About This Home

This 9-bedroom, 6-bathroom residential multi family at 1506 S Spaulding Avenue in Chicago, IL is listed for $430,000. Built in 2007, on a 0.07 acres lot.

Key Features

  • Built in 2007
  • 0.07 acre lot

Property Details

6 full
2007
Listing Description

***INVESTOR'S DREAM! INCREDIBLE OPPORTUNITY IN NORTH LAWNDALE!*** Do not miss your chance to own this spacious brick 3-flat offering 9 bedrooms and 6 full bathrooms, with each generously-sized unit featuring 3 bedrooms, 2 full baths, and in-unit washer/dryer hookups!

The top-floor unit is a true standout, featuring beautiful cathedral ceilings and charming Juliet balconies that add character and architectural appeal. Additional features include a large rear parking pad and low-maintenance front and rear decking and stairs.

BRING YOUR VISION AND UNLOCK THE POTENTIAL! The property requires repairs and cosmetic making this an excellent opportunity for investors looking to renovate, maximize rental income, and build equity. Whether you are expanding your investment portfolio or looking for an owner-occupied property with income-producing potential, this spacious 3-flat offers endless possibilities!

With 3 large units, a desirable layout, and tremendous value-add potential, this North Lawndale investment opportunity is one you do not want to miss! PROPERTY IS BEING SOLD "AS-IS." SELLER WILL MAKE NO REPAIRS. Schedule your private showing today!

Monthly Cost Estimate

$2,300/mo

20% down · 6.5% · 30 years

Principal$311
Interest$1,863
Insurance$125

Estimates only. Actual payments may vary.

Location

1506 S Spaulding Avenue

Chicago, IL 60623

Features & Amenities

Exterior Features

Balcony

Property Details

Construction

Brick Block

Heating

Natural GasForced Air

Questions & Answers

This 9-bedroom, 6-bathroom residential multi family at 1506 S Spaulding Avenue is listed at $430,000. The estimated monthly payment is $2,299 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2007, 0.07 acre lot. Exterior Features: Balcony.

This property is listed by Jessica Hayes.

JH

Jessica Hayes

Agent at Century 21 S.G.R. Inc

Listed by Century 21 S.G.R. Inc · Broker phone: (312) 326-2121 · View on Broker Site · Broker website

MLS# 12793037· Source: Midwest Real Estate Data, LLC· 2 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1506 S Spaulding Avenue, Chicago, IL 60623

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