4624 N Springfield Ave

Chicago, IL 60625

$785,000
Last Sold Price
7
Beds
2,750 Sq. Ft.
$285 / Sq. Ft.
2,750
Sq. Ft.
$285
per Sq. Ft.
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Closed 11/20/25Virtual Tour
Closed 11/20/25Virtual Tour
a view of a brick house with large windows
a living room with furniture and a wooden floor
a view of a kitchen with wooden floor and a refrigerator
a living room with furniture and a table
a kitchen with stainless steel appliances a refrigerator sink and microwave
a kitchen with granite countertop a refrigerator stove top oven and sink
a bedroom with a bed and a window
a view of empty room with wooden floor
a view of empty room with window and wooden floor
a view of an empty room with a window
a view of an empty room
an empty room with wooden floor and windows
a bathroom with a sink a toilet and a mirror
a bathroom with a sink a mirror and a bathtub
a picture of a bathroom with a shower
a view of an empty room
a view of an empty room with a window and wooden floor
an empty room with wooden floor and windows
a kitchen with a table chairs refrigerator and microwave
wooden floor in an empty room with a window
a kitchen with granite countertop a sink and a stove top oven
a kitchen with a sink stove and microwave
a bathroom with a sink a toilet and shower
an empty room with a window
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a bedroom with a bed and a window
an empty room with a window
a view of a hallway with washer and dryer
a picture of a floor plan
a kitchen with stainless steel appliances a stove microwave and refrigerator
wooden floor in an empty room with a window
a living room with furniture and a couch
a view of empty room with wooden floor
a view of an empty room
an empty room with wooden floor and windows
wooden floor in an empty room with a window
a bathroom with a bathtub sink vanity and mirror
a view of small space with wooden floor and windows
a kitchen with a stove and a microwave
a kitchen with stainless steel appliances granite countertop a refrigerator a sink dishwasher a stove and white cabinets with wooden floor
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Description

Be captivated by this move-in ready, vacant prime Albany Park 3-flat-a rare investment opportunity! This renovated legal 3-flat is a true gem located on a charming tree-lined street in Albany Park, a vibrant neighborhood celebrated for its cultural diversity, thriving local dining scene, walkable streets, and convenient access to top-rated schools, parks, and public transit. Unit 1 and Unit 2 each offer three bedrooms, with the third bedroom providing flexible space perfect for a home office, nursery,...Be captivated by this move-in ready, vacant prime Albany Park 3-flat-a rare investment opportunity! This renovated legal 3-flat is a true gem located on a charming tree-lined street in Albany Park, a vibrant neighborhood celebrated for its cultural diversity, thriving local dining scene, walkable streets, and convenient access to top-rated schools, parks, and public transit. Unit 1 and Unit 2 each offer three bedrooms, with the third bedroom providing flexible space perfect for a home office, nursery, or guest room. Unit 3 is a modern, oversized one-bedroom with versatile flex space that accommodates a spacious living room, dining area, additional storage, and a king-sized bedroom. The property includes 2022 appliances and in-unit washer/dryers in all three units, a 2023 tear-off roof, a 2025 concrete subfloor with vapor barrier in Unit 1, updated electrical and plumbing throughout, closed-cell attic insulation, new copper water service from the street replacing old lead lines, and a brand-new deck on the 3rd floor. Perfect for investors, owner-occupants seeking income, or multi-generational buyers, this rare legal 3-flat offers both modern updates and long-term appeal in a neighborhood where such opportunities are hard to secure-schedule your private tour today! Investor special with strong fundamentals. Total rental income of 7,150/month including garage (85,800 annually). Market-standard expenses of approximately $25,000 produce an NOI of about 60,800, supporting a 7.6 cap rate at the $799,000 list price and a GRM of 9.3. Conservative underwriting includes vacancy, management, and reserves for stability, with modest rent growth offering a pro forma cap rate near 8.5. Strong cash flow and attractive value compared to market averages.

Property Details for 4624 North Springfield Avenue

Area
CHI - Albany 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
Zoning
MULTI
LISTING UPDATED: 11/21/2025 02:13 PM

Property Details for 4624 North Springfield Avenue

StatusClosed
MLS #12495167
Days on Market9
Taxes$5,082 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1908
Lot Size0.07 AC / 3,049 SF
CountyCook County
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Location

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Building Information for 4624 North Springfield Avenue

Stories-Residences3Year Built1908Building Size-Lot Size0.07 AC / 3,049 SF

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$4,376 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,953

Property Taxes

$424

HOA Dues

$0

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Property Information for 4624 North Springfield Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 16
  • Bedrooms Total: 7
  • Bedrooms (Below Grade): 0
  • Bath Amenities: Double Sink,Soaking Tub
  • Basement Type: None
  • Bedrooms Possible: 7
  • Basement Bathrooms: No
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Exterior Features
  • Patio And Porch Features: Deck
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters, Water Heater-Gas
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2022
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • Construction: Vinyl Siding
  • Roof Type: Asphalt
  • General Information: None
  • North Coordinate: 4600
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3900
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 4
  • Document Date: 2025-10-15T22:48:43
  • Photos Count: 44
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: Video
Multi Family
Income & Expenses
  • Gross Income: $85,800.00
  • Other Addl Income: Garage/s
Unit 1
  • Unit Type Actual Rent: $2,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0/0
Unit 2
  • Unit Type Actual Rent: $2,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0/0
Unit 3
  • Unit Type Actual Rent: $1,850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 0/0

Property History for 4624 North Springfield Avenue

DateEvent & SourcePriceAppreciation
Nov 20, 2025

Sold

MRED #12495167

$785,000—
Oct 22, 2025

Pending

MRED #12495167

—
Oct 22, 2025

Contingent

MRED #12495167

—
DateEvent & SourcePrice
11/20/2025

Sold

MRED #12495167

$785,000
10/22/2025

Pending

MRED #12495167

—
10/22/2025

Contingent

MRED #12495167

—

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

Schools near 4624 North Springfield Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Haugan Elementary School
Public - PK to 8
Roosevelt High School
Public - 9 to 12
Art in Motion Charter School
Charter - 7 to 12
York Alternative High School
Public - 9 to 12
Rating
School
Distance
Haugan Elementary School
PublicPK to 8

Roosevelt High School
Public9 to 12

Art in Motion Charter School
Charter7 to 12

York Alternative High School
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.

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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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/21/2025 02:13 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.