3750 N Albany Avenue
Chicago, IL 60618

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $600,000

About this home

Explore the potential of 3750 N Albany Ave, a captivating two-unit property in Chicago's vibrant Avondale neighborhood. This building offers an outstanding opportunity for both investors and house hackers. The first-floor unit, operated as a lucrative Airbnb, generates a remarkable $55, 000 annually, providing a cash flow of over $4, 000 per month-more than double the average rental rate for similar 3-bedroom, 1-bath units in the area. Both units in this property have been exquisitely updated to cater to modern living standards. They feature three well-appointed bedrooms, stylish bathrooms, and kitchens equipped with the latest appliances. In-unit laundry facilities add to the convenience, ensuring a comfortable living experience for tenants. Enhanced energy efficiency is guaranteed with new windows, Ducane furnaces, Rheem Performance water heaters, and Ruud AC units, all under a 10-year warranty, significantly reducing maintenance concerns. For those considering house hacking, the second unit provides a perfect residential solution. Live comfortably in one unit while benefiting from the income generated by the Airbnb-operated first-floor unit. The inclusion of a detached two-car garage, equipped with Level 2 EV chargers, further enhances the appeal for eco-conscious residents and aligns with modern urban living standards. Positioned for convenience, this property is minutes from the Kennedy Expressway and the CTA Blue Line, offering easy access to downtown Chicago and popular local attractions like Wrigley Field and Logan Square. Investing in 3750 N Albany Ave means securing a property with robust cash flow, modern amenities, and a lifestyle of convenience and luxury in one of Chicago's most sought-after neighborhoods. Schedule your visit today and discover why this Avondale gem should be your next investment or home.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1898
Parking Total 2
Exterior Building Type Aluminum Siding, Vinyl Siding
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2016
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Sidewalks, Street Lights, Street Paved
Area Major CHI - Irving Park
Zoning Type MULTI
Corporate Limits Chicago
Directions ADDISON AVE TO ALBANY NORTH TO ADDRESS
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description Crawl,Other
Basement Partial
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 2
Full Baths in Building Count 2
Total Rooms 12
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 4500
Appliances And Features Stove, Refrigerator, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date AIRBN
Rooms Total 6
Tenant Pays All
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date OWNER
Rooms Total 6
Tenant Pays All
Floor Number 2
Property / Lot Details
Lot Dimensions 25 X 125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing Conventional
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13241170240000
Special Assessments N
Taxes $6,519
Tax Exemptions Homeowner
Tax Year 2022
$600,000 Listing Price:
MLS # 12088815
Investment Profile Residential Income
Listing Market Time 65 days
Basement Partial
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 06/19/2024
Year Built 1898
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