Two-Flat with Expansion
For Sale
Contact for pricing
Pending
1840 S Springfield Avenue, Chicago, IL 60623
Two-flat with partially finished basement and expansion possibilities.
Property SizeContact for details
Days on Market438
Property Features for 1840 S Springfield Avenue
General Information
Standard status
Pending
Total Parking Spaces
1
Property subtype
Multifamily
Building Details
Year Built
1909
Listing Agency:
Baird & Warner
Listed By:
Lauren Callaway · License #475193890
Source:
Crexi
Added: Aug 9, 2025
Changed: Oct 10
Last Checked: Oct 19 at 3:42AM
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 Baird & Warner
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1840 S. Springfield Avenue, this two-flat property presents an investment opportunity. The building features two units, each containing two bedrooms and one bathroom. A partially finished basement offers potential for expansion, including a kitchenette, a full bathroom, and a bedroom. The basement could be duplexed with the first-floor unit. Each level includes an enclosed back porch, ample storage space, and original woodwork. The property features a wrought iron front gate and a well-kept entryway and vestibule. While the garage is no longer present, a versatile slab remains. Significant renovations and upgrades are needed.
Key Highlights
- Two spacious 2‑bed, 1‑bath units offer immediate rental income potential.
- Partially finished basement with kitchenette, full bathroom, and bedroom provides expansion possibilities.
- Potential to duplex the basement with the first‑floor unit for increased value.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,478
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-flat with partially finished basement and expansion possibilities.
Where is this duplex located?
The property is located at 1840 S Springfield Avenue Chicago, IL.
What are key features of this property?
This property features: Two spacious 2‑bed, 1‑bath units offer immediate rental income potential.; Partially finished basement with kitchenette, full bathroom, and bedroom provides expansion possibilities.; Potential to duplex the basement with the first‑floor unit for increased value.
