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$437,000
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Property Description
Great investment opportunity for a multifamily 5-unit brick building located in the heart of the vibrant Little Village neighborhood. This 5-unit property features a 3-flat brick building with a full unfinished attic in front with an exterior frame rear porch that allows for additional porch space plus a rear brick 2-unit coach house. Also, a separate 2 car frame detached garage all on the same lot. This fully fenced property offers a significant potential for rental increases with long term tenants. Currently being rented to long term tenants at below market rates. Each unit is equipped with its own furnace heating system, water, and separate utilities providing tenants with control over their utilities and reducing owner expenses, offering an attractive return on investment. A high-performing asset with both immediate cash flow and long-term value appreciation! Conveniently located close to the thriving 26th street corridor that offers attractive shopping, restaurants, grocery, financial institutions, schools, houses of worship and much more! Close to Ogden CTA Train, bus lines, I-290 & I-55 Expressways. Units 1F & 2F are vacant and available for showings. Estate Sale - Sold "AS-IS".
Full Property Details
Full Property Details for 2407 S Spaulding Ave
General
- Sold For: $437,000
- Taxes: $7,173 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12294860
- Added to Site: 328 day(s) ago
Location
- Area: CHI - South Lawndale
- County: Cook
- Driving Directions: 25th St E or W to Spaulding then North to 2407
Heating & Cooling
- Heating Type: Forced Air, Gas, Wall Unit
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Year Built: 1908
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 3125
Financial Considerations
- Operating Expenses: $17,973
- Assessment Year: 1908
- Tax Amount: $7,173.44
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 16262220030000
Listed by Illinois Real Estate Partners Inc
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Schools
Schools serving 2407 S Spaulding Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Kanoon Elementary Magnet School 2233 South Kedzie Avenue, Chicago, IL 60623 | PK-8 | 0.2 mi |
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623 | 9-11 | 0.1 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 2407 S Spaulding Ave
Date
Details
Price
Change
Source
9/26/2025
Sold
$437,000
-25.81%
MLS
6/12/2025
Price Reduced
$589,000
-3.43%
MLS
5/08/2025
Price Reduced
$609,900
-8.27%
MLS
4/04/2025
Price Reduced
$664,900
-3.5%
MLS
2/20/2025
Listed
$689,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2407 S Spaulding Avenue, Chicago, IL 60623 (MLS# 12294860) is a Commercial property that was sold at $437,000 on September 26, 2025. Want to learn more about 2407 S Spaulding Avenue? Do you have questions about finding other Commercial real estate for sale in South Lawndale? You can browse all South Lawndale real estate or contact a Coldwell Banker agent to request more information.


