3750 North Albany Avenue

Chicago, IL 60618

$600,000
Price
6
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Moses Hall • MoHall Commerical & Urban Development

Property Details for 3750 North Albany Avenue

Area
CHI - Irving Park
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Location

Listing Courtesy of MoHall Commerical & Urban Development
Add your commute
LISTING UPDATED: 05/31/2024 06:11 PM

Property Details for 3750 North Albany Avenue

StatusActive
MLS #12055627
Days on Market17
Taxes$6,519 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1898
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of MoHall Commerical & Urban Development
Add your commute

Building Information for 3750 North Albany Avenue

Stories-Residences2Year Built1898Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$3,818 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,274

Property Taxes

$543

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3750 North Albany Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Location and General Information
  • Postal Code Plus 4: 4522
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Basement Type: Partial
  • Bedrooms Possible: 6
  • Basement Description: Crawl, Other
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2016
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25 X 125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding, Vinyl Siding
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • North Coordinate: 3750
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3100
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA, Cash
  • Public Document Count: 1
  • Document Date: 2024-05-17T17:35:01
  • Photos Count: 38
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $4,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: AIRBN
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: OWNER

Property History for 3750 North Albany Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3750 North Albany Avenue

Taxable ValueLand$15,625Additions$19,375Total$35,000
Tax Record2022$6,518 ($543 / month)
Home Facts
Baths2Total Finished SqFt1,576 SqFtAbove Grade Finished SqFt1,576 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1898CountyCOOKAPN13-24-117-024

Schools near 3750 North Albany Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 9 to 12
Rating
School
Distance
Cleveland Elementary School
PublicPK to 8

Schurz High School
Public9 to 12

CICS Irving Park
CharterK to 8

Pathways in Education Avondale
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

3750 North Albany Avenue is a multi-family home for sale in Chicago, IL 60618. This property was listed for sale on May 14, 2024 by MoHall Commerical & Urban Development, it's currently listed at $600,000. It has been on the market for a total of 17 days and was last sold on October 13, 2016. This listing's school district is City Of Chicago School District 299. Nearby schools include Cleveland Elementary School, Schurz High School and CICS Irving Park. 3750 North Albany Avenue is a 6-bed, 2-bath, multi-family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MoHall Commerical & Urban Development

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/31/2024 06:11 PM. 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.