2155 North Spaulding Avenue, Chicago

$1,450,000

12 Beds
8 Baths
0 Sqft
0 Acres
3 Garages

Perfect opportunity for an investor or an owner who would like to live on a gorgeous tree-lined street, steps away from Palmer Square in a beautiful, classic Chicago, ~1,950SF living space, and to collect rents from three other large beautiful units. Each unit has three-bedrooms, two-bathrooms, separate (large) living rooms, dining rooms, and kitchens, and sun rooms. 2155 N Spaulding has been beautifully maintained, with the garden & first floor units rehabbed. There is a charming front yard, common area patio space, and a three car garage. There is upside opportunity to increase income easily with currently below market rents. Greater upside could be achieved in this booming location with a zoning change and converting the property to 6-8 units. For reference, 2bd/2ba units at about 950SF in the area rent for $2,000-$2,200/mo, suggesting an upside possibility of $211,200 in annual gross rents!

Essential Information
MLS® #10545532
Price$1,450,000
Bedrooms12
Bathrooms8.00
Full Baths8
Acres0.00
Year Built1924
TypeResidential
Sub-TypeTwo to Four Units
StatusActive
Community Information
Address2155 North Spaulding Avenue
AreaCHI - Logan Square
CityChicago
CountyCook
StateIL
Zip Code60647
Amenities
Parking Spaces3
# of Garages3
Interior
HeatingGas, Radiant
Has BasementYes
BasementFinished
Exterior
ExteriorBrick
Listing Details
OfficeChicago Real Estate Resources
Property History
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $1,540,000 to $1,450,000
Status Changed from New to Active
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Listing information last updated on November 22nd, 2019 at 11:06am CST.