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Brick 3-Unit Triplex
New
For Sale
$430,000

1506 S Spaulding Avenue, Chicago, IL 60623

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market1

Property Features for 1506 S Spaulding Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 9
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 8, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 4, Bedroom 9, Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 6, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 1
Exterior features Balcony
Elementary school district 299
Middle school district 299
High school district 299
Directions east/west on Ogden Ave to Spaulding Ave, 1-way north to property.
Subdivision CHI - North Lawndale
Standard status Active
APN 16232270490000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8129

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Amenities

in-unit washer/dryer hookups
rear parking pad
front and rear decking and stairs
Juliet balconies
cathedral ceilings

Building Details

Year built 2007
Building materials Brick, Block
Roof type Asphalt
Buildings 1
Listing Agency: Century 21 S.G.R., Inc. · Century 21 Real Estate
Listed By: Jessica Hayes
Added: Oct 26 Last Checked: Oct 26 at 4:06PM
MLS# 12793037

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This brick triplex contains three apartments, with a total of 9 bedrooms and 6 full bathrooms. Each unit is configured with 3 bedrooms and 2 full baths, along with washer/dryer hookups. The upper apartment has cathedral ceilings and Juliet balconies. Exterior features include a rear parking pad, front and rear decking, and stairs. The property was built in 2007 and sits on a 0.07-acre lot. Heating is natural gas with forced air, and the property has public water and sewer service.

The building is being sold as-is, with repairs and cosmetic work needed; the seller will not make repairs. Zoning is designated MULTI.

Key Highlights

  • Three apartments with 9 bedrooms and 6 full bathrooms total
  • Each unit has 3 bedrooms, 2 full baths, and washer/dryer hookups
  • Upper apartment features cathedral ceilings and Juliet balconies

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

927
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 - Each apartment has three bedrooms, two full bathrooms, and washer/dryer hookups.
Where is this triplex located?
The property is located at 1506 S Spaulding Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Three apartments with 9 bedrooms and 6 full bathrooms total; Each unit has 3 bedrooms, 2 full baths, and washer/dryer hookups; Upper apartment features cathedral ceilings and Juliet balconies
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