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It's one of the 4 early 150 series electrics (earliest O-Gauge engines made by Lionel?). They all look almost identical, strap headlight, Bell, body shape. The lack of journals (or slots to attach them) implies yours is a 150.

In that condition, it's not worth a lot. If the wheels are crumbling from zinc rot, not much at all (4 wheels cost ~$40). Good wheels, a good repaint, and good running condition may fetch anywhere from $50 to $100 on eBay. A top notch restoration may double that.

TTender.com has many replacement parts (e.g., wheels) for this loco.

150 Electric.png

150 Series Electrics:

150 0-4-0 NYC Electric 1918 - 1925
152 0-4-0 NYC Electric 1917 - 1927
154 0-4-0 NYC Electric 1917 Only (Early Version)
154 0-4-0 NYC Electric 1917 - 1923 (Later Version)
 

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Was hoping it was from the 700 series which the 150 series derived from but it would say Lionel manufacturing on the pickup plate another way to tell if thats missing is the hole configuration on the top where the headlights go.
But yes its a 150 or 152 the 153 had a hand reverse rod that came out on end of the body.
The 154 was had a bigger body and the 156 even larger and the largest of the 150 series..
The 158 did not have headlights it had a round type reminds me of old cars round headlight that was empty and had one on each end.
Personally they are nice little old engines and simple to maintain.
 
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