Off Market Sep 2025 for $235K

$500,706

•

—

sq ft

4318 W Cermak Rd, Chicago, IL 60623

About this home

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.

Multi-familyProperty Type

1912Year Built

3,750 sq ftLot Size

2 car garageParking

Listed by Melanie Miller • Keller Williams ONEChicago

Bought with Jose Campoverde • Chicagoland Brokers, Inc.

Redfin checked: a minute ago

•Source:MRED as Distributed by MLS Grid #12452000

Redfin Estimate

$500,706

$266K since sold in September 2025$14K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 21.1% higher than the average sale price ($413K) of 6 comparable homes.

SOLD MAY 5, 2026
$140,000
A
5 beds3 baths— sq ft
4312 W Cullerton St, Chicago, IL 60623
SOLD APR 24, 2026
$525,000
B
7 beds3 baths— sq ft
4310 W Cullerton St, Chicago, IL 60623
SOLD NOV 21, 2025
$380,000
C
7 beds3 baths— sq ft
4122 W Cermak Rd, Chicago, IL 60623
SOLD JUL 10, 2026
$595,000
D
6 beds3 baths— sq ft
4813 W 22nd Pl, Cicero, IL 60804
SOLD MAR 27, 2026
$355,000
E
7 beds3 baths— sq ft
1507 S Kostner Ave, Chicago, IL 60623
SOLD JUN 30, 2026
$485,000
F
4 beds2 baths— sq ft
4318 W Cullerton St, Chicago, IL 60623

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Earn from this home

Sell

$290,923

Est. take-home

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Market trends in North Lawndale, IL

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

97.3%

1.1% MoM

Median sale price

$394K

$10K MoM

Avg. days on market

75d

6 days MoM

Recently sold homes

4 MoM

New listings for sale

NEW
$455,000
8 beds3 baths— sq ft
1419 S Kedvale Ave, Chicago, IL 60623
NEW 20 HRS AGO
$140,000
6 beds3 baths— sq ft
1310 S Millard Ave, Chicago, IL 60623
NEW 23 HRS AGO
$189,900
5 beds2.5 baths900 sq ft
2706 S Trumbull Ave, Chicago, IL 60623
$574,900
10 beds5 baths— sq ft
2539 S Sawyer Ave, Chicago, IL 60623
$325,000
7 beds3 baths— sq ft
1547 S Trumbull Ave, Chicago, IL 60623
$599,000
9 beds6 baths— sq ft
1632 S Homan Ave, Chicago, IL 60623
EARLY ACCESS
$599,990
8 beds4 baths— sq ft
1421 S Central Park Ave, Chicago, IL 60623
$375,000
5 beds3 baths— sq ft
2749 S Trumbull Ave, Chicago, IL 60623
$849,500
20 beds8 baths— sq ft
1448 S Hamlin Ave, Chicago, IL 60623
$229,900
6 beds3 baths— sq ft
2859 S Homan Ave, Chicago, IL 60623
See all

Provided by Redfin

Sale history for 4318 W Cermak Rd

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (2-4 Unit)

County

Cook County

APN

16224250330000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 21, 2025.

B3-2

Community Shopping District

The primary purpose of the B3, Community Shopping district is to accommodate a very broad range of retail and service uses, often in the physical form of shopping centers or larger buildings than found in the B1 and B2 districts. In addition to accommodating development with a different physical form than found in B1 and B2 districts, the B3 district is also intended to accommodate some types of uses that are not allowed in B1 and B2 districts. The B3 district is intended to be applied to large sites that have primary access to major streets. It may also be used along streets to accommodate retail and service use types that are not allowed in B1 and B2 districts.

Permitted uses

Include but are not limited to:

Automotive repair garage
Day care facility
General retail
Restaurant
Housing-Senior
Warehouse
Mixed use building
Office
Medical office
Veterinary clinic

Property details

Parking

Parking Information
# of Garage Spaces: 2
# of Parking (Total): 2
Parking Features: Detached, Garage

Interior

Bathroom Information
# of Baths (Full): 3

Bedroom Information
# of Bedrooms: 6
# of Bedrooms Possible: 6

Additional Rooms Information
Basement: Finished, Full

Interior Features
# of Rooms: 14

Multi-Unit Information
3 Br Unit(s) In Bldg: Yes

Unit Type 1 Information
Floor Number: 1
# of Rooms: 5
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: None
Security Deposit: None
Tenant Pays: Electric,Gas,Heat
Lease Expiration Date: 000

Unit Type 2 Information
Floor Number: 2
# of Rooms: 6
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: None
Security Deposit: None
Tenant Pays: Electric,Gas,Heat
Lease Expiration Date: 000

Exterior

Building Information
# Of Units in Building: 2
Age: 100+ Years
Built Before 1978 (Y/N): Yes
Construction Materials: Brick

Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): No
Parcel Number: 16224250330000

Lot Information
Dimensions: 30x125
Lot Size: Less Than .25 Acre

Financial

Tax Information
Tax Annual Amount: $1,693
Tax Year: 2023

Financial Information
Finance Code: Cash
Special Service Area: N

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Heating & Cooling
Heating: Natural Gas

Location

School Information
Elementary School District: 299
Middle Or Junior School District: 299
High School District: 299

Location Information
Township: West Chicago
Corporate Limits: Chicago
Directions: North of Ogden; east of Cicero

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Cook County
APN: 16224250330000

Home facts updated by county records on Aug 21, 2025

Other

Listing Information
Holds Earnest Money: Yes
Possession: Immediate
Some Photos Virtually Staged?: No

Around this home

Schools

Corkery Elementary School

Public PreK-8 • Assigned • 0.4mi

3/10

Infinity Math Science & Tech High School

Public 9-12 • Assigned • 1.1mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 99° expected this year, 14 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Chicago, IL • 60623

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.3 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$476,000 – $576,000

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New listings for sale in 60623

NEW

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NEW 20 HRS AGO

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NEW 23 HRS AGO

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$574,900

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EARLY ACCESSCOLDWELL BANKER COMING SOON

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Home values near 4318 W Cermak Rd

Data from public records.

Address	Redfin Estimate
4320 W Cermak Road #2, Chicago, IL 6 Beds \| 2 Baths \| 2438 Sq. Ft.	$402,538
4300 W Cermak Road, Chicago, IL 3 Beds \| 2.5 Baths \| 2761 Sq. Ft.	$211,064

Address	Redfin Estimate
4312 W Cermak Road, Chicago, IL 7 Beds \| 2 Baths \| 2528 Sq. Ft.	—
4314 W Cermak Road, Chicago, IL 6 Beds \| 2 Baths \| 3078 Sq. Ft.	—

Address	Redfin Estimate
4318 W Cermak Road #1, Chicago, IL 6 Beds \| 2 Baths \| 2438 Sq. Ft.	$399,341
4324 W Cermak Road, Chicago, IL 4 Beds \| 2 Baths \| 2438 Sq. Ft.	—

Property information provided by MRED as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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