NOT LISTED FOR SALE

2538 S Spaulding Ave Chicago, IL 60623

Little Village Neighborhood
8 Beds
4 Baths
2,464 Sq Ft
1900 Built

Last Sold April 22, 2024

Last sale price $180,000 $73 Per Sq Ft

23 Days on Market

About This Home

As of April 2024

Investor's Dream in the Heart of Little Village! Welcome to an exceptional opportunity for investors looking to make a mark in the thriving Little Village neighborhood! 4-unit in need of total rehab with newer garage and extra adjacent lot with another garage for a total of 2 garages providing versatility and added value. The strategic location and multiple units make this property an ideal candidate for rental income. Take advantage of the rental market in Little Village and maximize your returns. Situated in the heart of Little Village, this property is conveniently located near shopping centers and transportation and all that La Villita has to offer. Don't miss out on this chance to be part of one of Chicago's most vibrant neighborhoods. An investor's delight awaiting transformation! This is a golden opportunity for cash buyers who understand the potential of a well-executed rehab project. The property is offered Cash Only and As Is.

Last Agent to Sell the Property

Peter Hernandez

RE/MAX Mi Casa License #475151371 Listed on: 01/27/2024

RE/MAX Mi Casa

Last Buyer's Agent

Peter Hernandez

RE/MAX Mi Casa License #475151371 Listed on: 01/27/2024

RE/MAX Mi Casa

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,646

Year Built

  • Built in 1900

Lot Details

  • Additional Parcels

Parking

  • 4 Car Detached Garage
  • Multiple Garages
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,646

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • OtherStructures: Garage(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Transmitter(s),Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 6125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 4646.25
  • Tax Year: 2021

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,2 Story Unit/s

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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 List to Sale Price per Sq Ft
04/22/2024 04/22/24 Sold $180,000 -27.7% $73 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
02/09/2024 02/09/24 Price Changed $249,000 -10.8% $101 / Sq Ft
01/27/2024 01/27/24 For Sale $279,000 -- $113 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,431 $28,000 $4,531 $23,469
2024 $4,431 $28,000 $4,531 $23,469
2023 $4,319 $21,000 $3,672 $17,328
2022 $4,319 $21,000 $3,672 $17,328
2021 $4,223 $20,999 $3,671 $17,328
2020 $3,123 $14,018 $3,671 $10,347
2019 $3,275 $16,300 $3,671 $12,629
2018 $3,220 $16,300 $3,671 $12,629
2017 $4,029 $18,718 $3,281 $15,437
2016 $3,749 $18,718 $3,281 $15,437
2015 $3,430 $18,718 $3,281 $15,437
2014 $2,756 $14,854 $3,125 $11,729
2013 $2,702 $14,854 $3,125 $11,729
Source: Public Records

Agents Affiliated with this Home

  • Peter Hernandez

    Seller's Agent in 2024

    Peter Hernandez

    RE/MAX

    (708) 906-5700

    1 in this area

    98 Total Sales

    Peter Hernandez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11968710

Midwest Real Estate Data (MRED)

APN: 16262290370000

Illinois Cook County Chicago 60623 Little Village

2538 S Spaulding Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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