$1,089,000
SOLD MAY 22, 2025

1828 N Springfield Ave Chicago, IL 60647

Hermosa Neighborhood
-- Bed
-- Bath
4,663 Sq Ft
1916 Built

Recently Sold

$234 Per Sq Ft

59 Days on Market

About This Home

As of May 2025

Incredible Hermosa location bordering Logan Square! Enjoy a pristine & profitable 7-unit! This beautiful turnkey building is located across the street from Sharon Christa McAuliffe Elementary School & Playground with easy access to the 606 Trail, public transportation, shopping, restaurants, and multiple parks! Enjoy a well-maintained property consisting of (3) 1-bedroom units, (3) 2-bedroom units, (1) 3-bedroom unit, (4) coin laundry machines, (6) tandem parking spaces, & (2) bonus storage rooms! As you approach this home, note the ample off-street parking for guests, stunning brick curb appeal, gated lot, and easy-to-maintain landscaping. Step into the main entrance to be greeted by a formal foyer with durable tile flooring, built-in mailboxes, stunning woodwork, & security doors. Proceed to the sunny lower-level unit offering 3 bedrooms (with potential for 4th) & 1 bathroom; all the while boasting tall ceiling heights, above-grade views, & sunny windows throughout. Proceed up the main foyer to access upper-level units; each updated and pridefully well-kept by responsible tenants. Each floor boasts a mix of one (1) bedroom and one (2) bedroom unit featuring beautiful wood flooring/wood laminate flooring, fresh paint, upgraded appliances, updated fixtures, upgraded kitchens/baths, upgraded windows, updated mechanicals, & MORE! Each apartment offers 2 separate entrances, a dedicated in-unit furnace, and 2 apartments feature central air. All apartments are spacious, feature stunning restored woodwork, and offer abundant natural light. All units are separately metered, and tenants are responsible for their own gas and electric. Perfect opportunity for a savvy investor. Current rents are under market value with area for improvement! Prime location within walking distance to dining, shopping, the "606 trail", and entertainment ensures a strong rental demand. Don't miss this opportunity to secure a reliable and attractive addition to your investment portfolio in one of Chicago's most up-and-coming neighborhoods. Contact us today to seize this prime real estate investment in Hermosa! Pre-approval/proof of funds required for showings. Please do not walk grounds or disturb tenants. Tours by appointments with minimum 48hr notice required; Proof of Funds/Pre Approvals required Showings begin 1/7/24; Line up your tour time with the listing agent

Last Agent to Sell the Property

Veronica Rodriguez

Redfin Corporation License #475165837 Listed on: 11/25/2024

Redfin Corporation

Last Buyer's Agent

Becky Sexson

Baird & Warner License #475172557

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,382

Year Built

  • Built in 1916

Parking

  • 6 to 12 Parking Spaces

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • 3-Story Property
  • Lot Dimensions are 29.5x125.3x29.5x125.3

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $22,104
  • Gross Income $103,200
  • Net Operating Income $81,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,382

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1916
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 1089000

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Electric,Forced Air,Gas,Separate Per Unit

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 29.5X125.3X29.5X125.3
  • Zoning: MULTI

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 81096
  • GrossIncome: 103200
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 22104
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 10382.03
  • Tax Year: 2023

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    • 2 Beds
    • 2 Baths
    • 3322 S Parnell Ave
    • Chicago, IL

    3328 s Parnell is an oversized Frame 2-Flat with walking distance to Guaranteed Rate Field and Armor Square Park. Each unit with 3 bedrooms and 1 bath with garage. Also the listing price include 2 vacant lots (3326 and 3322 S Parnell ) see map for details. Note: can buy the 2 units apartment separately or have to buy the 2 units apartment plus 2 vacant lots all together .

    Rowena Cheng Richland Global Inc

    Section Image

Range of Values:

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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
05/22/2025 05/22/25 Sold $1,089,000 0.0% $234 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
11/25/2024 11/25/24 For Sale $1,089,000 -- $234 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12215111

Midwest Real Estate Data (MRED)

APN: 13353080290000