6117 Cermak Rd

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

Description

Check out this stunning mixed use building in a fantastic Cicero location. This building features sixteen studios, eight 1 bed/1 bath units, and 3 commercial store front spaces. This stable, well managed property also on site laundry, and it is well located on the busy Cermak Avenue corridor on the eastern edge of Berwyn. This is truly an armchair investment, so if you are looking for a cash flowing vintage building in a dynamic location then this is the one for youCheck out this stunning mixed use building in a fantastic Cicero location. This building features sixteen studios, eight 1 bed/1 bath units, and 3 commercial store front spaces. This stable, well managed property also on site laundry, and it is well located on the busy Cermak Avenue corridor on the eastern edge of Berwyn. This is truly an armchair investment, so if you are looking for a cash flowing vintage building in a dynamic location then this is the one for you
  1. Listed by John Warren • Second City Real Estate
    P: (708)-315-7310 C: (708)-315-7310 Jwarrenbroker@gmail.com

Sold By Lofty LLC

Property Details for 6117 Cermak Road

Area
Cicero
Num Of Parking Spaces
0.0
Zoning
MULTI
LISTING CLOSED: 06/17/2021 12:00 AM

Property Details for 6117 Cermak Road

StatusClosed
MLS #11021507
Days on Market16
Taxes$50,013 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1928
Lot Size0.14 AC / 6,000 SF
CountyCook County

Location

Add your commute

Building Information for 6117 Cermak Road

Stories3Residences27Year Built1928Building Size-Lot Size0.14 AC / 6,000 SF

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$13,622 per month

30 year fixed, 6.55% Interest

Principal and Interest

$9,454

Property Taxes

$4,168

HOA Dues

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Property Information for 6117 Cermak Road

General Information
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 27.0
Property/Lot Information
  • Tenant Pays: Electricity, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 60X100
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 16
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 27
Income & Expenses
  • Electric Expense: $906.00
  • Fuel Expense: $8,345.00
  • Gross Income: $277,791.00
  • Gross Scheduled Income: $277,791.00
  • Insurance Expense: $10,269.00
  • Maintenance Expense: $.00
  • Total Annual Expense Source: Combination
  • Janitor Expense: 0
  • Total Monthly Income: 23149
  • Net Operating Income: $144,892.00
  • Operating Expense: $132,900.00
  • Other Expense: $.00
  • Trash Expense: $1,951.00
  • Water Sewer Expense: $11,056.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 16
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 8
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
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 6117 Cermak Road

DateEvent & SourcePriceAppreciation
Jun 17, 2021

Sold

MRED #11021507

$1,860,000
Mar 30, 2021

Pending

MRED #11021507

Mar 15, 2021

Listed (Active)

MRED #11021507

$1,885,000
DateEvent & SourcePrice
06/17/2021

Sold

MRED #11021507

$1,860,000
03/30/2021

Pending

MRED #11021507

03/15/2021

Listed (Active)

MRED #11021507

$1,885,000

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

Schools near 6117 Cermak Road

This home is within J S Morton Hsd 201 School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9
Public - 10 to 12
Rating
School
Distance
Goodwin Elementary School
PublicPK to 6

Unity Jr High School
Public7 to 8

J Sterling Morton Freshman Center
Public9

J Sterling Morton East High School
Public10 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 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 Second City Real Estate

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 08/03/2023 12:39 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.