1 E. CERMAK ROAD is a 15,410 square foot development site is available for sale. This site is located in an Opportunity Zone. Under its current zoning, the property could be developed as retail, a mixed-use TOD building, an office and more. The site is close to the 62-acre riverfront development known as "The 78", which is now planned to be developed as a soccer stadium for the Chicago Fire, it is possible that an intermediate use would be parking. McCormick Place, Wintrust Arena, historic Motor Row, Chinatown and a several new and exciting developments and rehabs.
Active
Price increase: $1.5M (12/5)
$1,500,000
1 E Cermak Rd, Chicago, IL 60616
--beds
--baths
3,049.2Square Feet
Unimproved Land
Built in ----
3,049.2 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 138 days |
- 96 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: December 10, 2025 at 10:07pm
Listing courtesy of:
Daniel Hyman 312-338-3000,
Millennium Properties RE, Inc.,
Brad Thompson,
Millennium Properties RE, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12434064
Facts & features
Property
Features
- Frontage length: 110
Lot
- Size: 3,049.2 Square Feet
- Dimensions: 110x107.25
Details
- Additional parcels included: 17271000020000
- Parcel number: 17271000010000
- Zoning: COMMR
- Special conditions: None
Utilities & green energy
- Utilities for property: Natural Gas Available, Sewer Connected, Water Available
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $273,000
- Annual tax amount: $9,786
- Date on market: 7/31/2025
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Price change | $1,500,000+144.7% |
Source:  MRED as distributed by MLS GRID #12434064 Report a problem | ||
| 7/31/2025 | Listed for sale | -- |
Source: MRED as distributed by MLS GRID #12434064 Report a problem | ||
| 12/4/2019 | Sold | $613,107+61.3% |
Source: MRED as distributed by MLS GRID #10511530 Report a problem | ||
| 11/9/2006 | Sold | $380,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $5,779 +2.6% | $27,300 |
| 2022 | $5,633 +2.3% | $27,300 |
| 2021 | $5,506 -9.5% | $27,300 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: South Loop
Nearby schools
GreatSchools rating
- 6/10National Teachers Elementary AcademyGrades: PK-8Distance: 0.1 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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