3515 W Cermak Road, Chicago, IL 60623
Description
Property requires a FULL RENOVATION and is more suited for investors or owner occupants ready to put in serious sweat equity! AS-IS SALE and requires significant repairs and updates. It will not qualify for traditional FHA or VA financing but is an excellent candidate for a 203k renovation loan. Located in the heart of the South Lawndale/Little Village neighborhood. Owned by the same family for decades, this property offers a rare opportunity to renovate and add value in a high demand area. Each unit features a classic layout with spacious living and dining rooms with original charm. The first floor unit offers two bedrooms, a living room, a separate dining room, one full bathroom, and a large walk in pantry. The second floor unit mirrors the same layout and includes an additional third bedroom, making it ideal for extended family living or increased rental income. The basement is unfinished and provides a great opportunity to expand the living area or add additional value through future improvements. The property has a recently rebuilt rear exterior stairwell and back porch, offering added safety and functionality. A large side yard enhances the lot size and includes a commercial sign that the current owner has rented out in the past, creating an additional income opportunity. This is a strong investment opportunity for an owner occupant or investor looking to add value in a vibrant and established community.
- Listing Courtesy of: Real Broker, LLC
Details
Updated on June 27, 2026 at 10:17 am-
Property ID MRD12558859
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Price $149,000
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Bedrooms 5
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Year Built 1878
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Property Type Multi Family
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Property Status Active
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Parking Total 2
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Parcel Number 16262010370000
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Water Source Lake Michigan,Public
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Sewer Public Sewer
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MLS Status Active
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Days On Market 148
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Cumulative Days On Market 147
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Tax Annual Amount 2766
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Heating Radiant
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Parking Features Unassigned,Driveway,Garage Faces Side,Yes,Owned
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Directions Take I-290 to exit 26B toward Homan Ave, merge onto Congress PKWY, left onto Central Park Ave, left onto Cermak Rd to property.
Address
Open on Google Maps- Address 3515 W Cermak Road
- City Chicago
- State/county IL
- Zip/Postal Code 60623
- Country United States
Overview
- Multi Family
- 5
- 1878
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