Chicago, IL 60623 2407 S SPAULDING Avenue

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Presented By: Illinois Real Estate Partners Inc
  • MLS# 12294860
  • 02/20/2025
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Home Details

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".
Presented By: Illinois Real Estate Partners Inc

General for 2407 S SPAULDING Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CountyCook
Directions25th St E or W to Spaulding then North to 2407
Electric Expense
Fuel Expense
Gross Income46800
Insurance Expense5640
MLS AreaCHI - South Lawndale
MaintenanceExpense
ModificationTimestamp2025-06-18T05:07:04.992Z
Net Operating Income28826
Number Of Units Total5
Operating Expense17973
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount7173.44
Tax Year2023
Tenant PaysElectricity, Heat
Trash Expense3516
Water Sewer Expense1644
Year Built1908

Exterior for 2407 S SPAULDING Avenue

Lot Dimensions3125

Additional Details

Price History

Client Care

Price $589,000
MLS#12294860
List Date 02/20/2025
Property Type Multi-Family
Phone 847.485.2500
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