NOT LISTED FOR SALE

1247 S Spaulding Ave Chicago, IL 60623

North Lawndale Neighborhood
19 Beds
6 Baths
8,016 Sq Ft
4,166 Sq Ft Lot

Last Sold November 08, 2021

Last sale price $435,000 $54 Per Sq Ft

121 Days on Market

About This Home

As of November 2021

HUGE Solid Grey-stone with 6 units and full basement. Brand NEW Roof in 2021!! 4 of the units currently leased, 3 voucher tenants. (5) 3 bedroom units and (1) 4 bedroom unit!! Several units have just been prep'ed for renting. All units upgraded with individual panels, GFA Heat, and hot water systems, so separate utilities-tenants pay all except for water, sewer, and garbage. Fully fenced with gates. Camera security system installed. Only 1/2 block from shopping/movie theater/Starbucks, transportation etc... Great opportunity to own a high quality, high performing building in a desirable area!!

Last Agent to Sell the Property

Alan Krygowski

Alan Krygowski, Broker License #471013228 Listed on: 06/07/2021

Last Buyer's Agent

Victor Jimenez

HomeSmart Connect LLC License #475157367

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,858

Year Built

  • Built in 1899

Lot Details

  • 4,166 Sq Ft Lot
  • Lot Dimensions are 33x125

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Stone Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 8,016 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $300
  • Insurance Expense $1,500
  • Maintenance Expense $1,000
  • Trash Expense $1,800
  • Water Sewer Expense $3,600
  • Operating Expense $15,000
  • Gross Income $6,180
  • Net Operating Income $55,142

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,858

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1899
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Lock Box,Show-Special Instructions,No Sign on Property
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 19
  • Basement Description: Unfinished
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stone
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 500000
  • Roof: Rubber, Other
  • Exterior Building Type: Brick,Stone
  • Roof Structure: Flat
  • Misc Outside: Enclosed Stairs,Security Gate,Security Lighting

Garage/Parking

  • Outdoor Parking: None On Site

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): Yes
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1800
  • Water Sewer Expenses: 3600
  • Janitor Expense: 3600

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 33X125
  • Lot Size Sq Ft: 4166
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 8016

Multi Family

  • Net Operating Income: 55142
  • Insurance Expense: 1500
  • ElectricExpense: 300
  • GrossIncome: 6180
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 15000
  • Expense Year: 2020
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 3858
  • Tax Year: 2019

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2021 11/08/21 Sold $435,000 -16.3% $54 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $519,900 -- $65 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Alan Krygowski

    Alan Krygowski, Broker

    1 in this area

    43 Total Sales

    Alan Krygowski
    Section Image
  • Victor Jimenez

    Buyer's Agent in 2021

    Victor Jimenez

    HomeSmart Connect LLC

    (773) 968-0238

    5 in this area

    81 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11114739

Midwest Real Estate Data (MRED)

APN: 16232060200000

Illinois Cook County Chicago 60623 North Lawndale

1247 S Spaulding Ave, Chicago, IL

This home is located at 1247 S Spaulding Ave, Chicago, IL 60623 since 07 June 2021. This property was built in 1899. 1247 S Spaulding Ave is a home located in Cook County with nearby schools including Lawndale Elementary Community Academy, LEARN Romano Butler, and North Lawndale Charter High School.

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