2155 N Spaulding Avenue Chicago, IL 60647

Four spectacularly large fully leased units span over 8,000 sq ft in brick building on 30 X 150 corner lot with brick 3-car garage. Serene residential block is steps from ultra green Palmer Square and vibrant Logan Square, surrounded by new luxury developments. An easy Sunday walk to the farmer's market in the center of Logan Square. Legal 4-unit property generates $116,400/yr in rental income with plenty of room to grow. Each unit occupies entire floor. See Virtual Tour and 3D Tour links with interactive floor plans. Units 1-3 are expansive 2,100+ sq ft, with 3br/2ba, a dining room, and a sunroom. The garden unit, also with 3br/2ba, spans 1,943 sq ft and has central air/heat. Natural oak floors and excellent natural light throughout. Current CAP rate at asking price over 6%. Current rents are as follows: Garden- $1,950 (exp 7/23), Unit 1- $2,500 (exp 7/24), Unit 2- $2,350 (exp 3/24), Unit 3- $2,300 (exp 4/24). 3 car garage generates additional $450/mo, and laundry machines bring in an extra $150/mo totaling a monthly income of $9,700. All windows replaced in 2021. New electric and plumbing in garden unit and 1st floor unit. Since garden unit has its own HVAC system, the tenant pays for heat and electricity. Tenants in units 1-3 cover their electricity costs. Building is equipped with a water meter, offering significant cost savings. Prior to the showing, interested buyers are encouraged to review the 3D tour and floor plans. No showings at this time. 2021 Property Taxes only $13,793. The brick and parapets are in excellent condition. Permits pulled and seller in process of having rear porches/stairwell entirely replaced.