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    2915 W Cermak Rd Chicago, IL 60623

    New
    For Sale
    $460,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    5,760 SF
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 2915 W Cermak Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    OFFIC
    APN
    16251040002000
    Size
    5,760 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1913
    Number of units
    2
    Architectural style
    Other

    Compass Real Estate

    Listing agent David Mishel (312) 733-7201 License #475159283

    Listing date Dec 4, 2025

    MLS# 12526021 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Little Village Mixed-Use Property

    This mixed-use property is located in the Little Village neighborhood. It features a large, lightly renovated commercial space with 14 ft ceilings, currently occupied and generating $1800 per month in rent with a lease extending to January 2028. Additionally, there is a 1-bedroom, 1-bathroom apartment, also currently occupied, with a rental income of $1250 per month and a lease expiring in August 2026. The commercial space has been updated with new paint, a new bathroom, recently serviced furnace, new LED lighting, tuckpointed rear, and new tempered glass windows in the front. The 1-bedroom apartment has been renovated with new paint, new hardwood floors, new plumbing, a new bathroom sink, a new toilet, new appliances, and a new kitchen sink. The property has a total of 1.5 bathrooms. The property size is 5760 square feet. The basement is a half basement, approximately 400 sq ft, and remains unfinished. Note that there is no parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr Khalid & Associates Dentist LORIN ARCHITECTURE GROUP Architecture Firm Bautista Antonio MD Internist Khalid Carl M ... Dentist Ng Wayne DDS Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7000928
    Latitude
    41.8515845

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Little Village with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 2915 W Cermak Rd Chicago, IL.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: - Mixed-use property in Little Village providing immediate rental income from a commercial space and a 1-bed apartment.; - Commercial space boasts **14 ft ceilings** and recent light renovations including new paint, bathroom, serviced furnace, LED lights, tuckpointing, and tempered glass windows.; - The 1-bedroom apartment has been recently renovated with new paint, hardwood floors, plumbing, bathroom sink, toilet, appliances, and kitchen sink.
    (312) 733-7201
    Request Owner's contact information
    2915 W Cermak Rd Chicago, IL 60623
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    Chicago, IL 60623
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2915 W Cermak Rd Chicago, IL 60623
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