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Closed
  • $235,000

    4318 W Cermak Rd, Chicago, IL 60623

    5beds
    --sqft
    Multi Family
    Built in 1912
    -- sqft lot
    $235,600 Zestimate®
    $--/sqft
    $1,769 Estimated rent

    Home value

    $235,600

    $212,000 - $262,000

    $1,769/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: September 19, 2025 at 04:22pm

    Listing courtesy of:

    Melanie Miller 312-216-2422,

    Keller Williams ONEChicago

    Bought with:

    Jose Campoverde

    Chicagoland Brokers, Inc.

    Source: MRED as distributed by MLS GRID,MLS#: 12452000MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 3
    Heating
    • Natural Gas
    Features
    • Basement: Finished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, Garage
    • Garage spaces: 2
    Lot
    • Size: 3,750 sqft
    • Dimensions: 30x125
    Details
    • Parcel number: 16224250330000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1912

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    9/19/2025Sold$235,000+30.9%
    Source: MRED as distributed by MLS GRID #12452000 Report a problem
    8/26/2025Contingent$179,555
    Source: MRED as distributed by MLS GRID #12452000 Report a problem
    8/21/2025Listed for sale$179,555
    Source: MRED as distributed by MLS GRID #12452000 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Lawndale

    Nearby schools

    GreatSchools rating
    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.

    Get a cash offer in 3 minutes
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    Estimated market value$235,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $235,600