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Two-Unit Greystone Building

1220 S Springfield Avenue, Chicago, IL 60623

For Sale
$210,000
Pending

1905 multifamily property with distinct unit layouts, basement storage, outdoor space, and convenient regional access.

Property SizeContact for details
Days on Market222

Property Features for 1220 S Springfield Avenue

General Information

Standard status Pending
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Lawndale
Highway Access Yes

Units

Unit Mix 1 x 3BR/1BA, 1 x 4BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,038

Amenities

in unit laundry
back porch
large yard

Building Details

Year Built 1905
Buildings 1
Construction Greystone
Listing Agency: Chicago Area Realty Inc 773-545-5300 Overview Additional information MLS R ID 12606687 Interior features Bedrooms 8 Total Bathrooms 2 Heating Yes Basement Yes Exterior features Lot Size 0.07 Acres Other property details Taxes $3,039 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Grazyna Przybysz with Chicago Area Realty Inc 773-545-5300
Listed By: Grazyna Przybysz · License #475121869
Source: Dawnmckennagroup
Added: Mar 31 Changed: Nov 7 Last Checked: Nov 6 at 6:51PM

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 Chicago Area Realty Inc 773-545-5300 Overview Additional information MLS R ID 12606687 Interior features Bedrooms 8 Total Bathrooms 2 Heating Yes Basement Yes Exterior features Lot Size 0.07 Acres Other property details Taxes $3,039 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Grazyna Przybysz with Chicago Area Realty Inc 773-545-5300

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Investment Insights

Based on property information with market context.

Built in 1905, this two-unit Greystone multifamily property offers separate residential layouts across the first and second floors. The first-floor residence includes living and dining rooms, three bedrooms, a large kitchen, a full bathroom, and in-unit laundry. The upper unit provides a living room, large kitchen, four bedrooms, and a full bathroom. High ceilings contribute to the building’s interior character, while separate heating serves the second floor.

Additional improvements include a full basement with exterior entry, a rear porch, and a large yard. The property is located in Chicago’s North Lawndale neighborhood at 1220 S Springfield Avenue, with expressway access and downtown Chicago within a short distance. The building is offered as-is.

Key Highlights

  • Two‑unit Greystone multifamily property built in 1905
  • First‑floor unit with 3 bedrooms and in‑unit laundry
  • Second‑floor unit with 4 bedrooms and separate heat

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

897
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
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Market

Properties on Market for Duplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - 1905 multifamily property with distinct unit layouts, basement storage, outdoor space, and convenient regional access.
Where is this duplex located?
The property is located at 1220 S Springfield Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit Greystone multifamily property built in 1905; First‑floor unit with 3 bedrooms and in‑unit laundry; Second‑floor unit with 4 bedrooms and separate heat
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