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
$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
- 277 days |
- 76 |
- 1 |
Zillow last checked:
Listing updated:
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: 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
$1,846/mo
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
Monthly 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.
Climate risks
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Illinois
- Cook County
- Chicago
- 60616
- South Loop
- 1 E Cermak Rd
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