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3-Unit Brick Triplex
New
For Sale
$439,900

1233 S Spaulding Avenue, Chicago, IL 60623

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market2

Property Features for 1233 S Spaulding Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bedroom 1, Bedroom 2, Bedroom 8, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 4, Bedroom 5
Parking 2
Parking features Open, Garage
Window features Screens
Exterior features Balcony
Basement Full, Unfinished, Exterior Entry, Walk-Up Access
Elementary school district 299
Middle school district 299
High school district 299
Directions DOUGLAS BLVD TO SPAULDING, NORTH TO 1233
Subdivision CHI - North Lawndale
Standard status Active
APN 16232060150000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7504

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air

Amenities

in-unit washer/dryer
dishwasher hookups
central A/C
balcony

Building Details

Building materials Brick
Roof type Flat
Listing Agency: Kale Realty
Listed By: Anjali Khetarpal
Added: Oct 15 Last Checked: Oct 16 at 1:06PM
MLS# 12786758

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

This brick triplex contains three above-ground apartments with a combined eight bedrooms and three bathrooms. The first-floor unit has two bedrooms, an open kitchen and living area, a second living space, in-unit laundry, dishwasher hookups, and a rear balcony. The second- and third-floor apartments each have three bedrooms, an eat-in kitchen, and a balcony; the second floor also has laundry and dishwasher hookups, while the third floor includes central air conditioning. An unfinished basement and a two-car garage complete the property. The lot measures 0.07 acres, and the zoning is MULTI.

Improvements include steel basement support columns installed in 2021, work to the first- and second-floor mechanical systems and appliances from 2020 to 2024, and replacement of the water service line and front sidewalk in 2024. Rear stair work was completed in 2026, and the garage door has been replaced.

Douglass Park is nearby, with recreational features including a pool, courts, fields, walking paths, and a lagoon. The property also has access to the Illinois Medical District, I-290, public transportation, and the Roosevelt Road corridor.

Key Highlights

  • Three above‑ground apartments with 8 bedrooms and 3 baths
  • 0.07‑acre lot; MULTI zoning
  • Separate gas and electric meters for each unit

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.

Lease Details

3
Residential units
Yes
Highway access
Yes
Utilities to site

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 - Separate gas and electric meters serve each of the three apartments.
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 apartments with 8 bedrooms and 3 baths; 0.07‑acre lot; MULTI zoning; Separate gas and electric meters for each unit
More about this property
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