1 E Cermak Rd Chicago, IL 60616
South Loop NeighborhoodEstimated payment $9,053/month
About This Lot
1 E. CERMAK ROAD is a 15,410 square foot development site is available for sale. This site is located in an Opportunity Zone. Under its current zoning, the property could be developed as retail, a mixed-use TOD building, an office and more. The site is close to the 62-acre riverfront development known as "The 78", which is now planned to be developed as a soccer stadium for the Chicago Fire, it is possible that an intermediate use would be parking. McCormick Place, Wintrust Arena, historic Motor Row, Chinatown and a several new and exciting developments and rehabs.
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,786
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 110x107.25
- Additional Parcels
- Property is zoned COMMR
Utilities
- Electricity To Lot Line
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $12,143 | $994,566 | $460,006 | $534,560 |
| 2025 | $12,143 | $975,066 | $450,987 | $524,079 |
| 2024 | $11,981 | $955,948 | $442,145 | $513,803 |
| 2023 | $11,758 | $937,205 | $433,476 | $503,729 |
| 2022 | $11,223 | $918,829 | $424,977 | $493,852 |
| 2021 | $11,075 | $900,814 | $416,645 | $484,169 |
| 2019 | $10,750 | $874,097 | $404,288 | $469,809 |
| 2018 | $10,679 | $856,959 | $396,361 | $460,598 |
| 2016 | $10,202 | $823,684 | $380,971 | $442,713 |
| 2015 | $10,056 | $811,313 | $375,249 | $436,064 |
| 2014 | $10,094 | $795,422 | $367,899 | $427,523 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $1,500,000 | +144.7% | -- | |
| 03/08/2020 03/08/20 | Off Market | $613,107 | -- | -- | |
| 12/04/2019 12/04/19 | Sold | $613,107 | +104.4% | -- | View Prior Sale |
| 10/31/2019 10/31/19 | Price Changed | $300,000 | 0.0% | -- | |
| 10/28/2019 10/28/19 | Pending | -- | -- | -- | |
| 09/09/2019 09/09/19 | For Sale | $300,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12434064
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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