4925 N Albany Ave Chicago, IL 60625
Albany Park NeighborhoodEstimated payment $6,990/month
Highlights
- 2 Car Detached Garage
- Forced Air Heating System
- 3-minute walk to Ronan Park
About This Home
Turnkey 4-Unit Opportunity in Albany Park Exceptional, fully remodeled 4-unit building offering immediate income, low maintenance, and outstanding long-term upside. Each spacious unit features a desirable 3-bedroom, 2-bath layout with in-unit laundry, creating strong tenant demand and premium rental potential. All four units have been renovated to a consistent modern standard with updated kitchens, bathrooms, flooring, and mechanicals, making this a true move-in-ready asset. Investors will appreciate the stable income, efficient management, and minimal upfront capital required. Owner-occupants will love the opportunity to live in one unit while generating income from the others. Tenants pay their own utilities, helping keep expenses low and returns strong. The property also includes a 2-car garage plus additional parking, adding convenience and value for residents. Ideally located near the Brown Line, shopping, dining, and all that Albany Park has to offer, this property combines convenience, quality, and strong rental demand. Whether you're expanding your portfolio or looking for a live-in investment, this is a rare opportunity to own a fully updated 4-unit in a highly desirable neighborhood.
Listing Agent
@properties Christie?s International Real Estate License #475128964 Listed on: 04/01/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,700
Year Built
- Built in 1923 | Remodeled in 2025
Lot Details
- Lot Dimensions are 30x125
Parking
- 2 Car Detached Garage
- Parking Available
- Garage Door Opener
- Off Alley Parking
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Asphalt Roof
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Potential Bedrooms
- 8 Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $50
- Insurance Expense $7,000
- Water Sewer Expense $250
- Gross Income $121,000
- Net Operating Income $99,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,858 | $67,000 | $13,125 | $53,875 |
| 2024 | $11,858 | $67,000 | $13,125 | $53,875 |
| 2023 | $11,559 | $56,000 | $10,500 | $45,500 |
| 2022 | $11,559 | $56,000 | $10,500 | $45,500 |
| 2021 | $10,626 | $56,000 | $10,500 | $45,500 |
| 2020 | $9,552 | $45,834 | $5,437 | $40,397 |
| 2019 | $9,929 | $52,683 | $5,437 | $47,246 |
| 2018 | $10,191 | $54,862 | $5,437 | $49,425 |
| 2017 | $8,607 | $43,226 | $4,875 | $38,351 |
| 2016 | $8,185 | $43,226 | $4,875 | $38,351 |
| 2015 | $7,466 | $43,226 | $4,875 | $38,351 |
| 2014 | $7,190 | $41,179 | $4,500 | $36,679 |
| 2013 | $7,037 | $41,179 | $4,500 | $36,679 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/05/2026 04/05/26 | Pending | -- | -- | -- | |
| 04/01/2026 04/01/26 | For Sale | $1,150,000 | +102.8% | -- | |
| 08/20/2021 08/20/21 | Sold | $567,000 | -3.9% | $139 / Sq Ft | View Prior Sale |
| 06/11/2021 06/11/21 | Pending | -- | -- | -- | |
| 06/04/2021 06/04/21 | For Sale | -- | -- | -- | |
| 02/15/2021 02/15/21 | Pending | -- | -- | -- | |
| 02/09/2021 02/09/21 | For Sale | $589,900 | 0.0% | $145 / Sq Ft | |
| 02/01/2021 02/01/21 | Pending | -- | -- | -- | |
| 01/07/2021 01/07/21 | Price Changed | $589,900 | -1.7% | $145 / Sq Ft | |
| 10/15/2020 10/15/20 | For Sale | $599,900 | +5.8% | $147 / Sq Ft | |
| 10/01/2020 10/01/20 | Off Market | $567,000 | -- | -- | |
| 09/18/2020 09/18/20 | For Sale | $599,900 | -- | $147 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12601447
APN: 13123110110000
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Ask me questions while you tour the home.