$785,000
SOLD NOV 20, 2025

4624 N Springfield Ave Chicago, IL 60625

Albany Park Neighborhood
7 Beds
3 Baths
-- Sq Ft
3,049 Sq Ft Lot

Recently Sold

2% Below List Price

8 Days on Market

Highlights

  • Deck
  • Soaking Tub
  • Multiple Water Heaters
  • 2 Car Detached Garage
  • Ceiling Fan

About This Home

As of November 2025

Be captivated by this move-in ready, vacant prime Albany Park 3-flat-a rare investment opportunity! This renovated legal 3-flat is a true gem located on a charming tree-lined street in Albany Park, a vibrant neighborhood celebrated for its cultural diversity, thriving local dining scene, walkable streets, and convenient access to top-rated schools, parks, and public transit. Unit 1 and Unit 2 each offer three bedrooms, with the third bedroom providing flexible space perfect for a home office, nursery, or guest room. Unit 3 is a modern, oversized one-bedroom with versatile flex space that accommodates a spacious living room, dining area, additional storage, and a king-sized bedroom. The property includes 2022 appliances and in-unit washer/dryers in all three units, a 2023 tear-off roof, a 2025 concrete subfloor with vapor barrier in Unit 1, updated electrical and plumbing throughout, closed-cell attic insulation, new copper water service from the street replacing old lead lines, and a brand-new deck on the 3rd floor. Perfect for investors, owner-occupants seeking income, or multi-generational buyers, this rare legal 3-flat offers both modern updates and long-term appeal in a neighborhood where such opportunities are hard to secure-schedule your private tour today! Investor special with strong fundamentals. Total rental income of 7,150/month including garage (85,800 annually). Market-standard expenses of approximately $25,000 produce an NOI of about 60,800, supporting a 7.6 cap rate at the $799,000 list price and a GRM of 9.3. Conservative underwriting includes vacancy, management, and reserves for stability, with modest rent growth offering a pro forma cap rate near 8.5. Strong cash flow and attractive value compared to market averages.

Last Agent to Sell the Property

Maria DelBoccio

@properties Christie?s International Real Estate License #475146842 Listed on: 10/14/2025

@properties Christie?s International Real Estate

Last Buyer's Agent

John Gallagher

Baird & Warner License #475182973

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,082

Year Built

  • Built in 1908 | Remodeled in 2022

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x125

Parking

  • 2 Car Detached Garage
  • Parking Available
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms
  • Dual Sinks
  • Soaking Tub

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters
  • Gas Water Heater

Community Details

  • 3 Units
  • Gross Income $85,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,082

Year Built

Built in 1908 | Remodeled in 2022

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1908
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters, Water Heater-Gas
  • Bathroom Amenities: Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher

Exterior Features

  • Construction Materials: Vinyl Siding
  • Patio And Porch Features: Deck
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 85800
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 5082
  • Tax Year: 2023
  • Tax Exemptions: None
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2025 11/20/25 Sold $785,000 -1.9% --
10/22/2025 10/22/25 Pending -- -- --
10/14/2025 10/14/25 For Sale $799,900 +12.7% --
06/16/2023 06/16/23 Sold $710,000 -2.6% -- View Prior Sale
05/17/2023 05/17/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $729,000 +147.1% --
01/31/2022 01/31/22 Sold $295,000 -9.2% -- View Prior Sale
01/15/2022 01/15/22 Pending -- -- --
12/23/2021 12/23/21 For Sale -- -- --
12/21/2021 12/21/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $324,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,082 $35,001 $10,938 $24,063
2024 $5,082 $35,001 $10,938 $24,063
2023 $4,954 $24,000 $8,750 $15,250
2022 $4,954 $24,000 $8,750 $15,250
2021 $4,842 $24,000 $8,750 $15,250
2020 $4,802 $21,481 $4,531 $16,950
2019 $4,977 $24,691 $4,531 $20,160
2018 $4,893 $24,691 $4,531 $20,160
2017 $5,054 $23,398 $4,062 $19,336
2016 $4,702 $23,398 $4,062 $19,336
2015 $4,303 $23,398 $4,062 $19,336
2014 $2,433 $13,066 $3,750 $9,316
2013 $2,385 $13,066 $3,750 $9,316
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12495167

Midwest Real Estate Data (MRED)