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
2201 S State St, Chicago, IL 60616
--beds
--baths
3,049Square Feet
Unimproved Land
Built in ----
3,049 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 334 days |
- 52 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
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 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: $109,200
- 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+294.7% |
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 | ||
| 11/9/2006 | Sold | $380,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $10,920 -60% |
| 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$1,822
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
- 2201 S State St
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