REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 225,000
Est. payment /mo
Active Under Contract
1528 S Spaulding Avenue Chicago, IL 60623
8 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12403997
Bedrooms 8
Year Built 1896
Annual Tax Amount $2,011
Tax Year 2023
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
Located on a quiet residential street in North Lawndale, this two-flat presents a strong investment opportunity for buyers seeking a value-add property. Each unit offers four bedrooms, one bathroom, in-unit laundry hook-ups, and separate furnaces. While the building requires rehab, repairs and updates, it holds significant potential for long-term rental income or redevelopment. Potential income is $36,000/annual. The property is situated near a public high school and neighborhood park, adding to its appeal for future tenants. This is a solid option for INVESTORS looking to build EQUITY through renovation.
Location
State IL
County Cook
Rooms
Basement Unfinished, Full
Interior
Heating Forced Air
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Yolanda Davis • Realty Boutique