3515 W Cermak Road, Chicago, IL 60623

• 5 beds |
• 2 baths

Property Description

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.

Listing Status:

Active

Data Last Updated:

February 13, 2026 at 8:19PM

Listing Office:

Real Broker, LLC : 217-960-8605

Listing Agent:

Melanie Little : 630-781-2334

MLS ID:

12558859

Interior

• Basement: CellarFull
• Heating: Radiant

Exterior

• Parking: UnassignedDrivewayGarage Faces SideYesOwnedParking spaces: 2

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 16262010370000

Utilities

• Water: Lake MichiganPublic
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple