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    1239 S Spaulding Ave Chicago, IL 60623

    For Sale
    $749,999

    Commercial Sale - Chicago, IL

    Days on Market:
    16
    Last Refresh:
    Dec 10 at 12:06 am

    Property Features for 1239 S Spaulding Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    16232060180000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1899
    Number of units
    6
    Architectural style
    Other

    Kale Realty (312) 939-5253 [email protected]

    Listing agent Trisha Koors (312) 939-5253 License #475215155

    Listing date Nov 25, 2025

    MLS# 12522582 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

    Turn-Key Investment Opportunity in Chicago

    This is a turn-key, fully occupied 6-unit building in the rapidly growing North Lawndale area of Chicago. The property is a condo-quality building with a mix of CHA and cash tenants. Each unit features modern finishes, recently replaced appliances, and refreshed kitchens and baths. The property includes full, gutted basements with laundry hookups, offering flexibility for future owner improvements such as 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 asset is ideal for investors seeking stability, low maintenance, and attractive returns. The property is conveniently located near parks, transit, and growing neighborhood amenities. The zoning is MULTI. It is located in Cook County.
    Property Profile Location Intelligence

    Current Use by Public Records

    nicedealsforu Internet Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.7077231
    Latitude
    41.8651487

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 6-unit building in a rapidly growing area.
    Where is this apartment building located?
    The property is located at 1239 S Spaulding Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $749,999.
    What are key features of this property?
    This property features: - Fully occupied 6-unit building generating consistent income.; - Turn-key property requiring low maintenance.; - Condo-quality units with modern finishes, refreshed kitchens and baths, and recently replaced appliances.
    (312) 939-5253
    Request Owner's contact information
    1239 S Spaulding Ave Chicago, IL 60623
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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
    1239 S Spaulding Ave Chicago, IL 60623
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