Chicago, IL 60623 1338 S Springfield Avenue

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Presented By: Optimus Realty Inc
  • MLS# 12362273
  • 05/11/2025
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  • Beds • 5

Home Details

Turnkey 6 unit building, the apartments boast hardwood flooring, gas-forced air heat and individually metered utilities, offering both comfort to tenants and efficiency to owners. The unit mix-three 3-bedroom/1-bath units and three 2-bedroom/1-bath units-caters to a wide range of renters and supports strong rent performance. Adding to the appeal is a seasoned property manager already in place and available to continue with the new owner. This offers a seamless handoff and immediate management continuity. Whether you're looking to expand your portfolio or lock in a high-performing asset, this property delivers on every front: location, returns, quality, and ease of ownership. Schedule your viewing today and capitalize on this rare opportunity to own a fully rehabbed, income-producing 6-unit in a proven rental market.
Presented By: Optimus Realty Inc

Interior Features for 1338 S Springfield Avenue

Other Rooms

General for 1338 S Springfield Avenue

Additional Parcels Y/NNo
Cap Rate12
CityChicago
ContingencyAttorney/Inspection
CountyCook
DirectionsPulaski to Roosevelt then East to Springfield South to property.
Electric Expense420
Fuel Expense
Gross Income
Insurance Expense3500
MLS AreaCHI - North Lawndale
MaintenanceExpense10800
ModificationTimestamp2025-05-27T23:08:01.649Z
Net Operating Income
Number Of Units Total6
Operating Expense0
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories3
Tax Annual Amount4445
Tax Year2023
Tenant PaysElectricity, Heat
TownshipWest Chicago
Trash Expense1512
Water Sewer Expense6000
Year Built1908
ZoningMULTI

Exterior for 1338 S Springfield Avenue

BuyerOfficeFax(312) 467-0022
Lot Dimensions30X125

Additional Details

Price History

Client Care

Price $525,000
MLS#12362273
List Date 05/11/2025
Property Type Contingent
Phone 847.485.2500
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