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 Market392
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: Aug 8
Last Checked: Jul 24 at 3:09PM
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
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
Property Profile
Current Use
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
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 - 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.
