2656 West Cermak Road

2656 West Cermak Road in Chicago, IL was first built in 2002 and is 22 years old. This has been categorized as a commercial property type. The linear feet across the front of the lot is 240 ft and the linear feet between the front and back of the lot is 1,210. In total, the area measurement of the land is 2,904 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2656 West Cermak Road sold most recently in Dec 17, 2021 for a total of $142,000. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,244 in taxes each year. The initial year of tax delinquency occurred in 2021. 2656 West Cermak Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $10,912. If we break it down further, the land itself was valued at $7,623. Improvements to the property, however, were assessed at a total of $3,289. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!