2501 South Springfield Avenue

Chicago, IL 60623

$799,999
Price
14
Beds
9
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This 9-unit building is in need of a full gut rehab and offers incredible potential for restoration or redevelopment. The warehouse portion of the building was originally a cookie factory and offers ample space for creative use or future expansion. The building retains unique industrial elements such as exposed brick, steel beams, and original architectural features. Additionally, the property features two large attached 3-car garages, providing parking for up to 6 vehicles-ideal for tenants or development...This 9-unit building is in need of a full gut rehab and offers incredible potential for restoration or redevelopment. The warehouse portion of the building was originally a cookie factory and offers ample space for creative use or future expansion. The building retains unique industrial elements such as exposed brick, steel beams, and original architectural features. Additionally, the property features two large attached 3-car garages, providing parking for up to 6 vehicles-ideal for tenants or development use. Currently uninhabitable - Perfect for investors looking to breathe new life into a historic space with substantial upside.
  1. Listed by Alexander Partida • Realty of America, LLC
  2. Listed by Jocelyne Cardona • Realty of America, LLC

Property Details for 2501 South Springfield Avenue

Area
CHI - South Lawndale
Township
West Chicago
Zoning
MULTI
LISTING UPDATED: 11/13/2024 12:07 AM

Property Details for 2501 South Springfield Avenue

StatusActive
MLS #12205806
Days on Market8
Taxes$12,444 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1917
Lot Size0.18 AC / 7,968 SF
CountyCook County

Building Information for 2501 South Springfield Avenue

Stories3Residences9Year Built1917Building Size-Lot Size0.18 AC / 7,968 SF

Property Information for 2501 South Springfield Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 6-12 Spaces
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Gas,Radiators
  • Num of Baths: 9.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 65 X 122
  • Lot Size Square Feet: 7968.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 40
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2501 South Springfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2501 South Springfield Avenue

Taxable ValueLand$8,366Additions$214,778Total$223,144
Tax Record2022$45,897 ($3,825 / month)
Home Facts
Total Finished SqFt2,900 SqFtAbove Grade Finished SqFt2,900 SqFtStories3Lot Size7,968 SqFtStyleMulti-Family Res (5+ Units)Year Built1917CountyCOOKAPN16-26-120-001

Schools near 2501 South Springfield Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 4 to 8
Charter - K to 8
Rating
School
Distance
Little Village Elementary School
PublicPK to 8

Infinity Math Science & Tech High School
Public9 to 12

Castellanos Elementary School
Public4 to 8

KIPP Chicago Chrtrs - Ascend Acad
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2501 South Springfield Avenue is a multi-family home for sale in Chicago, IL 60623. This property was listed for sale on November 7, 2024 by Realty of America, LLC, it's currently listed at $799,999. This listing's school district is Chicago Public Schools. Nearby schools include Little Village Elementary School, Infinity Math Science & Tech High School and Castellanos Elementary School. 2501 South Springfield Avenue is a 14-bed, 9-bath, multi-family home built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty of America, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/13/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.