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  • $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

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    $1,486/mo

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    $1,486/mo

    Rent Zestimate®

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    $1,517/mo

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    $1,517/mo

    Est. payment

    What's special

    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.

    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#: 12403997MLS Logo

    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