2155 North Spaulding Avenue

Chicago, IL 60647

$1,155,000
Last Sold Price
12
Beds
8
Baths
8,252 Sq. Ft.
$140 / Sq. Ft.
8,252
Sq. Ft.
$140
per Sq. Ft.

Description

Four spectacularly large fully leased units span over 8,000 sq ft in brick building on 30 X 150 corner lot with brick 3-car garage. Serene residential block is steps from ultra green Palmer Square and vibrant Logan Square, surrounded by new luxury developments. An easy Sunday walk to the farmer's market in the center of Logan Square. Legal 4-unit property generates $116,400/yr in rental income with plenty of room to grow. Each unit occupies entire floor. See Virtual Tour and 3D Tour links with interactive...Four spectacularly large fully leased units span over 8,000 sq ft in brick building on 30 X 150 corner lot with brick 3-car garage. Serene residential block is steps from ultra green Palmer Square and vibrant Logan Square, surrounded by new luxury developments. An easy Sunday walk to the farmer's market in the center of Logan Square. Legal 4-unit property generates $116,400/yr in rental income with plenty of room to grow. Each unit occupies entire floor. See Virtual Tour and 3D Tour links with interactive floor plans. Units 1-3 are expansive 2,100+ sq ft, with 3br/2ba, a dining room, and a sunroom. The garden unit, also with 3br/2ba, spans 1,943 sq ft and has central air/heat. Natural oak floors and excellent natural light throughout. Current CAP rate at asking price over 6%. Current rents are as follows: Garden- $1,950 (exp 7/23), Unit 1- $2,500 (exp 7/24), Unit 2- $2,350 (exp 3/24), Unit 3- $2,300 (exp 4/24). 3 car garage generates additional $450/mo, and laundry machines bring in an extra $150/mo totaling a monthly income of $9,700. All windows replaced in 2021. New electric and plumbing in garden unit and 1st floor unit. Since garden unit has its own HVAC system, the tenant pays for heat and electricity. Tenants in units 1-3 cover their electricity costs. Building is equipped with a water meter, offering significant cost savings. Prior to the showing, interested buyers are encouraged to review the 3D tour and floor plans. No showings at this time. 2021 Property Taxes only $13,793. The brick and parapets are in excellent condition. Permits pulled and seller in process of having rear porches/stairwell entirely replaced.
  1. Listed by Jon Gerstein • @properties Christie's International Real Estate

Sold By @properties Christie's International Real Estate

Property Details for 2155 North Spaulding Avenue

Area
CHI - Logan Square
Township
Lake View
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Cars
3.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air, Hot Water/Steam

Location

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LISTING UPDATED: 09/17/2023 03:01 AM

Property Details for 2155 North Spaulding Avenue

StatusClosed
MLS #11800553
Days on Market102
Taxes$13,793 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1925
Lot Size0.10 AC / 4,500 SF
CountyCook County

Location

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Building Information for 2155 North Spaulding Avenue

Stories-Residences4Year Built1925Building Size-Lot Size0.10 AC / 4,500 SF

Payment Calculator

$7,453 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,303

Property Taxes

$1,149

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2155 North Spaulding Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 27
  • Bedrooms (Below Grade): 0
  • Community Features: Gated, Sidewalks, Street Lights
  • Basement Type: Full
  • Bedrooms Possible: 12
  • Basement Description: Finished
  • # Full Baths in Building: 8
  • # Half Baths in Building: 0
  • Room Type: Sun Room
  • Num of Baths: 8.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: Intercom, Ceiling Fan(s)
Property/Lot Information
  • Exterior Property Features: Patio, Porch
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2010
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 30 X 150
  • Total # Units in Building: 4.0
  • Other Structures: Garage(s)
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: Commuter Bus,Commuter Train
  • North Coordinate: 2155
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3300
  • Lot Size Source: Survey
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 5
  • Document Date: 2023-06-07T19:49:03
  • Photos Count: 47
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: 3D Tour
Multi Family
Income & Expenses
  • Gross Income: $9,550.00
  • Other Addl Income: Coin Laundry,Garage/s
Unit 1
  • Unit Type Actual Rent: $1,950.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 7/23
Unit 2
  • Unit Type Actual Rent: $2,500.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 6/24
Unit 3
  • Unit Type Actual Rent: $2,350.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 3/24
Unit 4
  • Unit Type Actual Rent: $2,300.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 4/24

Property History for 2155 North Spaulding 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 2155 North Spaulding Avenue

Taxable ValueLand$13,500Additions$58,198Total$71,698
Tax Record2022$14,091 ($1,174 / month)
Home Facts
Baths4Total Finished SqFt7,791 SqFtAbove Grade Finished SqFt7,791 SqFtStories3Lot Size4,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN13-35-225-001

Schools near 2155 North Spaulding Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 7 to 12
Charter - 6 to 12
Rating
School
Distance
Darwin Elementary School
PublicPK to 8

Clemente Community Academy High School
Public9 to 12

Marine Leadership Academy - Ames
Public7 to 12

Aspira Charter Schools
Charter6 to 12

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 @properties Christie's International Real Estate

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.