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    1005 N Springfield Ave Chicago, IL 60651

    For Sale
    $515,000

    Residential Income - Chicago, IL

    Days on Market:
    122
    Last Refresh:
    Dec 7 at 6:06 am

    Property Features for 1005 N Springfield Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    12
    APN
    16023110180000
    Parking
    4

    Building Details

    Year built
    1930
    Architectural style
    Other

    RE/MAX City (773) 775-0600 [email protected]

    Listing agent Jose Tenezaca (773) 775-0600 License #475137805

    Listing date Aug 8, 2025

    MLS# 12441818 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Multifamily Rehab Opportunity

    This multifamily property at 1005 N Springfield Avenue, Chicago, IL 60651 presents an opportunity for investors. The property features four units, each with two bedrooms (13x12 plus a tandem 9x10), separate living and dining rooms, and approximately 1400 square feet of living space. Additionally, there are two unfinished basements with front and rear entrances. A four-car brick garage with a new roof is included. Note that the property requires a full rehabilitation and has pending violations (11 total). It is being sold in as-is condition, with cash offers only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7234144
    Latitude
    41.8993509

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    FAQs

    What type of property is this?
    Quadplex - Four units needing full rehab in Chicago's 60651 zip code.
    Where is this quadplex located?
    The property is located at 1005 N Springfield Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: - Four Units: Great for investment.; - Large Unit Size: Each unit boasts 1400 sqft.; - Two Unfinished Basements: Opportunity for expansion.
    (773) 775-0600
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1005 N Springfield Ave Chicago, IL 60651
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