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3142-3144 W Cermak Rd 5 Unit Apartment Building $995,000 ($199,000/Unit) Chicago, IL 60623
Investment Highlights
- Steps to CTA Pink Line
- Nicely Updated Building
- Full Floor Unit Consistently 100% Leased with High-Quality Tenants
- Excellent Street Exposure
- Income Producing Rear Garage
- Walking Distance to Retail
Executive Summary
Beautiful large Greystone building that has been fully renovated and meticulously maintained. The property is currently fully occupied with a great mix of units, including two 2-bed/1-bath units, two 3-bed/1-bath units and the top floor non-conforming unit encompasses the entire floor and is built-out as with 6 separate private bedrooms, 3 showers, 3 private bathrooms, a large kitchen and living room. There is a garage in the rear of the property generating additional income.
Property Facts
| Price | $995,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $199,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| No. Units | 5 | Building Size | 7,496 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1889 |
| Zoning | C1-2, Chicago | ||
| Price | $995,000 |
| Price Per Unit | $199,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 7,496 SF |
| No. Stories | 4 |
| Year Built | 1889 |
| Zoning | C1-2, Chicago |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16-24-310-021-0000 | Improvements Assessment | $44,337 |
| Land Assessment | $4,663 | Total Assessment | $49,000 |
Property Taxes
Parcel Number
16-24-310-021-0000
Land Assessment
$4,663
Improvements Assessment
$44,337
Total Assessment
$49,000
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3142-3144 W Cermak Rd
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