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.
Pending
Price cut: $30K (2/24)
$169,000
3515 W Cermak Rd, Chicago, IL 60623
5beds
--sqft
Est.:
Multi Family
Built in 1878
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Original charmBack porchLarge side yard
- 25 days |
- 4,210 |
- 208 |
Zillow last checked: 8 hours ago
Listing updated: March 05, 2026 at 10:01am
Listing courtesy of:
Melanie Little (630)781-2334,
Real Broker, LLC
Source: MRED as distributed by MLS GRID,MLS#: 12558859
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Radiant
Features
- Basement: Cellar,Full
Property
Parking
- Total spaces: 2
- Parking features: Unassigned, Driveway, Garage Faces Side, Yes, Owned
- Has garage: Yes
- Has uncovered spaces: Yes
Details
- Parcel number: 16262010370000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1878
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $99,990
- Annual tax amount: $2,766
- Date on market: 2/9/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,541/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Pending sale | $169,000 |
Source: | ||
| 2/24/2026 | Price change | $169,000-15.1% |
Source: | ||
| 2/9/2026 | Listed for sale | $199,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | -- | $9,999 |
| 2022 | -- | $9,999 |
| 2021 | -- | $9,999 -20.7% |
| 2020 | -- | $12,617 -14% |
| 2019 | -- | $14,672 |
| 2018 | -- | $14,672 -19% |
| 2017 | -- | $18,115 |
| 2016 | -- | $18,115 |
| 2015 | -- | $18,115 +8.2% |
| 2014 | -- | $16,735 |
| 2013 | -- | $16,735 |
| 2012 | -- | $16,735 -18.2% |
| 2011 | $21 +10.6% | $20,460 |
| 2010 | $19 +6.6% | $20,460 |
| 2009 | $18 -58% | $20,460 -17.1% |
| 2008 | $43 -54.6% | $24,684 |
| 2007 | $94 -93.3% | $24,684 |
| 2006 | $1,400 +880.1% | $24,684 +52.5% |
| 2005 | $143 -4.8% | $16,190 |
| 2004 | $150 -31.2% | $16,190 |
| 2003 | $218 -11.6% | $16,190 +46.3% |
| 2002 | $247 -6.6% | $11,066 |
| 2001 | $264 -8.8% | $11,066 |
| 2000 | $289 +0% | $11,066 +20.3% |
| 1999 | $289 | $9,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,152/mo
Principal & interest
$872
Property taxes
$280
Climate risks
Neighborhood: Little Village
Nearby schools
GreatSchools rating
- 7/10Cardenas Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Farragut Career Academy High SchoolGrades: 9-12Distance: 0.3 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.



