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Brick Triplex
For Sale
$469,900

1233 S Spaulding Avenue, Chicago, IL 60623

Three flats have separate gas and electric meters, with balconies serving the upper two residences.

Property SizeContact for details
Days on Market11

Property Features for 1233 S Spaulding Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Taxes and HOA fees

Annual Taxes $7,503
Listing Agency: Kale Realty
Listed By: Anjali Khetarpal
Source: Harkinsandassociates
Added: Sep 25 Changed: Oct 4 Last Checked: Oct 4 at 1:38PM

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 Kale Realty

Investment Insights

Based on property information with market context.

This brick triplex contains three above-ground apartments with a combined 8 bedrooms and 3 bathrooms. The first-floor home has 2 bedrooms, an open kitchen and living area, a second living space, in-unit laundry, and a rear balcony. The 3-bedroom apartments above each have an eat-in kitchen and rear balcony; the second-floor unit has laundry hookups, while the third-floor unit includes central A/C and views of the Chicago skyline. The property also has an unfinished basement and a 2-car garage, with gas and electricity metered separately for each apartment.

Improvements include a new water service line and front sidewalk completed by the City in 2024, steel basement support columns installed in 2021, rear stair work in 2026, a replacement garage door, and mechanical and appliance updates to the first- and second-floor units from 2020 to 2024.

The property is near Douglass Park, which offers a pool, courts, sports fields, walking paths, and a lagoon. Access to the Illinois Medical District, I-290, public transportation, and the Roosevelt Road corridor is noted.

Key Highlights

  • Three apartments with 8 bedrooms and 3 bathrooms total
  • Separate gas and electric meters for each unit
  • 2‑car garage and unfinished basement

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Skin Care Clinic Acupuncture Kitchen & Bath Showroom

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

811
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

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?
Triplex - Three flats have separate gas and electric meters, with balconies serving the upper two residences.
Where is this triplex located?
The property is located at 1233 S Spaulding Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Three apartments with 8 bedrooms and 3 bathrooms total; Separate gas and electric meters for each unit; 2‑car garage and unfinished basement
More about this property
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