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Renovation-Ready Duplex
For Sale
$149,000
Pending

3515 W Cermak Rd, Chicago, IL 60623

Two-level income property with separate living spaces, an unfinished basement, and a side yard along Cermak Road.

Property SizeContact for details
Days on Market237

Property Features for 3515 W Cermak Rd

General Information

Standard status Pending
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence FULL RENOVATION

Units

Unit Mix 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units 2

Building Details

Year Built 1878
Buildings 1
Listing Agency: Real Broker, LLC
Listed By: Melanie Little (630) 781-2334 · License #02144957
Source: Searchillinoishomesforsale
Added: Jan 9 Changed: Aug 29 Last Checked: Aug 25 at 7:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC

Investment Insights

Based on property information with market context.

This two-unit duplex at 3515 W Cermak Road requires a full renovation and is being offered in as-is condition. The first residence includes two bedrooms, a living room, separate dining room, full bathroom, and large walk-in pantry. The upper unit follows a similar layout with an additional third bedroom. Both units retain original interior character, while the unfinished basement provides additional space for future improvements. The property was built in 1878 and features radiant heat.

Recent work includes rebuilding the rear exterior stairwell and back porch. A side yard extends along the property, and a commercial sign on the site has previously been rented by the owner. The duplex is located in Chicago’s South Lawndale/Little Village neighborhood, with access from its Cermak Road address.

Key Highlights

  • Two‑unit duplex at 3515 W Cermak Road, Chicago, IL 60623
  • First‑floor unit has 2 bedrooms; second‑floor unit has 3 bedrooms
  • Full renovation required; property offered as‑is

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Skin Care Clinic HVAC Service Nursing Home Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,204
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-level income property with separate living spaces, an unfinished basement, and a side yard along Cermak Road.
Where is this duplex located?
The property is located at 3515 W Cermak Rd Chicago, IL.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two‑unit duplex at 3515 W Cermak Road, Chicago, IL 60623; First‑floor unit has 2 bedrooms; second‑floor unit has 3 bedrooms; Full renovation required; property offered as‑is
More about this property
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