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Listing provided courtesy of Sperry Van NessMREDas Distributed by MLSGrid- MLS# 12644637MLS Provider

3142 W Cermak RoadChicago, IL 60623

Commercial · 7,496 Sq. ft.
$995,000 Active

3142 W Cermak Road Overview

Time on Site:
49 days
Visits:
2

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 2bed/1bath units, two 3bed/1bath 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.

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3142 W Cermak Road Facts & Features

  • Type Commercial
  • Sq. ft. 7,496
  • Price/Sq.ft. $133

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 135600
  • Gross Scheduled Income: 135600
  • Insurance Expense: 0
  • Net Operating Income: 92859
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1894

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Lawndale
  • Township: West Chicago

Rent/Lease Information

  • Tenant Pays: Electricity, Heat, Varies by Tenant

Tax Information

  • Tax Annual Amount: $9,880.91
  • Tax Year: 2024

General Information

  • Parcel Number: 16243100210000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 7496

General Information

  • Cooling: Central Air, Central Individual, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Stories: 4

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25 X 128
  • Lot Size Square Feet: 3204

Building Exterior/Construction

  • Construction Materials: Brick, Stone

General Information

  • Number Of Units Total: 7

3142 W Cermak Road Neighborhood

Community

60623 (Chicago) Demographics

33
Median Age
14,242
Population Density (per sq. mile)
17%
College Educated
$34,714
Estimated Median Income
9,269
Estimated Total Home Owners
16,477
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3142 W Cermak Road Monthly Cost

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$ %
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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3142 W Cermak Road Market Data

Based on the last 30 days in this zip code

$338,047
Average List Price
$199
Average Price per Square Foot
6
Properties Sold
76
Average Days on Market
25
Properties for Sale
Calculations provided by Reliance Network

3142 W Cermak Road History

Date Event Value Agent
5/16/2026Source: MRED Status Change
Active
5/11/2026Source: MRED Added to Database
May 11, 2026