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$600,000
31 Days Online

3750 N Albany Avenue
Chicago, IL 60618

For Sale|Multi-Family|Active
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of MoHall Commerical & Urban Development 312-826-9925

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3750 N Albany Avenue3750 N Albany Avenue3750 N Albany Avenue3750 N Albany Avenue
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Discover an exceptional investment opportunity at 3750 N Albany Ave, Chicago, IL 60618, located in the vibrant and fast-growing Avondale neighborhood. This meticulously updated two-unit building is a standout choice for savvy investors and house hackers, offering a unique blend of modern amenities and significant income potential. The ground floor unit is a highly successful Airbnb, generating an impressive $55, 000 annually, far exceeding typical market rental rates and providing a reliable and robust income stream. Each unit boasts three spacious bedrooms and one bathroom, complemented by recent high-quality renovations. These include brand new flooring, modernized kitchens equipped with state-of-the-art appliances, and in-unit washers and dryers, ensuring tenant convenience and satisfaction. Additionally, both units feature brand new Ducane furnaces and Rheem Performance water heaters, along with a Ruud AC unit. All these installations come with a 10-year warranty, guaranteeing efficient operation and significantly reducing future maintenance costs. The second-floor unit features energy-efficient windows, while the property's roof has been professionally sealed, enhancing the building's energy savings and durability. The detached two-car garage is equipped with Level 2 EV chargers, catering to eco-conscious tenants and adding to the property's appeal and rental desirability. Situated on a 25 x 125 lot in Jefferson Township, 3750 N Albany Ave offers unparalleled access to public transportation, expressways, the Blue Line, parks, and schools. Its prime location provides easy access to Chicago's key attractions, including downtown and Wrigley Field, making it a highly desirable location for tenants. Investors will appreciate the numerous advantages of this multifamily property, including consistent cash flow, lower vacancy risks, and tax benefits such as deductions on mortgage interest and maintenance costs. The ability to scale your real estate portfolio with such a property is an attractive feature, coupled with the diverse investment mechanisms available in the multifamily sector. With these substantial updates and high income potential, 3750 N Albany Ave stands out as a premier investment opportunity in Chicago. Whether you're looking to expand your portfolio or seeking a dependable, high-yield asset, this Avondale gem offers the perfect balance of stability and profitability. Don't miss the chance to invest in one of Chicago's most promising neighborhoods, ensuring a prosperous future in real estate investment.

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Listing Snapshot
Price 
$600,000
Days Online 
31 Days
Bedrooms 
6
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1898
MLS® Number 
12055627
Status 
Active
Property Tax 
$6,518
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
10 hours agoListing updated with changes from the MLS®
a month agoListing first seen online
General Features
Parking Spaces 
2
Sewer 
Public Sewer
Basement 
Partial
Property Sub Type 
Multi Family
Garage Spaces 
2
Zoning 
MULTI
General Information 
School Bus ServiceCommuter BusCommuter Train
Garage 
Detached
Rooms Total 
12
Lot Size 
Less Than .25 Acre
Water 
Lake Michigan
Parking Total 
2
Interior Features
Heating 
Natural GasForced Air
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Exterior Features
Waterfront Property 
No
Community Features
Township 
Jefferson
Community Features 
SidewalksStreet LightsStreet Paved
MLS Area 
CHI – Irving Park
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of MoHall Commerical & Urban Development 312-826-9925



Based on information submitted to the MLS GRID as of 2024-06-16 03:15 AM UTC. 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.
Data last updated: 2024-06-16 03:15 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

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