Chicago, IL 60623 1239 S SPAULDING Avenue

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Presented By: Kale Realty
  • MLS# 12522582
  • 11/24/2025
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  • Beds • 17

Home Details

Turn-Key 6-Unit Investment Opportunity in Rapidly Growing North Lawndale 1239 S Spaulding Ave presents a rare chance to acquire a fully occupied (CHA/cash mix), condo-quality 6-unit building in one of Chicago's most active growth corridors. Each unit features modern finishes, recently replaced appliances, refreshed kitchens and baths, and the clean, updated feel that attracts strong, long-term tenants. The property includes full, gutted basements with laundry hookups, offering flexibility for future owner improvements-whether adding storage, shared laundry, or additional amenity space. Major building upgrades have already been completed, including roof work in 2025 and updated electrical service, significantly reducing near-term capital expenditures. With all units rented and generating consistent income, this turn-key asset is ideal for investors seeking stability, low maintenance, and attractive returns. Conveniently located near parks, transit, and growing neighborhood amenities, 1239 S Spaulding Ave delivers both immediate cash flow and long-term value in North Lawndale.
Presented By: Kale Realty

Interior Features for 1239 S SPAULDING Avenue

Other Interior Features

BasementUnfinished

General for 1239 S SPAULDING Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
DirectionsRoosevelt Road east or west to Spaulding, south to address
Electric Expense240
Fuel Expense
Gross Income107400
Insurance Expense5400
Lot Size Square Feet6537
MLS AreaCHI - North Lawndale
MaintenanceExpense
Net Operating Income79056
Number Of Units Total6
Operating Expense19044
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount9300
Tax Year2024
Tenant PaysElectricity, Heat
TownshipWest Chicago
Trash Expense2000
Water Sewer Expense2400
Year Built1899
ZoningMULTI

Exterior for 1239 S SPAULDING Avenue

Lot Dimensions33 X 125
Lot Size Acres0

Additional Details

Price History

Client Care

Price $749,999
MLS#12522582
List Date 11/24/2025
Property Type Multi-Family
Phone 847.485.2500
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