1607 S Spaulding Avenue
Chicago, IL 60623

Status: Sold
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $459,900
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About this home

Welcome to this rare chance to acquire a modern 3-unit building constructed in 2007 with great rental adding value opportunity. Each unit has 3 bedrooms, 2 full bathrooms, & the convenience of in-unit washer/dryers. This property presents a golden opportunity to enhance its value, allowing you to maximize rents up to an impressive $1, 750 per month. Don't let this outstanding investment opportunity slip through your fingers. Act now & unlock the full potential of this property!

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 25 X 125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 16-20 Years
3 Bedroom Unit in Building Yes
Approx Year Built 2007
Parking Total 3
Exterior Building Type Brick
Parking Features Unassigned
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - North Lawndale
Zoning Type MULTI
Corporate Limits Chicago
Directions east/west on Ogden to Spaulding, 1-way north to property.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Farragut Career Academy Senior H
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 6
Full Baths in Building Count 6
Total Rooms 18
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 1048
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 2
Lease Expiration Date MO/MO
Rooms Total 6
Tenant Pays All
Floor Number 1
unit 2
Beds Total 3
Baths Total 2
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 2
Lease Expiration Date VAC
Rooms Total 6
Tenant Pays All
Floor Number 2
unit 3
Beds Total 3
Baths Total 2
Actual Rent 1233
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 2
Lease Expiration Date MO/MO
Rooms Total 6
Tenant Pays All
Floor Number 3

Financials

ElectricExpense 227
Electric Expense Source Owner Projection
Financing Conventional
Insurance Expense $2,116
Insurance Expense Source Owner Projection
Investment Profile Residential Income
Water Expense $1,733

Tax/Assessments/Liens

PIN 16234060020000
Special Assessments N
Taxes $3,522
Tax Exemptions None
Tax Year 2022
$459,900 Listing Price:
MLS # 11974582
Investment Profile Residential Income
Listing Market Time 37 days
Basement None
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 02/06/2024
Year Built 2007
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