Address
736 N Spaulding Avenue, Chicago, IL
Price
$ 650,000
Property Attributes
- MLS#12736126
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Humboldt Park
- NeighborhoodHumboldt Park
- Zip60624
- Style
- Year Built1905
- Taxes$ 9873
- Price$ 650,000
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4956
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Turnkey vintage Greystone with six spacious 2-bed/1-bath apartments - a rare income package for the investor who wants cash flow now with the ability for further upside later. Originally built in the early 1900s and previously taken down to the brick in a full gut rehab in 2014, this classic 3-story masonry building leaves little to be desired. Two apartments have been tastefully renovated with brand-new kitchens, baths, appliances, and other upgrades totaling roughly $50K in recent capital improvements. New tear-off roof approximately 7 years old, complete masonry overhaul approximately 9 years ago, and new water service. All units are separately metered for gas and electric to keep expenses lean. Desirable floor plans, all featuring in-unit laundry, individual mechanicals, and utilities. Stabilized income in its current condition could easily generate an extra $1k/mo. The fenced rear yard offers potential to add off-street parking and create a new revenue stream. Great access to the CTA Green Line, Metra, and Chicago bus with Garfield Park, Humboldt Park, and the historic boulevard system right around the corner. Bring your investors - this one checks the boxes.
| Price History | |
|---|---|
| 8/18/2026 | Listed $650,000 |
General Features
| Construction Materials | Brick,Stone |
|---|---|
| Year Built | 1905 |
| Tenant Pays | Electricity,Heat |
| Stories Count | 3 |
| Township | West Chicago |
| Tax Year | 2024 |
| Gross Income | 56400 |
| County | Cook |
| Net Operating Income | 85200 |
| Operating Expense | 12000 |
| Insurance Expense | 5500 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Franklin Blvd (500N) to Spaulding Ave (3300W),north to property 726 N Spaulding Ave |
| City | Chicago |
| Number Of Units Total | 6 |
| MLS Area | CHI - Humboldt Park |
| Tax Annual Amount | 9873.8 |
| Electric Expense | 600 |
| Trash Expense | 2000 |
| Water Sewer Expense | 3896 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
| Cap Rate | 8.75 |
Exterior Features
| Building Area Total | 4956 |
|---|---|
| Lot Dimensions | 31X125 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60624
Price
Taxes
Year Built
Visits
