2553 North Spaulding Avenue

Chicago, IL 60647

$1,295,000
Price
11
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The trophy building you've been waiting for. Rare opportunity to acquire huge corner brick building in A+++ Logan Square location on over sized (5592 square foot) lot. Building was gut renovated ~10 years ago with new everything -- windows, roof, HVAC, plumbing, electric, kitchens, tuck-pointing, masonry, bathrooms, drywall, floors, etc. Extra side area to the south of the property that can be easily converted to parking spaces. All units have great natural sunlight and have large bedrooms. Very...The trophy building you've been waiting for. Rare opportunity to acquire huge corner brick building in A+++ Logan Square location on over sized (5592 square foot) lot. Building was gut renovated ~10 years ago with new everything -- windows, roof, HVAC, plumbing, electric, kitchens, tuck-pointing, masonry, bathrooms, drywall, floors, etc. Extra side area to the south of the property that can be easily converted to parking spaces. All units have great natural sunlight and have large bedrooms. Very well maintained building with "turn-key" opportunity to easily manage. Rents can be increased in the current as-is condition or increased significantly with minimal upgrades. Building is in the ADU zone, so next owner can legally convert basement into 5th dwelling unit. With new loan programs coming, purchase this property with just 5% down and live in your own castle in Logan Square. (agent owned but not affiliated with listing agent)
  1. Listed by Adam Saffro • New Era Chicago, LLC

Property Details for 2553 North Spaulding Avenue

Area
CHI - Logan Square
Township
Jefferson
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Heat/Fuel
Natural Gas

Location

Listing Courtesy of New Era Chicago, LLC
Add your commute
LISTING UPDATED: 04/02/2024 11:49 AM

Property Details for 2553 North Spaulding Avenue

StatusActive
MLS #12014708
Days on Market50
Taxes$19,325 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built-
Lot Size0.13 AC / 5,592 SF
CountyCook County

Location

Listing Courtesy of New Era Chicago, LLC
Add your commute

Building Information for 2553 North Spaulding Avenue

Stories-Residences4Year Built-Building Size-Lot Size0.13 AC / 5,592 SF

Payment Calculator

$8,678 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,067

Property Taxes

$1,610

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2553 North Spaulding Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: None
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 11
  • Basement Description: Unfinished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2013
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 44.74X125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: None
  • North Coordinate: 2500
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3200
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 35
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $2,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 9/24
Unit 2
  • Unit Type Actual Rent: $2,495.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 9/24
Unit 3
  • Unit Type Actual Rent: $2,250.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 5/25
Unit 4
  • Unit Type Actual Rent: $1,995.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 10/24

Property History for 2553 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 2553 North Spaulding Avenue

Taxable ValueLand$19,577Additions$74,063Total$93,640
Tax Record2022$19,326 ($1,610 / month)
Home Facts
Baths4Total Finished SqFt4,349 SqFtAbove Grade Finished SqFt4,349 SqFtStories2Lot Size5,592 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyCOOKAPN13-26-421-001

Schools near 2553 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
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Darwin Elementary School
PublicPK to 8

Clemente Community Academy High School
Public9 to 12

Aspira Charter - Bus and Fin
Charter9 to 12

Pathways In Education High School
Public9 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.

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2553 North Spaulding Avenue is a multi-family home for sale in Chicago, IL 60647. This property was listed for sale on March 27, 2024 by New Era Chicago, LLC, it's currently listed at $1,295,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Darwin Elementary School, Clemente Community Academy High School and Aspira Charter - Bus and Fin. 2553 North Spaulding Avenue is a 11-bed, 4-bath, multi-family home.

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 New Era Chicago, LLC

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.