2542 S Albany Avenue
Chicago, IL 60623

Status: Active
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $749,000
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About this home

True FULL Gut Rehab down to the studs, on a lovely tree lined street in booming East Little Village. All units with modern, high end finishes; stainless steel appliances, quartz counters, in unit laundry, and hardwood floors throughout. The basement is also prepped to add 2 first floor units. Seller will build these 2 units out for an additional fee of $75, 000/unit after closing in a massive value add opportunity. As a legal 6-unit with market rents (all current rents are massively under market) the proforma monthly income should be $7, 500.

Property details

Property / Lot Details
Acreage 0.06
Lot Dimensions 25X125
Lot Size Less Than .25 Acre
Ownership Condo
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1897
Parking Total 2
Exterior Building Type Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2021
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - South Lawndale
Corporate Limits Chicago
Directions KEDZIE TO 26TH-- WEST TO ALBANY-- SOUTH TO 2542
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township South Chicago
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 4
Total Rooms 14
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1300
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Security Deposit NA
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 1
Baths Total 1
Actual Rent 1230
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 03/25
Rooms Total 3
Security Deposit NA
Tenant Pays Electric,Gas
Floor Number 1
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1325
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 05/25
Rooms Total 4
Security Deposit NA
Tenant Pays Electric,Gas
Floor Number 2
unit 4
Beds Total 1
Baths Total 1
Actual Rent 1440
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 06/24
Rooms Total 3
Security Deposit NA
Tenant Pays Electric,Gas
Floor Number 2

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16251220400000
Special Assessments N
Taxes $8,432
Tax Year 2021
$749,000 Listing Price:
MLS # 11940951
Investment Profile Residential Income
Listing Market Time 167 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking Garage
List Date 12/03/2023
Year Built 1897
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