Homes for sale - 3022-24-28 W Cermak RD, Chicago, IL 60623

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Legacy Properties

Legacy Properties, A Sarah Leonard Company

managingbroker@legacypropertiesil.com +1(224) 999-9100

$ 1,175,000

Est. payment | -/mo

10,300 SqFt

Save

$ 1,175,000

Est. payment | -/mo

Save

10,300 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 10,300 sqft

Price per Sqft $114

MLS Listing ID 12388230

Year Built 1906

Annual Tax Amount $10,480

Tax Year 2023

Lot Dimensions 75 X 125

Property Sub-Type Mixed Use

Property Description

The 2 Greystone buildings and dedicated parking lot are located in the next hot neighborhood. Think "Logan Square South". Many buildings in the area are being rehabbed and new condos are going up right across the street. The Pink Line EL train stop approximately 2 blocks from this location. Chicago has recently replaced much of the infrastructure in the neighborhood including water mains, sewer lines, sidewalks/ curbs, and street city-scape. The property is fully stabilized and has been well maintained. There are six 2-bedroom apartments. Every unit on both floors are spacious, comfortable and easily rented. Every space is fully updated with newer mechanicals, kitchen and baths. All residential tenants also enjoy shared outdoor space, both rear porches have been replaced with permits in the last few years. There is a 7 outdoor, off-street parking spots and a 3-car garage for a total of 10 spots but imagine 2 restaurants both sharing outdoor dining in the vacant lot in the future. Owner uses space in the property which is not accounted for in the income numbers. Some property rents are low for the market.

Location

State IL

County Cook

Area Chi - South Lawndale

Zoning COMMR

Interior

Cooling Central Air

Flooring Wood

Fireplaces Number 2

Fireplace Y

Exterior

Roof Type Rubber

Building

Dwelling Type Mixed Use

Level or Stories 3

Structure Type Brick

Listed by James Mason • Mason Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9100

managingbroker@legacypropertiesil.com

2325 Dean St, Suite 900, St Charles, Illinois, 60175, USA

3022-24-28 W Cermak RD Chicago, IL 60623