Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4139 N Springfield Ave Chicago, IL 60618

    Sponsored
    For Sale
    Under Contract
    $650,000

    MULTI_FAMILY - Chicago, IL

    Days on Market:
    9
    Last Refresh:
    Jan 8 at 2:06 pm

    Property Features for 4139 N Springfield Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 5, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 6, Basement, Bathroom 1, Bedroom 1, Bathroom 5, Bedroom 2, Bathroom 2, Bedroom 9, Bathroom 4, Bedroom 8, Bedroom 4
    Bedrooms
    9
    Bathrooms
    5
    APN
    13143190060000
    Parking
    3
    Parking features
    Garage
    Basement
    Partially Finished, Walk-Out Access

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant, Baseboard
    Water source
    Public

    Building Details

    Year built
    1978
    Building materials
    Brick

    Charles Rutenberg Realty (630) 929-1100 [email protected]

    Listing agent Dorie Westmeyer (847) 989-4870

    Listing date Dec 31, 2025

    MLS# 12536637 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

    Large Irving Park Three-Flat

    This is a rare opportunity to purchase a large, legal brick three-flat situated on an oversized lot, approximately 42 feet wide, in the Irving Park neighborhood. The property is conveniently located within walking distance of the Blue Line, Tony's Grocery, and Independence Park, with an 88 Walk Score. Constructed around 1978, the building presents a good development opportunity due to its large lot size, approximately 42 feet wide by 125 feet long. The location provides easy access to downtown and the suburbs. The apartments feature good-sized bedrooms and eat-in kitchens, with two of the units including 1 1/2 baths. Currently, only one unit is rented on a month-to-month basis. The apartments require some renovations. The building is equipped with three separate boilers and water heaters, as well as a sump pump and exterior drain tile system. Tenants are responsible for heat and electric. A three-car garage includes one rented parking spot. This property offers an excellent opportunity for investors to update the apartments for higher market rents, with updated three-bedroom units in the area renting for over $2,000 per month. The property is suitable for owner-occupancy, allowing the owner to live in one unit and rent out the others, or for multi-generational family living. Alternatively, the lot could be used to build a new home. The property is being sold "As Is". The neighborhood is walkable and features a mix of single-family and small multi-family buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Traders Computer Services ... Data Recovery Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -87.724902
    Latitude
    41.956744

    Nearby Similar for Sale

    • $2,350,000

      Renovated Multifamily Building in Rogers Park

      Completely renovated 4-unit building near Loyola University and the Red Line.
      1535 W Estes Ave, Chicago, IL 60626
      View Details
    • New
      $4,240,000
      0.46 Acres

      Bronzeville Collection: Turnkey Multifamily Portfolio

      Classic Chicago multifamily property with extensive renovations and abundant investment opportunities.
      4840 S Indiana Ave, Chicago, IL 60615
      View Details
    • New
      $8,360,000
      0.46 Acres

      Bronzeville Multifamily Investment Opportunity

      31-unit multifamily property in Chicago's Bronzeville neighborhood near Green Line.
      4358 S Prairie Ave, Chicago, IL 60653
      View Details
    • $699,900
      0.07 Acres

      Residential Income Greystone in Chicago

      Brick building with oversized units in a desirable Chicago location.
      4615 S Vincennes Ave, Chicago, IL 60653
      View Details
    • $699,999
      0.07 Acres

      Turnkey Two-Flat Investment Property

      Modernized two-flat in Chicago, ideal for investors or owner-occupants.
      321 S Richmond St, Chicago, IL 60612
      View Details
    • $1,699,000
      Pending

      Six-Unit Multifamily Building in Chicago

      Well-maintained, fully rented six-unit building with architectural details.
      1509 W Thomas St, Chicago, IL 60642
      View Details
    • New
      $1,049,000

      Four-Unit Multifamily Investment Opportunity

      Four units in Chicago's east Washington Park neighborhood.
      5644 S Prairie Ave, Chicago, IL 60637
      View Details
    • New
      $1,045,000

      Washington Park Four-Unit Investment Opportunity

      Four-unit property in east Washington Park with modern improvements.
      5331 S Calumet Ave, Chicago, IL 60615
      View Details
    • $4,000,000

      Renovated 9-Unit Building in Chicago

      Fully renovated 9-unit building near Hyde Park and lakefront.
      442-444 E 48Th St, Chicago, IL 60615
      View Details
    • New
      $449,000

      Three-Unit Brick Building in Chicago

      Legal three-unit building with refurbishment potential in a vibrant neighborhood.
      321 N Avers Ave, Chicago, IL 60624
      View Details
    • New
      $2,595,000

      Renovated Mixed-Use Building in Lincoln Park

      Two-tenant commercial/residential building near Lincoln Park with long-term income.
      1950 N Sedgwick St, Chicago, IL 60614
      View Details
    • $1,365,000
      0.17 Acres

      South Shore Multifamily Investment Opportunity

      Value-add 12-unit property near Lake Michigan and public transportation.
      7839 S Kingston Ave, Chicago, IL 60649
      View Details

    FAQs

    What type of property is this?
    Apartment building - Spacious three-flat on an oversized lot in Irving Park.
    Where is this apartment building located?
    The property is located at 4139 N Springfield Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Large, legal brick 3-flat on an oversized lot in a desirable location.; - Excellent development opportunity given the approx. 42 ft x 125 ft lot size. New homes in the area selling for $1.5 mil to over $2mil +.; - Walkable location (88 Walk Score) near Blue Line, Tony's Grocery, Independence Park, and restaurants.
    (847) 989-4870
    Request Owner's contact information
    4139 N Springfield Ave Chicago, IL 60618
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4139 N Springfield Ave
    Chicago, IL 60618
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4139 N Springfield Ave Chicago, IL 60618
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.