1514 South Springfield Avenue

Chicago, IL 60623

$110,000
Last Sold Price
5
Beds
2
Baths
2,400 Sq. Ft.
$46 / Sq. Ft.
2,400
Sq. Ft.
$46
per Sq. Ft.

Description

Own a multi unit property and generate passive income! This brick 2 unit has untapped potential. There is one 2 bedroom 1bth unit and 1 bedroom unit both can be rented out or live in one and rent out the other. The 2 bedroom unit can be rented for $1,000 per month. The 3 bedroom unit can be rented for $1200. The property needs to some rehab. Please due your own due diligence to assess what needs to be done. After rehab value is approx. $220k. There's a 2 car garage and a large yard. This is a great...Own a multi unit property and generate passive income! This brick 2 unit has untapped potential. There is one 2 bedroom 1bth unit and 1 bedroom unit both can be rented out or live in one and rent out the other. The 2 bedroom unit can be rented for $1,000 per month. The 3 bedroom unit can be rented for $1200. The property needs to some rehab. Please due your own due diligence to assess what needs to be done. After rehab value is approx. $220k. There's a 2 car garage and a large yard. This is a great opportunity to live mortgage free or rehab create new housing stock. Owner occupied. Please allow 24-48 hr notice for showings.
  1. Listed by Sanina Ellison • Re-CHRG Inc
  2. Listed by Courtney Jones • Re-CHRG Inc

Sold By Baird & Warner

Property Details for 1514 South Springfield Avenue

Area
CHI - North Lawndale
Township
Hyde Park
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI

Location

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LISTING UPDATED: 05/05/2021 10:00 AM

Property Details for 1514 South Springfield Avenue

StatusClosed
MLS #10860542
Days on Market177
Taxes$2,667 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Story Unit/S
Year Built1899
Lot Size0.07 AC / 3,049 SF
CountyCook County

Location

Add your commute

Building Information for 1514 South Springfield Avenue

Stories-Residences2Year Built1899Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$823 per month

30 year fixed, 7.25% Interest

Principal and Interest

$600

Property Taxes

$222

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1514 South Springfield Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 5
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25 X 125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Foundation Details: Brick/Mortar
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 1500
  • East Coordinate: 0
  • West Coordinate: 40000
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 14
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Total Sq Ft - Unit 1: 1200
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 6
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: None
  • Sec Deposit $ - Unit 1: 00
  • Tenant Pays - Unit 1: Electric, Heat
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Total Sq Ft - Unit 2: 1200
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 6
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: None
  • Sec Deposit $ - Unit 2: 00
  • Tenant Pays - Unit 2: Electric, Heat

Property History for 1514 South Springfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1514 South Springfield Avenue

Taxable ValueLand$3,671Additions$4,328Total$7,999
Tax Record2022$1,651 ($138 / month)
Home Facts
Baths2Total Finished SqFt2,932 SqFtAbove Grade Finished SqFt2,932 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1897CountyCOOKAPN16-23-123-022

Schools near 1514 South Springfield Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - K to 8
Rating
School
Distance
Penn Elementary School
PublicPK to 8

Infinity Math Science & Tech High School
Public9 to 12

KIPP Chicago Chrtrs - Ascend Acad
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re-CHRG Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/05/2021 10:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.