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$ 169,000
Est. payment /mo
Pending
3515 W Cermak RD Chicago, IL 60623
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12558859
Bedrooms 5
Year Built 1878
Annual Tax Amount $2,766
Tax Year 2024
Property Sub-Type Two to Four Units
Property Description
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.
Location
State IL
County Cook
Area Chi - South Lawndale
Rooms
Basement Cellar, Full
Interior
Heating Radiant
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Melanie Little of Real Broker, LLC