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MULTI_FAMILY - Chicago, IL
Turn-Key 6-Unit Investment Opportunity in Rapidly Growing North Lawndale 1239 S Spaulding Ave presents a rare chance to acquire a fully occupied (CHA/cash mix), condo-quality 6-unit building in one of Chicago's most active growth corridors. Each unit features modern finishes, recently replaced appliances, refreshed kitchens and baths, and the clean, updated feel that attracts strong, long-term tenants. The property includes full, gutted basements with laundry hookups, offering flexibility for future owner improvements-whether adding storage, shared laundry, or additional amenity space. Major building upgrades have already been completed, including roof work in 2025 and updated electrical service, significantly reducing near-term capital expenditures. With all units rented and generating consistent income, this turn-key asset is ideal for investors seeking stability, low maintenance, and ...
Turn-Key 6-Unit Investment Opportunity in Rapidly Growing North Lawndale 1239 S Spaulding Ave presents a rare chance to acquire a fully occupied (CHA/cash mix), condo-quality 6-unit building in one of Chicago's most active growth corridors. Each unit features modern finishes, recently replaced appliances, refreshed kitchens and baths, and the clean, updated feel that attracts strong, long-term tenants. The property includes full, gutted basements with laundry hookups, offering flexibility for future owner improvements-whether adding storage, shared laundry, or additional amenity space. Major building upgrades have already been completed, including roof work in 2025 and updated electrical service, significantly reducing near-term capital expenditures. With all units rented and generating consistent income, this turn-key asset is ideal for investors seeking stability, low maintenance, and attractive returns. Conveniently located near parks, transit, and growing neighborhood amenities, 1239 S Spaulding Ave delivers both immediate cash flow and long-term value in North Lawndale.
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