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Chicago 60647 Logan Square
1737 N Spaulding Avenue
$756,490
● House - Off Market

1737 N Spaulding Avenue

Chicago, IL 60647
bedrooms
3 Beds
bathrooms
3 Baths
$4,437
Est. Monthly
2.95%
Cap Rate

About This Property

One-of -a Kind West Logan Square Gem  This truly remarkable 3 bedroom, 3 bath home situated right off the 606 trail in West Logan Square. This home is anything but ordinary. A perfect blend of charm and modern. Step inside, and your greeted with high ceilings and sunshine that create an airy welcoming vibe. The kitchen is an entertainer's dream with updated appliances and space to entertain.     Updated primary suite with walk-in closet and new renovated bathroom with double sinks and walk-in shower. Primary bedroom also has a private balcony overlooking the expansive backyard. Need a creative escape? The lower level is currently set up as a separate unit that is used as an Airbnb. But can be a great artist studio or family room.    Outside, your urban oasis awaits: a huge 177 foot lot backyard with a pergola patio with electric, TV mount and fan. The garage has double full size automatic doors and a parking pad. So room for 4 cars. 2 inside garage and 2 on the pad. A must see!    If you are looking for a really neat home, this is it.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$758
HOA Dues
-
Year Built
1895

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,425
  • Total Building Area: 1,117
  • Gross Building Area: 1,117
  • Building Area: 1,117
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,117
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SIMONS SUB
  • Land Acres: 0000000102
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: J R (LANES) RESUB OF BLK14 & EH BLK15 OF E SIMONS SUB OF SE SEC 35-40-13

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 230200

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 010-113-01
  • District: 71
  • Parcel: 13-35-416-010-0000
  • Block: 14,15
  • Lot: 43
  • Meridian: SEC 35 TWN 40N RNG 13E
  • Municipality: JEFFERSON
  • Latitude: 41.913
  • Longitude: -87.7097

    Address

  • Full Address: 1737 N Spaulding Ave
  • Address - House Number: 1737
  • Street Direction: N
  • Address - Street Name: Spaulding
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C004
  • 4-Digit Zip Code: 4920
  • Zip Code: 60647

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $814,083
  • Tax Rate Code Area: 71001

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 324,446
  • High Value: 357,250
  • Low Value: 291,642

    Market Valuation

  • Market Total Value: $430,000
  • Market Land Value: $132,750
  • Market Improvement Value: $297,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,000
  • Assessed Land Value: $13,275
  • Assessed Improvements Value: $29,725

    Sales

  • Current Sale Contract Date: Apr 12, 2023
  • Current Sale Recording Date: Apr 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 40122
  • Previous Sale Recording Date: Jan 14, 2022
  • Previous Sale Contract Date: Jan 07, 2022
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Northwest Side

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$285

Above Asking

0.00%

Average Days on Market

42

Average Home Size

1214 ft²

Average Home Age

78.6 years

Currently For Sale

758 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 3228 W Palmer Street, Chicago, IL, 60647

$2,500 /mo

  • 1 Bed
  • 1 Bath
3228 W Palmer Street #14, Chicago, IL, 60647 Listing by Ryan Clemons
Unit for rent at 2158 W Erie Street, Chicago, IL, 60612

$2,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
2158 W Erie Street #1, Chicago, IL, 60612 Listing by Nancy Simonson
Unit for rent at 2620 W Rice Street, Chicago, IL, 60622

$2,600 /mo

  • 2 Beds
  • 1 Bath
  • 1,100 ft²
2620 W Rice Street #1F, Chicago, IL, 60622 Listing by Marta Nakonechny-Druk

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jeffrey Beck, Baird & Warner
Data Source: MRED, MLS# MRD12326911
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. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1737 North Spaulding Avenue built and last sold?
The property at 1737 North Spaulding Avenue was built in 1895 and last sold on Apr 12, 2023 for $617,000.
How much is this home worth?
The estimated value of the home located at 1737 North Spaulding Avenue is $756,490.
What are some comparable homes to 1737 North Spaulding Avenue?
There are currently no comparable homes to 1737 North Spaulding Avenue.
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