2501 S Springfield Avenue Chicago, IL ^$ 899,999

2501 S Springfield Avenue

^$ 899,999

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2501 S Springfield Avenue

Chicago, IL, 60623

^$ 899,999

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 6,287

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Multi-Family Home for sale in Chicago, IL

for $899,999 with 3 bedrooms. This home was built in 1917 on a lot size of 0.18292.

Discover the untapped potential of Little Village with this exclusive nine-unit with the potential for expansion to 12 units, all-brick building! Set against the backdrop of Little Village, a thriving community poised to become the next Pilsen, this property stands as one of the largest multi-unit buildings in the vicinity. Included is a former 2,400 sq ft Cookie Factory, adding an extra layer of versatility to the property, complemented by two generously sized, attached three-car garages that provide secure accommodation for a total of six cars. This is an exclusive, opportunity for investors and rehabbers seeking their next profitable venture! Don't miss out on this rare opportunity to secure a prominent stake in the evolving real estate landscape of Little Village. Bring your strategic vision and seize the potential for growth and profitability in this expanding community!

Multi-Family Active

Price

^$ 899,999

Bedrooms

Property Type

Multi-Family

Taxes

^$ 24,679

Style

Multi-Family

Lot Size

0.18292

Year Built

1917

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11929012

Features

General

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1917

Tenant Pays Electricity

Stories 3

Township West Chicago

Tax Year 2022

Current Use Multi-Family

Gross Income 0

County Cook

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

Property Type Commercial Sale Multi Family 5+

Possible Use Multi-Family

Status Active

Directions 26th Street To Springfield North One Block to Address

City Chicago

Total Units 9

MLS Area CHI - South Lawndale

Lot Size Square Feet 7968

Street Name Springfield

Tax Annual Amount 24679

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Days on Market 151

Standard Status Active

Exterior

Lot Dimensions 65 X 122

Exterior Brick

Interior

Street Suffix Avenue

* Excluded Features

List By

Realty Of Chicago Llc

Broker

alex@realtyofchicago.com

Affordability Calculator

$8,343

Per Month

Monthly Principal & Interest: $6,287
Monthly Property Taxes: $2,057
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$640,808

Percent of Sale Price 29%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/13/2023	$899,999		Listed Price

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2501 S Springfield Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $899,999 with a lot size of 0.18292. 2501 S Springfield Avenue has 3 bedrooms, 0.0 baths, and was built in 1917. The property's zip code is 60623 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 5/2/2024.

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2501 S Springfield Avenue

Multi-Family Home for sale in Chicago, IL

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