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Corner Apartment Building with Upgrades
For Sale
$1,395,000

4458 N Spaulding Avenue, Chicago, IL 60625

Six upgraded units, updated roof/windows, potential for seventh unit.

Property SizeContact for details
Days on Market490

Property Features for 4458 N Spaulding Avenue

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $14,310

Building Details

Year Built 1915
Listing Agency: BURTON REALTY GROUP, LLC
Listed By: JOSEPH SCHECK
Source: Corcoran
Added: Apr 22, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BURTON REALTY GROUP, LLC

Investment Insights

Based on property information with market context.

This corner walk-up apartment building features six upgraded residential units. All units have been updated within the past 10 years. The roof and windows were replaced in 2015. Each unit is separately heated with individual furnaces, and cooling is provided via window AC units. The property includes one exterior parking space at the rear, currently leased. A non-conforming garden apartment offers potential for conversion into a legal 7th unit through the city's ADU program. Shared coin-operated laundry (leased) and basement storage complete the offering.

Key Highlights

  • Six upgraded residential units, all updated within the past 10 years.
  • Corner walk‑up apartment building.
  • Potential to convert non‑conforming garden apartment into a legal 7th unit via ADU program.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Skin Care Clinic Nursing Home Home Appliance Store Bed & Breakfast Locksmith

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

2,226
Businesses Nearby

Demographics for 60625, IL

76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value

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?
Apartment building - Six upgraded units, updated roof/windows, potential for seventh unit.
Where is this apartment building located?
The property is located at 4458 N Spaulding Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Six upgraded residential units, all updated within the past 10 years.; Corner walk‑up apartment building.; Potential to convert non‑conforming garden apartment into a legal 7th unit via ADU program.
More about this property
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