Active

$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

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.

231 days

79

4

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: Electric to Site, 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

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

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
2020	$6,082 +10.9%	$27,300
2019	$5,485 +1.7%	$27,300
2018	$5,393 +96.6%	$27,300 +114.3%
2017	$2,743 +7.5%	$12,740
2016	$2,552 +9.3%	$12,740
2015	$2,335 +38.3%	$12,740 +40%
2014	$1,688 +2%	$9,100
2013	$1,655	$9,100

Find assessor info on the county website

BuyAbility℠ payment

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Boost your down payment with 6% savings match

Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

Climate risks

Neighborhood: South Loop

Getting around

97 / 100

Walker's Paradise

84 / 100

Excellent Transit

84 / 100

Very Bikeable

Nearby schools

GreatSchools rating

6/10
National Teachers Elementary Academy
Grades: PK-8Distance: 0.1 mi
1/10
Phillips Academy High School
Grades: 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.

Skip to the end of the carousel