43
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$890,000
Est. payment /mo
10,200 SqFt
Active
3125 W Cermak RD Chicago, IL 60623
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UPDATED:
01/03/2025 06:07 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,200 sqft
Price per Sqft $87
MLS Listing ID 12210208
Year Built 1904
Annual Tax Amount $9,932
Tax Year 2023
Lot Dimensions 42 X 125
Property Description
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.
Location
State IL
County Cook
Area Chi - South Lawndale
Zoning COMMR
Interior
Cooling Central Individual
Flooring Wood
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick
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Listed by James Mason • Mason Realty