1239 S SPAULDING Avenue Chicago, IL $ 749,999
1239 S SPAULDING Avenue
$ 749,999
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1239 S SPAULDING Avenue

Chicago, IL, 60623
$ 749,999
Bedrooms17 Baths0.0

Monthly Estimate*

$ 4,679

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Multi-Family Home for sale in Chicago, IL

for $749,999 with 17 bedrooms. This home was built in 1899.

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.

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Multi-Family Active

Price

$ 749,999

Bedrooms

17

Property Type

Multi-Family

Taxes

$ 9,300

Style

Year Built

1899

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12522582

Features
General
Cooling Central Air
Zoning MULTI
Construction Materials Brick
Year Built 1899
Tenant Pays Electricity Heat
Stories Count 3
Township West Chicago
Tax Year 2024
Gross Income 107400
County Cook
Net Operating Income 79056
Operating Expense 19044
Insurance Expense 5400
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status Active
Directions Roosevelt Road east or west to Spaulding south to address
City Chicago
Number Of Units Total 6
MLS Area CHI - North Lawndale
Lot Size Square Feet 6537
Tax Annual Amount 9300
Electric Expense 240
Fuel Expense 0
Trash Expense 2000
Water Sewer Expense 2400
Additional Parcels Y/N N
Standard Status Active
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Interior
Basement Unfinished
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Exterior
Lot Dimensions 33 X 125
Lot Size Acres 0
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* Excluded Features
List By
Kale Realty

Broker

trisha.koors@gmail.com

Email

Affordability Calculator

$5,454
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,679
Monthly Property Taxes
$775
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/25/2025$749,999 Listed Price

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1239 S SPAULDING Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $749,999. 1239 S SPAULDING Avenue has 17 bedrooms, 0.0 baths, and was built in 1899. The property's zip code is 60623 which is in Chicago, IL