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Mixed-Use Building with Apartments
New
For Sale
$590,000

3021 W Cermak Rd, Chicago, IL 60623

Ground-floor commercial space is paired with four residential apartments above.

Property Size4,686 SF
Price / SF$125.91
Days on Market4

Property Features for 3021 W Cermak Rd

General Information

Standard status Active
Size 4,686 SF
Property subtype Commercial

Site & Location

Neighborhood South Lawndale
Public Transit Yes
Mixed-Use Components retail, residential

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Building Details

Year Built 1893
Buildings 1
Construction all-brick
Tenancy Multi
Listing Agency: RE/MAX Mi Casa
Listed By: Patricia Sandoval (773) 655-3223 · License #475.1212
Source: Searchillinoishomesforsale
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 25 at 2:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Mi Casa

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Investment Insights

Based on property information with market context.

At 3021 W Cermak Rd in Chicago, this 4,686-square-foot, all-brick mixed-use property was built in 1893. Its main level contains a commercial unit, with four two-bedroom, one-bathroom apartments on the floors above.

The property is in Little Village, near local shopping, parks, schools, and public transportation.

Key Highlights

  • 4,686‑square‑foot all‑brick mixed‑use building
  • One commercial unit on the main floor
  • Four apartments, each with 2 bedrooms and 1 bathroom

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store HVAC Service Nursing Home Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,786
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with four residential apartments above.
Where is this mixed-use property located?
The property is located at 3021 W Cermak Rd Chicago, IL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 4,686‑square‑foot all‑brick mixed‑use building; One commercial unit on the main floor; Four apartments, each with 2 bedrooms and 1 bathroom
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