Active
Re-activated
3125 W Cermak Road
Chicago IL, 60623
$890,000
$87.25 per sqft
Active
Re-activated
10,200 sqft
Other
Built in 1904
Courtesy of Mason Realty
This address is located in what many consider the best neighborhood to invest in right now, the Up and Coming East Little Village neighborhood. think "Logan Square South"! This listing has great rehabbed apartments over a large, historic storefront with an original tin ceiling in good condition and hard wood maple floors. the storefront will need some work in the rear. the location is about 1 block to Pink Line EL stop, in a great shopping district and 2 blocks to Douglass Park and /Marshall Blvd. Storefront can easily be divided. It also has great installed mechanical systems that will make dividing the commercial easier than similar projects elsewhere. New Roof installed in January 2024 with a 5 year labor warranty. Apartment income will allow owner to deliver goods and services to this trending community for a huge profit. Apartments rent easily rarely but are below current market due to long term occupancies so there will be additional upside for future income. Building is priced to sell and will be a money maker for years. The city has rebuilt the streets, sidewalks, curbs, water/ sewer mains in addition to planting tree boxes in the public landscaping. The building is principal managed so the expenses reported are as such. The seller has listed 3 other buildings within a block as retirement is calling. All listings on the block are walkable distance from each other and all are available for showings. Contact the listing agent for more information. The parking for this address is at 1936 s Kedzie - a double, fenced lot which is also available for purchase in connection with this building. This Kedzie lot 6250 sq ft and is zoned a B3-2 which carries a FAR of 2.2! All this means a 13,750 sq ft (Condo) building can be built there in the future. If the vacant lot is not purchased with this address, it will be available for purchase separately.
12210208
MLSⓇ ID
November 25, 2024
Listed
December 28, 2024
Updated
Map
3125 W Cermak Road
Chicago IL, 60623
Interior Features
Total Stories
2
Floor Description
Wood
Fireplace
No
Cooling
Yes
Cooling Description
Central Individual
Heating
No
Exterior/Building Features
Lot Size
0.12 Acres
Roof
Membrane
Other Property Details
Area Name
CHI - South Lawndale
Taxes
$9,932
Tax Frequency
Annually
Days on Market
21
Garage
No
View
No
County
Cook
Municipality
West Chicago
Pool
No
Zoning
COMMR
Courtesy of Mason Realty, James Mason,
Listing Contact: 312-576-8191
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Francesco Campobasso are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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Data last updated 6:40 PM UTC, 12/28/2024