4209 West Cermak Road

Chicago, IL 60623

$520,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Mixed-Use Property with Exceptional Investment Potential. Introducing an outstanding mixed-use property package located in the highly desirable Southwest Chicago area. This offering includes two well-maintained buildings situated in a high-traffic location, perfect for maximizing visibility and income potential. Property Highlights Dual-Building Package: Versatile Storefront: The first floor of both buildings features a shared, expansive storefront space currently utilized as a church. This...Prime Mixed-Use Property with Exceptional Investment Potential. Introducing an outstanding mixed-use property package located in the highly desirable Southwest Chicago area. This offering includes two well-maintained buildings situated in a high-traffic location, perfect for maximizing visibility and income potential. Property Highlights Dual-Building Package: Versatile Storefront: The first floor of both buildings features a shared, expansive storefront space currently utilized as a church. This space offers significant flexibility for various commercial uses, making it an ideal setting for retail, office space, or other business ventures. Residential Units: Building One: Houses two large apartments, each with three bedrooms, providing ample living space and rental income opportunities. Building Two: Features a spacious four-bedroom apartment, further enhancing the property's residential appeal and rental potential. Additional Features: High-Traffic Location: Situated in a bustling area, ensuring excellent exposure and accessibility for both commercial and residential tenants. Well-Maintained: Both buildings have been diligently cared for, reflecting the pride of ownership and attention to detail. This prime mixed-use property presents a unique investment opportunity, offering a blend of commercial and residential spaces that cater to a diverse range of tenants. With its strategic location and versatile layout, the potential for income growth and property appreciation is substantial. For more information or to arrange a viewing, please contact us. Don't miss this chance to invest in a property that combines excellent cash flow, strong growth potential, and a prime location in Southwest Chicago.
  1. Listed by Tolio Sanchez • Chicagoland Brokers Inc.

Property Details for 4209 West Cermak Road

Area
CHI - North Lawndale
LISTING UPDATED: 10/20/2024 12:06 AM

Property Details for 4209 West Cermak Road

StatusActive
MLS #12108574
Days on Market127
Taxes$1,807 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1928
Lot Size0.07 AC / 2,875 SF
CountyCook County

Building Information for 4209 West Cermak Road

Stories3Residences4Year Built1928Lot Size0.07 AC / 2,875 SF

Property Information for 4209 West Cermak Road

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago West,Chicago Southwest
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25X115
  • Lot Size Square Feet: 2875.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Roof Type: Membrane
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Possible Use: Commercial, Multi-Family
  • Public Document Count: 0
  • Photos Count: 7
Miscellaneous
  • Location: Mixed Use Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $1,080.00
  • Fuel Expense: $2,520.00
  • Gross Income: $75,600.00
  • Gross Scheduled Income: $75,600.00
  • Insurance Expense: $2,200.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Total Monthly Income: 6300
  • Water Expense Source: Actual
  • Net Operating Income: $61,988.00
  • Operating Expense: $13,612.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,998.00

Property History for 4209 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 4209 West Cermak Road

Taxable ValueLand$3,378Additions$5,155Total$8,533
Tax Record2022$1,761 ($147 / month)
Home Facts
Baths5.5Total Finished SqFt7,436 SqFtAbove Grade Finished SqFt7,436 SqFtStories3Lot Size2,875 SqFtStyleMulti-Family Res (5+ Units)Year Built1928CountyCOOKAPN16-27-203-008

Schools near 4209 West Cermak Road

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 4 to 8
Rating
School
Distance
Corkery Elementary School
PublicPK to 8

Infinity Math Science & Tech High School
Public9 to 12

KIPP Chicago Chrtrs - Ascend Acad
CharterK to 8

Castellanos Elementary School
Public4 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.

Similar Homes

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4209 West Cermak Road is a mixed use property for sale in Chicago, IL 60623. This property was listed for sale on July 19, 2024 by Chicagoland Brokers Inc., it's currently listed at $520,000. This listing's school district is Chicago Public Schools. Nearby schools include Corkery Elementary School, Infinity Math Science & Tech High School and KIPP Chicago Chrtrs - Ascend Acad. 4209 West Cermak Road is a 0-bed, 0-bath, mixed use property built in 1928.

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 Chicagoland Brokers Inc.

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 10/20/2024 12:06 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.