1528 S Spaulding Avenue, Chicago, IL 60623 - Photo 1

1/1

$225,000

Sold
Closed
Multi-Family
8 Total Beds

1/1

Property Description

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.

Full Property Details

Full Property Details for 1528 S Spaulding Ave

General

Sold For: $225,000
Taxes: $2,011 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12403997
Added to Site: 231 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2

Bedrooms

Total Bedrooms: 8

Parking

Total Spaces: 2
Parking Features: Off-Alley, On Site
Parking On-Site: Yes

Location

Area: CHI - North Lawndale
County: Cook
Driving Directions: Kedzie North or South to 16th Street West to Spaulding and right to the address.

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Forced Air

Utilities

Water: Public

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Unfinished, Full
Year Built: 1896
Built Before 1978: Yes
Remodeled/Updated: 2018

Unit Information

Units in Building: 2

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 25 x 125

Financial Considerations

Assessment Year: 1896
Tax Amount: $2,011
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 16232270310000

Listed by Realty Boutique
Sold by Exit Infinity Realty

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Schools

Schools serving 1528 S Spaulding Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Johnson Elementary School, Chicago, IL 1420 South Albany Avenue, Chicago, IL 60623	PK-8	0.3 mi
Manley Career Academy High School 2935 West Polk Street, Chicago, IL 60612	12-11	0.8 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 1528 S Spaulding Ave

Date

Details

Price

Change

Source

10/02/2025

Sold

$225,000

—

MLS

7/04/2025

Listed

$225,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1528 S Spaulding Avenue, Chicago, IL 60623 (MLS# 12403997) is a Multi-Family property that was sold at $225,000 on October 02, 2025. Want to learn more about 1528 S Spaulding Avenue? Do you have questions about finding other Multi-Family 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.

1528 S Spaulding Ave Chicago, IL 60623