$600,000
$600,000
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3750 N Albany AVE Chicago, IL 60618
6 Beds
2 Baths
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12088815
Sold Date 08/23/24
Bedrooms 6
Year Built 1898
Annual Tax Amount $6,518
Tax Year 2022
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
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.
Location
State IL
County Cook
Area Chi - Irving Park
Zoning MULTI
Rooms
Basement Partial
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
Community Features Sidewalks, Street Lights, Street Paved
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Daniel Spector • Worth Clark Realty
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