Located on a quiet residential street in North Lawndale, this two-flat presents a strong investment opportunity for buyers seeking a value-add property. Each unit offers four bedrooms, one bathroom, in-unit laundry hook-ups, and separate furnaces. While the building requires rehab, repairs and updates, it holds significant potential for long-term rental income or redevelopment. Potential income is $36,000/annual. The property is situated near a public high school and neighborhood park, adding to its appeal for future tenants. This is a solid option for INVESTORS looking to build EQUITY through renovation.
Closed
$225,000
1528 S Spaulding Ave, Chicago, IL 60623
8beds
--sqft
Multi Family
Built in 1896
-- sqft lot
$225,000 Zestimate®
$--/sqft
$1,486 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: October 03, 2025 at 09:31am
Listing courtesy of:
Yolanda Davis 312-371-8082,
Realty Boutique
Bought with:
Eve L Benton
Exit Infinity Realty
Source: MRED as distributed by MLS GRID,MLS#: 12403997

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: Off Alley, On Site
Lot
- Size: 3,125 sqft
- Dimensions: 25 X 125
Details
- Parcel number: 16232270310000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1896
- Major remodel year: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: FHA
- Ownership: Fee Simple
Sell for more on Zillow
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$225,000
2% more+$4,500
With Zillow Showcase(estimated)$229,500