N
Seller's Agent in 2026
Nigel Gillett
Compass
(773) 895-8314
1 in this area
36 Total Sales
2824 W Cermak Rd Chicago, IL 60623
Little Village Neighborhood
--
Bed
--
Bath
4,527
Sq Ft
1891
Built
About This Home
As of May 2026This 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.
Last Buyer's Agent
@properties Christie's International Real Estate License #475174871
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
Listing and Financial Details
- Tenant pays for electricity, heat
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
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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 |
|---|---|---|---|---|---|
| 05/01/2026 05/01/26 | Sold | $675,000 | -3.4% | $149 / Sq Ft | |
| 03/06/2026 03/06/26 | Pending | -- | -- | -- | |
| 07/11/2025 07/11/25 | For Sale | $699,000 | +31.9% | $154 / Sq Ft | |
| 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)
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 | $8,168 | $43,085 | $4,423 | $38,662 |
| 2024 | $8,168 | $43,085 | $4,423 | $38,662 |
| 2023 | $7,963 | $38,714 | $3,584 | $35,130 |
| 2022 | $7,963 | $38,714 | $3,584 | $35,130 |
| 2021 | $7,785 | $38,713 | $3,583 | $35,130 |
| 2020 | $4,908 | $22,031 | $3,583 | $18,448 |
| 2019 | $5,147 | $25,618 | $3,583 | $22,035 |
| 2018 | $5,060 | $25,618 | $3,583 | $22,035 |
| 2017 | $4,875 | $22,646 | $3,202 | $19,444 |
| 2016 | $4,536 | $22,646 | $3,202 | $19,444 |
| 2015 | $4,150 | $22,646 | $3,202 | $19,444 |
| 2014 | $3,485 | $18,785 | $3,050 | $15,735 |
| 2013 | $3,417 | $18,785 | $3,050 | $15,735 |
Source: Public Records
Agents Affiliated with this Home
-
Nigel Gillett
-
Trish San Juan
Buyer's Agent in 2026
Trish San Juan
@ Properties
(847) 370-2845
1 in this area
86 Total Sales
-
Vincent Geraci
Seller's Agent in 2019
Vincent Geraci
Vista Group Realty Inc
(773) 697-3030
1 Total Sale
-
Adam Rodriguez
Seller's Agent in 2016
Adam Rodriguez
Re/Max Premier
(708) 246-6300
2 in this area
156 Total Sales
-
D
Buyer's Agent in 2016
Dominick Geraci
Vista Group Realty Inc
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12398220
APN: 16243150290000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website.
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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