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3142-3144 W Cermak Rd 7,496 SF 100% Leased Retail Building Chicago, IL 60623 $995,000 ($132.74/SF)
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,496 SF
Building Class
C
Year Built
1889
Price
$995,000
Price Per SF
$132.74
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.46
Lot Size
0.07 AC
Zoning
C1-2, Chicago
Frontage
48’ on Cermak Rd
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
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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