4256 N Sawyer Ave Chicago, IL 60618
Albany Park NeighborhoodEstimated payment $7,800/month
Total Views
1,871
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About This Home
4256 N. Sawyer Ave., a six-unit walk-up apartment building situated in a low-density pocket bordered by Ravenswood Manor, Irving Park, and Mayfair in Chicago's desirable Albany Park neighborhood. The property consists of three (3) one-bedroom, one-bath units and three (3) twobedroom, one-bath units. Inside, the apartments feature hardwood flooring, individual furnaces, separate hot water tanks, and moderately updated kitchens and bathrooms. Each unit offers spacious floor plans with separate dining rooms, enclosed front sunrooms, and rear porches. The building has been well-maintained over the years with several recent capital improvements, including roof resealing, tuck-pointing, new gutters, vinyl windows, and the addition of two new back porches in 2017. Over the past 12 months, the current ownership has successfully increased revenue. Despite the already strong rental income, the property presents an attractive opportunity for investors to add further value through continued interior upgrades. Renovating kitchens and bathrooms with contemporary finishes, adding in-unit laundry, and possibly incorporating an additional garden apartment would significantly enhance the building's appeal and cash flow, positioning it as a premium rental property in a highly sought-after submarket. 4256 N. Sawyer Ave. is ideally located near public transportation and various neighborhood amenities, making it a highly attractive asset for both tenants and investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,288
Year Built
- Built in 1908
Utilities
- Central Heating
- Separate Meters
Additional Features
- 3-Story Property
- Lot Dimensions are 30' x 125'
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $240
- Insurance Expense $3,926
- Maintenance Expense $1,500
- Other Expense $1,200
- Trash Expense $1,073
- Water Sewer Expense $2,956
- Operating Expense $29,788
- Gross Income $104,400
- Net Operating Income $71,480
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 |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | For Sale | $1,200,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Home in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12410005
APN: 13144140200000
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