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Brick Triplex with Rear Balconies
New
For Sale
$469,900

1233 S Spaulding Avenue, Chicago, IL 60623

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market3

Property Features for 1233 S Spaulding Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 8, Basement
Parking 2
Parking features Open, Garage
Window features Screens
Exterior features Balcony
Basement Full, Exterior Entry, Walk-Up Access, Unfinished
Elementary school district 299
Middle school district 299
High school district 299
Directions DOUGLAS BLVD TO SPAULDING, NORTH TO 1233
Subdivision CHI - North Lawndale
Standard status Active
APN 16232060150000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7504

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas

Amenities

in-unit washer/dryer
central A/C
rear balcony
dishwasher hookups

Building Details

Building materials Brick
Roof type Flat
Listing Agency: Kale Realty
Listed By: Anjali Khetarpal
Added: Sep 25 Changed: Sep 26 Last Checked: Sep 27 at 2:06PM
MLS# 12764393

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This brick triplex contains three above-ground apartments with a combined 8 bedrooms and 3 bathrooms on a 0.07-acre lot. The first-floor unit has 2 bedrooms, an open kitchen and living area, a second living space, in-unit laundry, and a rear balcony. The second- and third-floor apartments each have 3 bedrooms, an eat-in kitchen, and a rear balcony; the upper unit also has central A/C and views of the Chicago skyline. An unfinished basement and 2-car garage round out the property. Electricity and gas are metered separately for each unit.

Improvements include a new water service line and front sidewalk completed in 2024, steel basement support columns installed in 2020, and rear stair work in 2026. The garage door was replaced, and mechanical and appliance updates were made to the first- and second-floor units from 2020 to 2024. Douglass Park, the Illinois Medical District, I-290, public transportation, and the Roosevelt Road corridor are nearby.

Key Highlights

  • Three above‑ground units with 8 bedrooms and 3 bathrooms
  • Three rear balconies; the third‑floor balcony has Chicago skyline views
  • 2‑car garage and unfinished basement

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Skin Care Clinic Acupuncture Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

811
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three separately metered apartments offer distinct bedroom configurations and outdoor space.
Where is this triplex located?
The property is located at 1233 S Spaulding Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Three above‑ground units with 8 bedrooms and 3 bathrooms; Three rear balconies; the third‑floor balcony has Chicago skyline views; 2‑car garage and unfinished basement
More about this property
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