3801 N Albany Ave Chicago, IL 60618
Irving Park NeighborhoodEstimated payment $4,789/month
Total Views
572
11
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Very Popular Property
- Forced Air Heating System
- Paved or Partially Paved Lot
About This Home
Exceptional opportunity to acquire a cash-flowing 4-unit property in the high-demand Irving Park neighborhood-ideal for the savvy investor seeking strong returns and long-term equity growth. The front frame building offers three spacious 3BD/1BA units, each with separately metered utilities and tenant-paid HVAC, minimizing owner expenses and boosting income. The rear structure adds an additional 2BD/1BA unit, offering diversified rental streams and maximum revenue potential. **This well-maintained asset sits on a quiet, tree-lined residential block, surrounded by consistent rental demand and strong neighborhood fundamentals. Tenants enjoy easy access to public transportation, major highways, parks, and retail, making it easy to lease and retain quality renters. **With minimal deferred maintenance, stable occupancy, and significant upside through rent increases or light value-add updates, this is a low-risk, high-reward investment. Ideal for cash buyers, 1031 exchange participants, or portfolio investors seeking a solid income-producing property in one of Chicago's fastest-appreciating areas. Turnkey, tenant-occupied, and sold as-is-start collecting rent from day one.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,692
Year Built
- Built in 1895
Lot Details
- 3,485 Sq Ft Lot
- Paved or Partially Paved Lot
Bedrooms and Bathrooms
- 11 Bedrooms
- 11 Potential Bedrooms
- 4 Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 4 Units
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | For Sale | $575,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12434227
APN: 13-24-110-023
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