3125 West Cermak Road

Chicago, IL 60623

$890,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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....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.
  1. Listed by James Mason • Mason Realty

Property Details for 3125 West Cermak Road

Area
CHI - South Lawndale
Township
West Chicago
Zoning
COMMR
LISTING UPDATED: 01/03/2025 12:07 AM

Property Details for 3125 West Cermak Road

StatusActive
MLS #12210208
Days on Market43
Taxes$9,932 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1904
Lot Size0.12 AC / 5,250 SF
CountyCook County

Building Information for 3125 West Cermak Road

Stories2Residences5Year Built1904Lot Size0.12 AC / 5,250 SF

Property Information for 3125 West Cermak Road

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: East/West Corridor
  • Information: 48-Hr Notice Required,Non-Disclosure Agreement
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Service - 201 to 600 Amps
  • Flooring: Wood
  • # Of Washers: 1
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • # Of Refrigerators: 4
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • # Of Dishwashers: 4
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: 7-15 Years
  • Lot Dimensions: 42 X 125
  • Lot Size Square Feet: 5250.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Membrane
  • Fire Protection: Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 10200
  • # Of Offices: 1
  • Office SqFt: 3600
  • Retail SqFt: 3600
  • # Of Ranges: 4
  • # Of Stores: 1
  • Property Sub Type: Apts/Ofc/Store, Apts/Ofc
  • MRD_UNC: Yes
Property and Assessments
  • Possible Use: Commercial
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Photos Count: 43
Miscellaneous
  • Current Use: Commercial
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $1,500.00
  • Fuel Expense: $1,500.00
  • Gross Income: $7,420.00
  • Gross Scheduled Income: $89,040.00
  • Insurance Expense: $5,500.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 7420
  • Water Expense Source: Owner Projection
  • Net Operating Income: $68,140.00
  • Operating Expense: $20,900.00
  • Other Expense: $400.00
  • Trash Expense: $500.00
  • Water Sewer Expense: $2,500.00

Property History for 3125 West Cermak Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3125 West Cermak Road

Taxable ValueLand$6,293Additions$40,781Total$47,074
Tax Record2022$9,682 ($807 / month)
Home Facts
Total Finished SqFt5,100 SqFtAbove Grade Finished SqFt5,100 SqFtStories2Lot Size5,356 SqFtStyleMulti-Family Res (5+ Units)Year Built1904CountyCOOKAPN16-25-101-001

Schools near 3125 West Cermak Road

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Kanoon Elementary Magnet School
PublicPK to 8

Farragut Career Academy High School
Public9 to 12

Spry Community Links High School
Public9 to 12

Saucedo Elementary Scholastic Academy
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3125 West Cermak Road is a mixed use property for sale in Chicago, IL 60623. This property was listed for sale on November 23, 2024 by Mason Realty, it's currently listed at $890,000. It has been on the market for a total of 43 days and was last sold on December 6, 2016. This listing's school district is Chicago Public Schools. Nearby schools include Kanoon Elementary Magnet School, Farragut Career Academy High School and Spry Community Links High School. 3125 West Cermak Road is a 0-bed, 0-bath, mixed use property built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mason Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 01/03/2025 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.