taxes$8,182 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1891
Lot Size0.07 AC / 3,025 SF
CountyCook County

Location

Listing Courtesy of: .

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Building Information for 2824 West Cermak Road

Stories3Residences6Year Built1891Building Size-Lot Size0.07 AC / 3,025 SF

Payment Calculator

$4,136 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,454

Property Taxes

$682

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2824 West Cermak Road

General Information
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Forced Air
  • # Of Refrigerators: 6
  • Num of Baths: 8.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 25X121
  • Stories: 3
  • Construction: Brick
  • # Of Ranges: 6
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 42
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $156.00
  • Fuel Expense: $.00
  • Gross Income: $89,700.00
  • Gross Scheduled Income: $89,720.00
  • Insurance Expense: $2,935.00
  • Maintenance Expense: $2,300.00
  • Expense Year: 2024
  • Total Annual Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Total Monthly Income: 7475
  • Net Operating Income: $72,000.00
  • Operating Expense: $17,699.00
  • Other Expense: $4,282.00
  • Trash Expense: $900.00
  • Water Sewer Expense: $2,913.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2824 West Cermak Road

DateEvent & SourcePriceAppreciation
Jul 11, 2025

Listed (Active)

MRED #12398220

$699,000—
Jan 10, 2019

Sold (Public Record)

Public Record #637435031

$530,000

+31.8% / yr

Jan 10, 2019

Sold

MRED #10093500

$530,000—
Nov 1, 2018

Pending

MRED #10093500

—
Sep 25, 2018

Listed (Active)

MRED #10093500

$595,000—
Mar 20, 2018

Cancelled

MRED #09809549

$549,000—
Nov 30, 2017

Listed (Active)

MRED #09809549

$549,000—
Feb 1, 2016

Sold

MRED #09100896

$235,000—
Jan 29, 2016

Sold (Public Record)

Public Record #565031987

$235,000

-3.3% / yr

Jan 5, 2016

Pending

MRED #09100896

—
Dec 11, 2015

Listed (Active)

MRED #09100896

$284,900—
Nov 16, 2015

Cancelled

MRED #09000608

$299,900—
Sep 25, 2015

Listed (Active)

MRED #09000608

$299,900—
May 5, 2012

Cancelled

MRED #07714885

$300,000—
Jan 20, 2011

Listed (Active)

MRED #07714885

$300,000—
Oct 19, 2010

Expired

MRED #07361072

$375,000—
Oct 19, 2009

Listed (Active)

MRED #07361072

$499,000—
Mar 2, 2004

Sold (Public Record)

Public Record #132455915

$350,000—
DateEvent & SourcePrice
07/11/2025

Listed (Active)

MRED #12398220

$699,000
01/10/2019

Sold (Public Record)

Public Record #637435031

$530,000

+31.8% / yr

01/10/2019

Sold

MRED #10093500

$530,000
11/01/2018

Pending

MRED #10093500

—
09/25/2018

Listed (Active)

MRED #10093500

$595,000
03/20/2018

Cancelled

MRED #09809549

$549,000
11/30/2017

Listed (Active)

MRED #09809549

$549,000
02/01/2016

Sold

MRED #09100896

$235,000
01/29/2016

Sold (Public Record)

Public Record #565031987

$235,000

-3.3% / yr

01/05/2016

Pending

MRED #09100896

—
12/11/2015

Listed (Active)

MRED #09100896

$284,900
11/16/2015

Cancelled

MRED #09000608

$299,900
09/25/2015

Listed (Active)

MRED #09000608

$299,900
05/05/2012

Cancelled

MRED #07714885

$300,000
01/20/2011

Listed (Active)

MRED #07714885

$300,000
10/19/2010

Expired

MRED #07361072

$375,000
10/19/2009

Listed (Active)

MRED #07361072

$499,000
03/02/2004

Sold (Public Record)

Public Record #132455915

$350,000

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

Public Records for 2824 West Cermak Road

Taxable ValueLand$3,583Additions$35,130Total$38,713
Tax Record2023$8,168 ($681 / month)
Home Facts
Baths3Total Finished SqFt4,527 SqFtAbove Grade Finished SqFt4,527 SqFtStories3Lot Size3,050 SqFtStyleMulti-Family Res (5+ Units)Year Built1891CountyCOOKAPN16-24-315-029

Schools near 2824 West Cermak Road

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Hammond Elementary School
Public - PK to 8
Farragut Career Academy High School
Public - 9 to 12
Latino Youth Alternative High School
Charter - 9 to 12
Saucedo Elementary Scholastic Academy
Public - PK 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

Saucedo Elementary Scholastic Academy
PublicPK 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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More information about 2824 West Cermak Road, Chicago, IL 60623

2824 West Cermak Road is a multi-family home for sale in Chicago, IL 60623. This property was listed for sale on July 11, 2025 by Compass, it's currently listed at $699,000. It has been on the market for a total of 211 days and was last sold on January 10, 2019. This listing's school district is Chicago Public Schools. Nearby schools include Hammond Elementary School, Farragut Career Academy High School and Latino Youth Alternative High School. 2824 West Cermak Road is a 14-bed, 8-bath, multi-family home built in 1891.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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 07/17/2025 12:06 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.