Renovated Three-Unit
For Sale
$699,000
1505 S Spaulding Avenue, Chicago, IL 60623
Residential Income, Chicago, IL
Property SizeContact for details
Days on Market8
Property Features for 1505 S Spaulding Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 7, Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 3, Bedroom 3, Bathroom 4, Basement, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 8
Parking
2
Parking features
Garage
Basement
Full, Unfinished
Elementary school district
299
Middle school district
299
High school district
299
Directions
South on Kedzie to 16th St, West on 16th st to Spaulding North on Spaulding to 1505 S Spaulding
Subdivision
CHI - North Lawndale
Standard status
Active
APN
16232280020000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5445
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Building materials
Brick
Listing Agency:
EXIT Strategy Realty · EXIT Realty
(312) 554-5478
Listed By:
Eboni Mills · License #475156361
(312) 493-0920
Added: Sep 10
Changed: Sep 16
Last Checked: Sep 17 at 1:06AM
MLS# 12756234
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 renovated three-unit Greystone at 1505 S Spaulding Avenue includes updated mechanical, electrical, and plumbing systems along with a new roof. Each unit has separate utilities. The first floor contains 2 bedrooms and 2 bathrooms, while the second and third floors each offer 3 bedrooms and 2 bathrooms. Interior improvements include modern kitchens with white shaker cabinetry and quartz countertops, plus updated bathrooms.
The basement is preapproved for an ADU, creating the option for a fourth unit or a duplex configuration with the first floor. A two-car brick garage provides on-site parking. The property has public water and public sewer, natural gas heating, and access to public transportation, major roadways, neighborhood amenities, and downtown Chicago. It is located in North Lawndale.
The basement is preapproved for an ADU, creating the option for a fourth unit or a duplex configuration with the first floor. A two-car brick garage provides on-site parking. The property has public water and public sewer, natural gas heating, and access to public transportation, major roadways, neighborhood amenities, and downtown Chicago. It is located in North Lawndale.
Key Highlights
- Fully renovated three‑unit Greystone with new mechanical, electrical, and plumbing systems
- Unit mix includes one 2‑bedroom, 2‑bathroom unit and two 3‑bedroom, 2‑bathroom units
- Basement preapproved for an ADU or duplex connection with the first floor
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature separate utilities, updated interiors, and a two-car brick garage.
Where is this triplex located?
The property is located at 1505 S Spaulding Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Fully renovated three‑unit Greystone with new mechanical, electrical, and plumbing systems; Unit mix includes one 2‑bedroom, 2‑bathroom unit and two 3‑bedroom, 2‑bathroom units; Basement preapproved for an ADU or duplex connection with the first floor
