Active Under Contract

$599,000

1442 Springfield Avenue, Chicago, IL 60623
9 Beds4 Baths16 days
1442 Springfield Avenue·Chicago, IL 60623
9Bedrooms
4Bathrooms
1898Year Built
About This Home

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.

MLS# 12739879Listed August 27, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms4
Total Rooms29

Size & Structure

Year Built1898
Lot Size125x50

Location

CountyCook
TownshipWest Chicago
Zip Code60623

Financial

List Price$599,000
Annual Taxes (2025)$5,419
Monthly Tax Est.$452
Parcel #16231150360000
Interior Features

Heating

Forced Air

Basement

None
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Yes
Tax & Financial
Annual Taxes
$5,419
Tax Year 2025
Monthly Tax Est.
$452
per month
Property Location

1442 Springfield Avenue, Chicago, IL 60623 — Cook County

$599,000
1442 Springfield Avenue
9 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
16 days on market
125x50
$5,419/yr taxes
$3,600
estimated monthly payment
Principal & Interest
$3,148/mo
Property Tax
$452/mo
$599,000
20% — $119,800
3%50%
6.875%
3%12%
Loan Amount
$479,200
Down Payment
$119,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Property Plug
Agent: Brianna Gulia
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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