$1,860,000
SOLD JUN 17, 2021

6117 W Cermak Rd Cicero, IL 60804

8 Beds
27 Baths
-- Sq Ft
1928 Built

Recently Sold

18 Days on Market

About This Home

As of June 2021

Check out this stunning mixed use building in a fantastic Cicero location. This building features sixteen studios, eight 1 bed/1 bath units, and 3 commercial store front spaces. This stable, well managed property also on site laundry, and it is well located on the busy Cermak Avenue corridor on the eastern edge of Berwyn. This is truly an armchair investment, so if you are looking for a cash flowing vintage building in a dynamic location then this is the one for you

Last Agent to Sell the Property

John Warren

Second City Real Estate License #471020680 Listed on: 03/15/2021

Last Buyer's Agent

Anthony Zammitt

Lofty LLC License #471018997

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $50,013

Year Built

  • Built in 1928

Home Design

  • Garden Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 27 Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 60x100
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, varies by tenant

Community Details

Overview

  • 27 Units

Building Details

  • Electric Expense $906
  • Fuel Expense $8,345
  • Insurance Expense $10,269
  • Trash Expense $1,951
  • Water Sewer Expense $11,056
  • Operating Expense $132,900
  • Gross Income $277,791
  • Net Operating Income $144,892

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$50,013

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1928
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 27
  • Total Bedrooms: 8
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 1885000

Utilities

  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 1951
  • Water Sewer Expenses: 11056
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60X100
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Varies by Tenant
  • Board Number: 2

Multi Family

  • Net Operating Income: 144892
  • Fuel Expense: 8345
  • Insurance Expense: 10269
  • ElectricExpense: 906
  • GrossIncome: 277791
  • NumberOfUnitsTotal: 27
  • OperatingExpense: 132900
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 50013
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Jun 3, 2021
Sold by
Illinois Majic Llc
Bought by
61Stcourt 2009 Llc
Seller's Agent
John Warren
Second City Real Estate
Buyer's Agent
Anthony Zammitt
Lofty LLC
Sold Price
$1,860,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.05%
Original Mortgage
$1,488,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2017
Sold by
Illinois Majic Llc
Bought by
Illinois Majic Llc 2209 South 61Th Court

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Interest Rate
4.08%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 4, 2013
Sold by
Chicago Title Land Trust Company
Bought by
Illinois Majic Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 2000
Sold by
Calek Alice and Zatopa Camille F
Bought by
Davis Stanley W and Stanley M Davis Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
8.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,860,000 First American Title
Special Warranty Deed -- First American Title
Deed $1,300,000 Chicago Title Land Trust Co
Warranty Deed $745,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,488,000 Commercial
Previous Owner $1,240,000 Construction
Previous Owner $975,000 Commercial
Previous Owner $990,000 Commercial
Previous Owner $300,000 Commercial
Previous Owner $695,000 Commercial
Previous Owner $562,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $2,350,000 -2.1% --
06/02/2025 06/02/25 For Sale $2,400,000 +29.0% --
06/17/2021 06/17/21 Sold $1,860,000 0.0% --
06/16/2021 06/16/21 Off Market $1,860,000 -- --
04/03/2021 04/03/21 For Sale -- -- --
04/02/2021 04/02/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $1,885,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $46,643 $137,870 $7,654 $130,216
2023 $56,161 $154,507 $7,654 $146,853
2022 $56,161 $128,593 $11,981 $116,612
2021 $55,509 $128,591 $11,980 $116,611
2020 $53,968 $128,591 $11,980 $116,611
2019 $50,013 $102,512 $7,321 $95,191
2018 $48,732 $102,512 $7,321 $95,191
2017 $46,908 $102,512 $7,321 $95,191
2016 $37,050 $77,208 $6,988 $70,220
2015 $39,483 $83,263 $6,988 $76,275
2014 $53,229 $116,473 $6,988 $109,485
2013 $29,948 $72,477 $6,988 $65,489
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11021507

Midwest Real Estate Data (MRED)

APN: 16-29-105-001-0000