4231 N Spaulding Avenue
Chicago, IL 60618

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $599,000

About this home

Enjoy this well-maintained Irving Park two-flat with a basement in-law suite on an extra wide 30' lot, complete with 2 car garage and rear turfed backyard! This property is a fantastic investment opportunity that boasts 3 separate dwelling units and has been well cared for - all new roof in 2021, newer boiler, new water hear in 2023 and fully renovated modern units 1 and 2 with new kitchen, baths, and hardwood floors in 2017/2018. Unit 1 is currently rented furnished on a short-term lease basis, offering flexible rental options for 3-6 month terms, ranging $1900-$2100, depending on the time of year (lease up early April). Meanwhile, Unit 2 has enjoyed consistent tenants since 2021 and is leased on a yearly basis. Ample storage throughout each unit with spacious living and dining rooms. Shared laundry in basement and detached garage in the rear. Take advantage of this incredible opportunity to own a well-maintained income property with great rental potential.

Property details

Interior Features
Additional Rooms Enclosed Porch, Foyer, Utility Room-Lower Level
Basement Description Finished
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 3
Full Baths in Building Count 3
Total Rooms 15
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 2100
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Disposal, Window Air Conditioner, Range Hood, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 4/24
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1650
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Disposal, Window Air Conditioner, Range Hood
Full Baths Total 1
Lease Expiration Date 10/24
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 2
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1909
Parking Total 2
Exterior Building Type Vinyl Siding
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2017
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Irving Park
Zoning Type MULTI
Corporate Limits Chicago
Directions West on Montrose, South on Spaulding to 4231
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Steam
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Jefferson
Property / Lot Details
Lot Dimensions 30 X 125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing FHA
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13144140090000
Special Assessments N
Taxes $7,619
Tax Year 2022
$599,000 Listing Price:
MLS # 12017441
Investment Profile Residential Income
Listing Market Time 60 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 04/01/2024
Year Built 1909
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