$225,000
1528 S Spaulding Avenue
Chicago, IL, 60623
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.
Property Details
Price:
$225,000
MLS #:
MRD12403997
Status:
Active Under Contract
Beds:
8
Baths:
2
Address:
1528 S Spaulding Avenue
Type:
Multi Family
Neighborhood:
CHI – North Lawndale
City:
Chicago
Listed Date:
Jul 4, 2025
State:
IL
ZIP:
60623
Year Built:
1896
Schools
School District:
299
Interior
Heating
Forced Air
Exterior
Construction Materials
Brick
Parking Features
Off Alley, On Site
Parking Spots
2
Financial
Tax Year
2023
Taxes
$2,011
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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