1528 S Spaulding Ave

Chicago IL 60623

Multi-Family

Last sold for $225,000

Yolanda Davis, last sold this property on 02 October 2025 after 89 days on market.

Overview

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.

Features

8 bedrooms

2 bathrooms

2 carspaces

Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 1528 S Spaulding Ave is $409.95k.

Median value

$409.95k

Estimated value range

$144k - $580k

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1528 S Spaulding Ave

2025

Sold

$225,000

02 Oct 2025 by Yolanda Davis, of Realty Boutique

2017

Sold

$63,000

02 Feb 2017 by Edgar Zelaya, of Century 21 Affiliated

2008

Sold

$25,000

31 Oct 2008 by Timothy Blomquist, of KEY REALTY, INC.

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.