2407 S SPAULDING Avenue
Chicago, IL, 60623
$589,000
Beds
0 Baths
0 SqFt
0 Acres
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$589,000
2407 S SPAULDING Avenue
Chicago, IL, 60623
MLS #MRD12294860 image #0MLS #MRD12294860 image #1MLS #MRD12294860 image #2MLS #MRD12294860 image #3MLS #MRD12294860 image #4MLS #MRD12294860 image #5MLS #MRD12294860 image #6MLS #MRD12294860 image #7MLS #MRD12294860 image #8MLS #MRD12294860 image #9MLS #MRD12294860 image #10MLS #MRD12294860 image #11MLS #MRD12294860 image #12MLS #MRD12294860 image #13MLS #MRD12294860 image #14MLS #MRD12294860 image #15MLS #MRD12294860 image #16MLS #MRD12294860 image #17MLS #MRD12294860 image #18MLS #MRD12294860 image #19MLS #MRD12294860 image #20MLS #MRD12294860 image #21MLS #MRD12294860 image #22
Great investment opportunity for a multifamily 5-unit brick building located in the heart of the vibrant Little Village neighborhood. This 5-unit property features a 3-flat brick building with a full unfinished attic in front with an exterior frame rear porch that allows for additional porch space plus a rear brick 2-unit coach house. Also, a separate 2 car frame detached garage all on the same lot. This fully fenced property offers a significant potential for rental increases with long term tenants. Currently being rented to long term tenants at below market rates. Each unit is equipped with its own furnace heating system, water, and separate utilities providing tenants with control over their utilities and reducing owner expenses, offering an attractive return on investment. A high-performing asset with both immediate cash flow and long-term value appreciation! Conveniently located close to the thriving 26th street corridor that offers attractive shopping, restaurants, grocery, financial institutions, schools, houses of worship and much more! Close to Ogden CTA Train, bus lines, I-290 & I-55 Expressways. Units 1F & 2F are vacant and available for showings. Estate Sale – Sold “AS-IS”.

Property Details

Price:
$589,000
MLS #:
MRD12294860
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
CHI – South Lawndale
Listed Date:
Feb 20, 2025
Year Built:
1908
Chi – South LawndaleChi – South Lawndale

Schools

Interior

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$28,826
Tax Year
2023
Taxes
$7,173
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Sep 05, 2025
1,067
Commercial Listed
165
Avg DOM
155
Avg $ / SqFt
$1,042,032
Avg List Price

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Property Summary

    2407 S SPAULDING Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60623. It is listed for $589,000 To schedule a showing of MLS#mrd12294860 at 2407 S SPAULDING Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
2407 S SPAULDING Avenue
Chicago, IL