4122 W Cermak Rd Chicago, IL 60623
North Lawndale NeighborhoodEstimated payment $2,582/month
About This Home
Step into this timeless Chicago 3-flat, where stunning original woodwork meets thoughtful modern upgrades. Perfect for both investors and owner-occupants, the property features two tenant-occupied units and one owner-occupied unit. Garden & 1st Floor Units: Each with 2 bedrooms and 1 full bath 2nd Floor Unit: 3 spacious bedrooms and 1 full bath The building offers plenty of charm with large storage space in the basement and convenient mud rooms off the back staircases for the above-ground units. Each apartment includes a unique built-in wooden shelf that opens into a generous kitchen pantry, while the 1st and 2nd floors also boast beautiful built-in dining room hutches with glass cabinetry. Throughout the building, you'll find original wood doorways, doors, and windows that showcase the craftsmanship of a true Chicago classic. Recent updates bring peace of mind, including a new roof (2021), updated plumbing (2020), and new flooring. Situated just steps from the Pink Line and the bustling intersection of Pulaski & Cermak, this property offers unmatched convenience to transit, shopping, dining, and more. With strong rental income potential and undeniable historic charm, this 3-flat is a rare opportunity to grow your portfolio or enjoy the benefits of multi-unit living in the heart of Chicago. Tenants would like to stay leases expire in Nov. Perfect for a fresh start with a lease set by new owner(s) and to collect new security deposit(s). Owner pays Water/sewer/garbage for building and owners unit every OTHER month estimated $140-$160. Electric for common, owners unit, and garage is estimated at $160/monthly and Insurance for building and owners unit is estimated $307/monthly. Tenants pay electric/gas.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,117
Year Built
- Built in 1912 | Remodeled in 2020
Parking
- 2 Car Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- Entrance Foyer
- Partial Basement
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 3 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Enclosed Patio or Porch
- Lot Dimensions are 30x125
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $1,920
- Insurance Expense $3,685
- Water Sewer Expense $840
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
09/17/2025 09/17/25 | Price Changed | $452,000 | -4.8% | -- |
09/07/2025 09/07/25 | For Sale | $475,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12465530

APN: 16224270320000
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