Chicago, IL 60618,3750 N Albany AVE
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Chicago, IL 60618,3750 N Albany AVE
Chicago, IL 60618,3750 N Albany AVE
Chicago, IL 60618,3750 N Albany AVE
Chicago, IL 60618,3750 N Albany AVE

$600,000

Est. payment /mo

$600,000

Est.Price: ?

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3750 N Albany AVE Chicago, IL 60618

6 Beds

2 Baths

SOLD DATE : 08/23/2024

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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Midwest Real Estate Data (MRED) IDX
Listed by Moses Hall • MoHall Commerical & Urban Development
Bought with Daniel Spector • Worth Clark Realty
agent

Michael Schatz

+1(312) 961-4450

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