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Rehabbed Multifamily Property with Garage
For Sale
$499,900

1944 S Springfield Avenue, Chicago, IL 60623

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market10

Property Features for 1944 S Springfield Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 3, Basement, Bedroom 1
Parking 2
Parking features Open, Garage
Basement Unfinished, Full, Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions Take Ogden to Avers, Avers to 19th St, then 19th to Springfield."
Subdivision CHI - North Lawndale
Standard status Active
APN 16233180380000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5243

Utilities

Sewer type Public Sewer
Heating system Forced Air

Amenities

driveway
garage
fenced yard
central air conditioning
finished basement
in-unit laundry

Building Details

Building materials Brick, Stone
Listing Agency: EXIT Strategy Realty · EXIT Realty
Listed By: Arelis Santamaria · License #475143596
Added: Sep 8 Changed: Sep 14 Last Checked: Sep 17 at 1:06AM
MLS# 12753194

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 Chicago multifamily property is a brick-and-stone building with 7 bedrooms and 3 bathrooms. Improvements include a garage, open parking, a private side driveway, fenced yard, central A/C, forced-air heat, and a finished basement configured with an in-law arrangement and 2 separate exits. The property was rehabbed in 2020 and includes first-floor in-unit laundry.

Located near Ogden Ave, the property is minutes from the West Loop and Downtown Chicago. MULTI zoning and public sewer service support its existing multifamily configuration, while the combination of garage, open parking, basement space, and separate access adds practical functionality.

Key Highlights

  • 7‑bedroom, 3‑bathroom multifamily property
  • Rehabbed in 2020 with first‑floor in‑unit laundry
  • Finished basement with in‑law arrangement and 2 separate exits

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Hotel & Motel Tech Support Center

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

Location Intelligence

Trade Area within ½ mile

1,187
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
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Brick-and-stone multifamily property with a finished basement, fenced yard, private driveway, and on-site parking.
Where is this multifamily property located?
The property is located at 1944 S Springfield Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 7‑bedroom, 3‑bathroom multifamily property; Rehabbed in 2020 with first‑floor in‑unit laundry; Finished basement with in‑law arrangement and 2 separate exits
More about this property
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