Seller's Agent in 2022
Megan Wood
Compass
(773) 273-9581
1 in this area
156 Total Sales
2822 W Cermak Rd Chicago, IL 60623
Little Village NeighborhoodEstimated Value: $277,245 - $350,000
2
Beds
2
Baths
1,648
Sq Ft
$188/Sq Ft
Est. Value
Highlights
- 2 Car Detached Garage
- 4-minute walk to California Station (Pink Line)
- Forced Air Heating System
- Living Room
About This Home
As of May 2022Unique opportunity in one of Chicago's fastest growing neighborhoods. Brick 2 story building with lots of possibilities. Currently utilized as income property with recently rehabbed 1st floor 2 bedroom apartment, bringing in up to $3,500/month. Rehab the building to create another income suite in the garden unit, duplex up the main floor to the attic (plumbed for bathroom), create a second floor addition, or tear down and maximize the full B3-2 zoning- the possibilities are endless! Take advantage of this high traffic zone! Newer brick 2 car garage, roof on side bay window replaced in 2021, new gutters in 2019, 1st floor electrical updated in 2019. Great location with good Cermak exposure. Wide Lot- 27x121. Close to the California pink line and CTA busses, expressways and steps to restaurants and other businesses. Rent roll available upon request. Tenants in place, so notice is needed for showing. Sold As-Is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,542
Year Built
- Built in 1895
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 27x121
Parking
- 2 Car Detached Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Living Room
- Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 17, 2024
Sold by
Xichu Investments
Bought by
Chicago Title Land Trust
Current Estimated Value
Purchase Details
Closed on
Sep 19, 2023
Sold by
Chicago Title Land Trust Co
Bought by
Xichu Investments
Purchase Details
Listed on
Mar 24, 2022
Closed on
Jul 8, 2022
Sold by
Ruiz Maria Felix
Bought by
Chicago Title Land Trust
Seller's Agent
Megan Wood
Compass
Buyer's Agent
Virginia Gonzalez
Village Realty, Inc.
List Price
$215,000
Sold Price
$230,000
Premium/Discount to List
$15,000
6.98%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%
Purchase Details
Listed on
May 18, 2016
Closed on
Dec 10, 2018
Sold by
2822 W Cermak Llc
Bought by
Manning Marc and Gurzhiy Elena
Seller's Agent
Jarek Jastrzebski
eXp Realty
Buyer's Agent
Megan Wood
Compass
List Price
$99,500
Sold Price
$75,000
Premium/Discount to List
-$24,500
-24.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.12%
Purchase Details
Closed on
Feb 27, 2006
Sold by
Brito Aureliano and Brito Reyna
Bought by
2822 W Cermak Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chicago Title Land Trust | -- | Chicago Title | |
| Xichu Investments | -- | None Listed On Document | |
| Chicago Title Land Trust | -- | None Listed On Document | |
| Manning Marc | $75,000 | Attorney | |
| 2822 W Cermak Llc | $230,000 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 2822 W Cermak Llc | $185,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/31/2022 05/31/22 | Sold | $230,000 | +7.0% | $140 / Sq Ft | |
| 04/07/2022 04/07/22 | Pending | -- | -- | -- | |
| 03/24/2022 03/24/22 | For Sale | $215,000 | +186.7% | $130 / Sq Ft | |
| 12/11/2018 12/11/18 | Sold | $75,000 | -24.6% | $46 / Sq Ft | View Prior Sale |
| 06/10/2016 06/10/16 | Pending | -- | -- | -- | |
| 05/18/2016 05/18/16 | For Sale | $99,500 | -- | $60 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $3,165 | $27,001 | $4,423 | $22,578 |
| 2023 | $3,085 | $15,000 | $3,584 | $11,416 |
| 2022 | $3,085 | $15,000 | $3,584 | $11,416 |
| 2021 | $3,016 | $14,999 | $3,583 | $11,416 |
| 2020 | $3,542 | $15,900 | $3,583 | $12,317 |
| 2019 | $3,630 | $18,069 | $3,583 | $14,486 |
| 2018 | $3,881 | $19,648 | $3,583 | $16,065 |
| 2017 | $3,853 | $17,899 | $3,202 | $14,697 |
| 2016 | $3,585 | $17,899 | $3,202 | $14,697 |
| 2015 | $3,280 | $17,899 | $3,202 | $14,697 |
| 2014 | $3,195 | $17,219 | $3,050 | $14,169 |
| 2013 | $3,132 | $17,219 | $3,050 | $14,169 |
Source: Public Records
Agents Affiliated with this Home
-
Megan Wood
-
Russell Burton
R
Seller Co-Listing Agent in 2022
Russell Burton
Compass
(773) 710-1027
1 in this area
124 Total Sales
-
Virginia Gonzalez
Buyer's Agent in 2022
Virginia Gonzalez
Village Realty, Inc.
(773) 562-5149
1 in this area
36 Total Sales
-
Jarek Jastrzebski
Seller's Agent in 2018
Jarek Jastrzebski
eXp Realty
(224) 628-3976
116 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11338711
APN: 16-24-315-030-0000
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