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About This Home

This 5-bedroom, 2-bathroom residential multi family at 3515 W Cermak Road in Chicago, IL is listed for $169,000. Built in 1878, on a N/A lot.

Agent 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.

Key Features

  • Built in 1878
  • 2 parking spaces

Property Details

2 full
2 spaces
1878

Monthly Cost Estimate

$904/mo

20% down · 6.5% · 30 years

Principal$122
Interest$732
Insurance$49

Estimates only. Actual payments may vary.

Location

3515 W Cermak Road

Chicago, IL 60623

Property Details

Construction

Brick

Parking

GarageDrivewayOwnedAssigned

Heating

Radiant

Questions & Answers

This 5-bedroom, 2-bathroom residential multi family at 3515 W Cermak Road is listed at $169,000. The estimated monthly payment is $732 based on 20% down at 6.5% interest.

Key features include: Built in 1878, 2 parking spaces.

This property is listed by Melanie Little and can be reached at (630) 439-6385 or melanie@melanielittlerealty.com.

ML

Melanie Little

Agent at Real Broker, LLC

(630) 439-6385

Listed by Real Broker, LLC · View on Broker Site

MLS# 12558859· Source: listhub· Updated 130 days ago

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3515 W Cermak Road, Chicago, IL 60623

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