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$ 179,555
Est. payment /mo
Open 8/21 1:30PM-2:15PM
4318 W Cermak RD Chicago, IL 60623
6 Beds
3 Baths
Open House
Thu Aug 21, 1:30pm - 2:15pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12452000
Bedrooms 6
Year Built 1912
Annual Tax Amount $1,693
Tax Year 2023
Lot Dimensions 30x125
Property Sub-Type Two to Four Units
Property Description
Incredible investment opportunity in prime North Lawndale! This 2-unit building with an additional garden unit offers excellent potential for seasoned investors. While the property is currently tenant-occupied, the tenants are open to vacating, and the property can be delivered vacant at closing-making it ideal for a full renovation or redevelopment project. Being sold strictly AS-IS, the building does require significant updates but presents strong upside with an estimated after-repair value (ARV) of approximately $450,000. Each unit features its own hot water tank, and forced heat. The property contains an exterior back porch overlooking yard space and a two car garage that can be used for additional income due to the properties location. Located in a rapidly developing area surrounded by new construction and revitalization, this property is perfect for experienced investors looking to capitalize on growth. Seller prefers cash offers with a quick close.
Location
State IL
County Cook
Area Chi - North Lawndale
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Melanie Miller • Keller Williams ONEChicago