2824 W Cermak Rd

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

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.

Listing Agent

  1. Nigel Gillett

    Nigel Gillett

    Listing Agent

    Compass

    nigel.gillett@compass.com

    P: (773)-895-8314

Property Details for 2824 West Cermak Road

Area
CHI - South Lawndale
Township
West Chicago
Zoning
MULTI
LISTING UPDATED: 03/07/2026 09:49 AM

Property Details for 2824 West Cermak Road

StatusContingent
MLS #12398220
Days on Market258
Taxes$8,182 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1891
Lot Size0.07 AC / 3,025 SF
CountyCook County
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Building Information for 2824 West Cermak Road

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

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30 year fixed, 6.46% Interest

Principal and Interest

$3,520

Property Taxes

$682

HOA Dues

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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
  • Exterior Building Type: Brick
  • 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
Mar 6, 2026

Contingent

MRED #12398220

Jul 11, 2025

Listed (Active)

MRED #12398220

$699,000
Jan 10, 2019

Sold (Public Record)

Public Record #637435031

$530,000

+31.8% / yr

DateEvent & SourcePrice
03/06/2026

Contingent

MRED #12398220

07/11/2025

Listed (Active)

MRED #12398220

$699,000
01/10/2019

Sold (Public Record)

Public Record #637435031

$530,000

+31.8% / yr

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
Public - PK to 8
Public - 9 to 12
Charter - 7 to 12
Public - 6 to 12
Rating
School
Distance
Hammond Elementary School
PublicPK to 8

Farragut Career Academy High School
Public9 to 12

Art in Motion Charter School
Charter7 to 12

Jefferson Alt High School
Public6 to 12

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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 03/07/2026 09:49 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.