4624 N Springfield AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60625
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12429291
Bedrooms 7
Year Built 1908
Annual Tax Amount $5,082
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Welcome to this stunning, fully renovated legal 3-flat on a quiet, tree-lined street in the heart of Albany Park, one of Chicago's most vibrant and diverse neighborhoods. Perfect for multigenerational living, house hacking or a savvy investment, this turnkey property features two spacious 3-bedroom/1-bath units and a charming 1-bedroom/1-bath top-floor unit, each with its own private outdoor space, plus a two-car garage with two lockable storage units. Unit 3 includes a beautiful new fire-resistant deck, ideal for enjoying morning coffee or sunset views over the treetops. The entire building underwent a comprehensive remodel in 2022, boasting brand-new kitchens, bathrooms, in-unit laundry, flooring, lighting, and fresh paint throughout. In 2025, the property was further enhanced, including a new copper water line from the street, closed-cell attic insulation, new ductwork, a new common electric meter, a concrete subfloor with vapor barrier in Unit 1, and fresh landscaping. In 2023, a complete tear-off roof replacement provided long-term protection and peace of mind. Sun-filled living spaces are complemented by quality finishes and thoughtful modern design. Located just steps from top-rated schools, North Park University, the CTA Blue and Brown Lines, and a global array of shops, cafes, and restaurants, this property offers the perfect blend of comfort, community, and income potential. Investor special with solid numbers: $6,850/mo in total rental income (incl. garage), $82,200 annual gross income. GRM of 10.9 and Cap Rate of 8.1 based on estimated $10K annual expenses. Strong cash flow and value relative to market averages. Great opportunity for investors or owner-occupants seeking income-producing property.
Location
State IL
County Cook
Area Chi - Albany Park
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas
Equipment CO Detectors,Ceiling Fan(s),Multiple Water Heaters,Water Heater-Gas
Fireplace N
Exterior
Garage Spaces 2.0
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Vinyl Siding, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Vinyl Siding
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.youtube.com/watch?v=kpesW832DzA