2228 W Cermak Rd Chicago, IL 60608
Heart of Chicago NeighborhoodEstimated payment $5,686/month
About This Home
Recently Gut Rehabbed 3-unit Investment Property. Each unit is 3 bed/2bath with modern kitchens and bathrooms, in-unit laundry, and a two-car garage out back. The top and bottom units are rented and bring in $3,950 in rental income. Perfect for owner-occupant or investor.
Listing Agent
Fulton Grace Realty Brokerage Email: lawrence@fultongrace.com License #475164126 Listed on: 11/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,815
Year Built
- Built in 1890
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 25x125
Parking
- 2 Car Garage
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Bathrooms
Utilities
- No Heating
- Lake Michigan Water
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $11,815 | $54,001 | $11,563 | $42,438 |
| 2024 | $11,815 | $54,001 | $11,563 | $42,438 |
| 2023 | $11,518 | $56,000 | $9,375 | $46,625 |
| 2022 | $11,518 | $56,000 | $9,375 | $46,625 |
| 2021 | $11,261 | $56,000 | $9,375 | $46,625 |
| 2020 | $6,088 | $27,328 | $7,343 | $19,985 |
| 2019 | $6,311 | $31,412 | $7,343 | $24,069 |
| 2018 | $6,205 | $31,412 | $7,343 | $24,069 |
| 2017 | $5,837 | $30,489 | $6,406 | $24,083 |
| 2016 | $5,606 | $30,489 | $6,406 | $24,083 |
| 2015 | $5,106 | $30,489 | $6,406 | $24,083 |
| 2014 | $4,144 | $24,905 | $5,625 | $19,280 |
| 2013 | $4,051 | $24,905 | $5,625 | $19,280 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/01/2025 11/01/25 | For Sale | $899,000 | +12.4% | -- | |
| 09/24/2018 09/24/18 | Sold | $800,000 | 0.0% | $267 / Sq Ft | View Prior Sale |
| 08/15/2018 08/15/18 | Pending | -- | -- | -- | |
| 08/14/2018 08/14/18 | Off Market | $800,000 | -- | -- | |
| 08/14/2018 08/14/18 | For Sale | $800,000 | -- | $267 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12509159
APN: 17193230370000
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