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3-Unit Brick Apartment Building
For Sale
$439,900

1233 S Spaulding Avenue, Chicago, IL 60623

Three above-ground residences include rear balconies, with an unfinished basement and a detached two-car garage.

Property SizeContact for details
Days on Market12

Property Features for 1233 S Spaulding Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype MULTI_FAMILY

Site & Location

Neighborhood Lawndale
Highway Access Yes
Public Transit Yes

Units

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

Taxes and HOA fees

Annual Taxes $7,503

Building Details

Buildings 1
Construction brick
Listing Agency: Kale Realty
Listed By: Anjali Khetarpal
Source: Dawnmckennagroup
Added: Oct 15 Changed: Oct 25 Last Checked: Oct 24 at 10:31PM

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

Rey
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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 unit has an open kitchen and living area, a second living space, in-unit laundry, and a rear balcony. The upper apartments each have three bedrooms, eat-in kitchens, and rear balconies; the third-floor balcony offers views of the Chicago skyline. An unfinished basement and a two-car garage are also part of the property. Electricity and gas are individually metered. The first- and second-floor units received mechanical and appliance updates from 2020 to 2024.

Work also includes steel basement support columns installed in 2021, a city-completed water service line and front sidewalk replacement in 2024, and rear stair improvements in 2026. The garage door has been replaced. Douglass Park is nearby, as are the Illinois Medical District, I-290, public transportation, and the Roosevelt Road corridor.

Key Highlights

  • Three above‑ground units with 8 bedrooms and 3 bathrooms
  • Two‑car garage and unfinished basement
  • Individually metered gas and electricity

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access

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

Frequently Asked Questions

What type of property is this?
Triplex - Three above-ground residences include rear balconies, with an unfinished basement and a detached two-car garage.
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 $439,900.
What are key features of this property?
This property features: Three above‑ground units with 8 bedrooms and 3 bathrooms; Two‑car garage and unfinished basement; Individually metered gas and electricity
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