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$650,000
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Property Description
Turnkey 6 unit building, the apartments boast hardwood flooring, gas-forced air heat and individually metered utilities, offering both comfort to tenants and efficiency to owners. The unit mix-three 3-bedroom/1-bath units and three 2-bedroom/1-bath units-caters to a wide range of renters and supports strong rent performance. Adding to the appeal is a seasoned property manager already in place and available to continue with the new owner. This offers a seamless handoff and immediate management continuity. Whether you're looking to expand your portfolio or lock in a high-performing asset, this property delivers on every front: location, returns, quality, and ease of ownership. Schedule your viewing today and capitalize on this rare opportunity to own a fully rehabbed, income-producing 6-unit in a proven rental market.
Full Property Details
Full Property Details for 1338 S Springfield Ave
General
- Sold For: $650,000
- Taxes: $4,445 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12362273
- Added to Site: 255 day(s) ago
Location
- Area: CHI - North Lawndale
- County: Cook
- Driving Directions: Pulaski to Roosevelt then East to Springfield South to property.
Heating & Cooling
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 3
- Year Built: 1908
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 30 x 125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1908
- Tax Amount: $4,445
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 16231080290000
Listed by Optimus Realty Inc
Sold by Weichert,Realtors-FirstChicago
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Schools
Schools serving 1338 S Springfield Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Herzl Elementary School 3711 West Douglas Boulevard, Chicago, IL 60623 | PK-8 | 0.3 mi |
Manley Career Academy High School 2935 West Polk Street, Chicago, IL 60612 | 12-11 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1338 S Springfield Ave
Date
Details
Price
Change
Source
7/07/2025
Sold
$650,000
23.81%
MLS
5/11/2025
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1338 S Springfield Avenue, Chicago, IL 60623 (MLS# 12362273) is a Commercial property that was sold at $650,000 on July 07, 2025. Want to learn more about 1338 S Springfield Avenue? Do you have questions about finding other Commercial real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

