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Pending
  • Price cut: $30K (2/24)
    $169,000

    3515 W Cermak Rd, Chicago, IL 60623

    5beds
    --sqft
    : 
    Multi Family
    Built in 1878
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Original charmBack porchLarge side yard
    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.
    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#: 12558859MLS Logo

    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
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $1,541/mo

    Price history

    Price history
    DateEventPrice
    3/5/2026Pending sale$169,000
    Source: MRED as distributed by MLS GRID #12558859 Report a problem
    2/24/2026Price change$169,000-15.1%
    Source: MRED as distributed by MLS GRID #12558859 Report a problem
    2/9/2026Listed for sale$199,000
    Source: MRED as distributed by MLS GRID #12558859 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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

      Getting around

      71 / 100
      Very Walkable
      66 / 100
      Good Transit
      77 / 100
      Very Bikeable

      Nearby schools

      GreatSchools rating
      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.

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