Chicago, IL 60623 1338 S Springfield Avenue
$525,000



3 more




Presented By: Optimus Realty Inc
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
