1514 S Springfield Avenue Chicago, IL 60623 CONTINGENT




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Key Details

Property Type: Multi-Family

Listing Status: Contingent

Purchase Type: For Sale

Lot Size: 3,049 Sqft

Year Built: 1899

MLS Listing ID: 10860542

Bedrooms: 5

Full Baths: 2

Total Units: 2

Property 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 opportunity to live mortgage free or rehab create new housing stock. Owner occupied. Please allow 24-48 hr notice for showings.


State: IL

County: Cook

Area: Chi - North Lawndale

Zoning: MULTI


Basement: None

Multi-Unit Info

Total Units: 2

1 Bedroom Units: 6

2 Bedroom Units: 2

Unit 1 Information: SqFt: 1200; Bedroom: 2; FullBath: 1; Includes: None

Unit 2 Information: Rooms: 6; SqFt: 1200; Bedroom: 2; FullBath: 1; Includes: None


Heating: Natural Gas


Garage Spaces: 2.0

Waterfront: No

Parking Type: Garage

Attached Garage: Detached


Foundation: Brick/Mortar

Lot Dimensions: 25 X 125

Lot Size Range: Less Than .25 Acre

Sewer: Public Sewer

Water: Public

Structure Type: Brick

New Construction: No


School District: 299


Senior Community: No

Tax Amount: $2,666

Tax Year: 2019

Ownership: Fee Simple

Special Sale: None

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Listing provided by  Chicago Homes Realty Group

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