2824 W Cermak Rd Chicago, IL 60623
Little Village NeighborhoodEstimated payment $4,388/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,182
Year Built
- Built in 1891
Home Design
- Brick Exterior Construction
Additional Features
- 3-Story Property
- Lot Dimensions are 25x121
- Forced Air Heating System
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $156
- Insurance Expense $2,935
- Maintenance Expense $2,300
- Other Expense $4,282
- Trash Expense $900
- Water Sewer Expense $2,913
- Operating Expense $17,699
- Gross Income $89,700
- Net Operating Income $72,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/11/2025 07/11/25 | For Sale | $699,000 | +31.9% | -- | |
| 01/10/2019 01/10/19 | Sold | $530,000 | -10.9% | -- | View Prior Sale |
| 11/01/2018 11/01/18 | Pending | -- | -- | -- | |
| 09/25/2018 09/25/18 | For Sale | $595,000 | +153.2% | -- | |
| 02/01/2016 02/01/16 | Sold | $235,000 | -17.5% | -- | View Prior Sale |
| 01/05/2016 01/05/16 | Pending | -- | -- | -- | |
| 12/11/2015 12/11/15 | For Sale | $284,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12398220
APN: 16243150290000
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