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Turn-Key Legal 3-Flat
For Sale
$599,000

1431 N Springfield Avenue, Chicago, IL 60651

Updated legal 3-flat with separate utilities, central A/C, stainless appliances, and hardwood floors, plus backyard, laundry, and secure garage.

Property SizeContact for details
Days on Market63

Property Features for 1431 N Springfield Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Amenities

central A/C
nice sized backyard
on-site laundry
secure 2-car garage
Natural Gas
Forced Air

Building Details

Year Built 1910
Stories 3
Tenancy Multi
Listing Agency: @properties Christie's International Real Estate
Listed By: Naja Morris · License #475145046
Source: Kw
Added: Jun 22 Changed: Aug 23 Last Checked: Aug 22 at 12:42PM

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 @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

Turn-key legal 3-flat offering a fully updated interior and tenant-ready layout across three units. The building has separate utilities, new plumbing, central A/C, stainless steel appliances, white shaker cabinets, granite countertops, and hardwood floors throughout. The 2nd-floor unit is a 3 bedroom / 1 bath plan with a bright rear sunroom. The 1st-floor unit is a 2 bedroom / 1 bath with a matching rear sunroom. The garden unit is a 2 bedroom / 1 bath with strong natural light and large bedrooms.

Located on a quiet, tree-lined block in Humboldt Park, the property is just steps from the 606 Trail and provides easy access to the surrounding neighborhood, transit, and nearby businesses including Tasa Coffee Roasters and Humboldt Haus.

Additional on-site features include a nice-sized backyard, on-site laundry, and a secure 2-car garage.

Key Highlights

  • Updated legal 3‑flat built in 1910 with separate utilities for each unit
  • Central A/C plus new plumbing throughout
  • Modern kitchens with stainless steel appliances, white shaker cabinets, and granite countertops

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Acupuncture Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,297
Businesses Nearby

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
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?
Triplex - Updated legal 3-flat with separate utilities, central A/C, stainless appliances, and hardwood floors, plus backyard, laundry, and secure garage.
Where is this triplex located?
The property is located at 1431 N Springfield Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Updated legal 3‑flat built in 1910 with separate utilities for each unit; Central A/C plus new plumbing throughout; Modern kitchens with stainless steel appliances, white shaker cabinets, and granite countertops
More about this property
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