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1442 S Springfield Avenue

Chicago, IL 60623
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Bed 9

Bed

Bath 4

Bath

Turnkey 4-Unit - Full Gut Rehab - Double Lot - North Lawndale This is a complete, permitted, top-to-bottom rehab - not a paint-and-carpet flip. Every system, surface, and finish in this 4-unit brick building is new: new roof line and rear porches, new electrical, new plumbing, new HVAC (separate furnace and water heater per unit), new windows, new floors, new kitchens, new baths. A buyer walks into day-one cash flow with zero deferred maintenance and years before anything needs touching. Quartz counters, white shaker cabinetry with black hardware, subway tile backsplash, stainless appliance packages, wide-plank LVP flooring, and matte-black fixtures throughout. Bathrooms are fully tiled in a marble-look porcelain surround with black plumbing fixtures. The building sits on a double lot, with a fenced yard, mature trees, and a rebuilt rear deck and stair system. It's steps from a community garden, greenhouse, and playground - a real amenity for family tenants Upside built in: the attic is unfinished - roughly 1,560 sq ft of raw space with a brick chimney and full-height rafters, sitting untouched above four fully finished units. Combined with the double lot, there's real room here to add value beyond current rent roll, subject to zoning and permitting review. Cash flow: projected at $6,000+/month across all four units - real numbers on a fully renovated building with no near-term capex looming. Two ways to own this: House-hack it - live in one of the 2-bed units and let the other three cover your mortgage, taxes, and insurance, with a fully renovated home from day one and no rehab weekends. Or hold it as a retirement asset - over $6,000/month in projected cash flow from a fully renovated 4-unit with new systems, low near-term maintenance calls, and four separate income streams to smooth out vacancy risk. Either way, the work's been done - you're buying stabilized cash flow, not a project. Bring your best offer - this one won't need a punch list.

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Detail Ic Property Details

Property Type : Residential Income

Price : $599,000

AD Id : 90429583

MLS Id : MRD12739879

Beds : 9

Tax Amount : 5419.00

Year Built : 1898

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 9

    Bathroom Information

    Total Baths: 4

    Room Information

    Rooms Total: 29
  • Flooring Information

    Construction Materials: Brick
  • Heating & Cooling

    Heating: Forced Air WaterSource: Public

  • Building Information

    Year Built: 1898

  • Lot Information

    Lot Dimensions: 125x50 Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$599000

  • Tax Information

    Annual Tax: $5419 Tax Year: 2025 Parcel Number: 16231150360000

  • Parking Information

    Total Parking: 4 Yes

  • Utility Information

    Sewer: Public Sewer Water Source: Public
  • Location Information

    City: Chicago Direction: North of W 15th st on S Springfield home is on your left
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ByOwner last updated this listing 09/03/2026 @ 18:20

MLS: MRED #12739879 LISTED BY: Brianna Gulia, Property Plug 773-812-1988 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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