Under Contract
3515 Cermak Road
Chicago, IL 60623
$169,000 ▼ $30,000 from $199,000
5beds
2baths
—sqft
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeResidential Income
Year built1878
Lot size—
Annual tax$2,766
CountyCook
MLS #MRD12558859
Days on market34
Features
Heating
Radiant
Parking
UnassignedDrivewayGarage Faces SideYesOwned
Construction
Brick
Sewer
Public Sewer
Listed by
Real Broker, LLC
Melanie Little · 630-781-2334
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 3/11/2026, 4:19:14 PM. All data should be independently verified.
This home is under contract. Contact a dwello agent to explore similar active listings or be notified if it returns to market.
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