Duplex Greystone with Two Leased
For Sale
Under Contract
$575,000
1500 S TRUMBULL Avenue, Chicago, IL 60623
Residential Income, Chicago, IL
Property SizeContact for details
Days on Market98
Property Features for 1500 S TRUMBULL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 1, Bathroom 2
Parking
2
Parking features
Secured, Alley, Owned
Basement
Walk-Out Access, Full, Partially Finished
Elementary school district
299
Middle school district
299
High school district
299
Directions
16th Street To Trumbull Avenue, To Address
Subdivision
CHI - North Lawndale
Standard status
Active Under Contract
APN
16232240220000
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
1905
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
forced air heat
air conditioning
secured alley parking
Building Details
Year built
1898
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
United Real Estate-Chicago
(630) 748-4660
Listed By:
Eric Villalobus
(630) 748-4660
Added: May 16
Changed: Aug 20
Last Checked: Aug 21 at 3:06PM
MLS# 12650569
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.
Investment Insights
Based on property information with market context.
Updated duplex featuring a first-floor unit with spacious rooms and two bathrooms. The property includes forced air heat and air conditioning. Each unit is leased, with tenants paying electric and gas, supporting lean day-to-day operating costs. The building is a 2-flat Greystone-style structure with a 4-bedroom, 2-bath first-floor unit and a 4-bedroom, 1-bath second-floor unit, totaling 8 bedrooms across both units and 14 rooms.
Rehabbed in 2021 with forced air heat already in place. Parking is secured via an on-site alley arrangement with owned, secured parking. The structure is constructed with brick and stone, with public water and public sewer services.
Built in 1898, the duplex is move-in ready, positioned for straightforward rental operations with both units currently occupied.
Rehabbed in 2021 with forced air heat already in place. Parking is secured via an on-site alley arrangement with owned, secured parking. The structure is constructed with brick and stone, with public water and public sewer services.
Built in 1898, the duplex is move-in ready, positioned for straightforward rental operations with both units currently occupied.
Key Highlights
- Rehabbed in 2021 with forced air heat already in place
- Two leased units: 4BD/2BA first floor and 4BD/1BA second floor
- Forced air heat plus air conditioning
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with forced-air heating and air conditioning, built 1898, featuring two leased units and on-site alley parking.
Where is this duplex located?
The property is located at 1500 S TRUMBULL Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Rehabbed in 2021 with forced air heat already in place; Two leased units: 4BD/2BA first floor and 4BD/1BA second floor; Forced air heat plus air conditioning
