3515 W Cermak Road Chicago, IL $ 199,000
3515 W Cermak Road
$ 199,000
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3515 W Cermak Road

Chicago, IL, 60623
$ 199,000
Bedrooms5 Baths2.0

Monthly Estimate*

$ 1,225

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Multi-Family Home for sale in Chicago, IL

for $199,000 with 5 bedrooms and 2 full baths. This home was built in 1878.

Two unit multifamily property 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 and functional layout with spacious rooms and 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 property is being sold as is and requires significant repairs and updates. It will not qualify for FHA or VA financing but is an excellent candidate for a 203k renovation loan. This is a strong investment opportunity for an owner occupant or investor looking to add value in a vibrant and established community.

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Multi-Family Active

Price

$ 199,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,766

Style

Year Built

1878

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12558859

Features
General
Sewer Public Sewer
Heating Radiant
Possession Closing
Construction Materials Brick
Year Built 1878
Township West Chicago
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 13
Status Active
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.
City Chicago
High School District 299
MLS Area CHI - South Lawndale
Tax Annual Amount 2766
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Cellar Full
Total Bedrooms 5
Total Baths 2
Bedrooms Possible 5
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Unassigned Driveway Garage Faces Side Yes Owned
Water Source Lake Michigan Public
Total Parking 2
Waterfront Y/N N
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* Excluded Features
List By
Real Broker, Llc

Broker

melanie@melanielittlerealty.com

Email

Affordability Calculator

$1,456
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,225
Monthly Property Taxes
$231
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/9/2026$199,000 Listed Price

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3515 W Cermak Road, Chicago, IL, 60623 is a Multi-Family Home for sale at $199,000. 3515 W Cermak Road has 5 bedrooms, 2.0 baths, and was built in 1878. The property's zip code is 60623 which is in Chicago, IL