$890,000
( $87.25Per Sq Foot )
 $4,778 est/mo Sourced by Back At You

3125 W Cermak Road , Chicago, IL 60623

Chicago, IL 60623

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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.

Details

MLS#12210208
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1904
Days On Site81
Listing Provided ByMason Realty | James Mason

Features

SQ Feet10,200
Story(s)2
Units5
ZoningCOMMR

Market Activity 60623

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Listings Checked: 12 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60623
AreaCHI South Lawndale
Listing VS Median (in 60623)
Price:
$890,000
low | high
Med:
$182,500
100% of Average
SqFt:
10,200
low | high
Med:
1,561
100% of Average
$ / SqFt:
$87
low | high
Med:
$125
7.094854873785% of Average
On Site:
81
low | high
Med:
250.500000
32.335329341317% of Average
Sourced by Back At You
Listing Updated: January 15, 2025 at 1:53:59 PM PST