3801 N Albany Avenue, Chicago, IL 60618
Local realty services provided by:Better Homes and Gardens Real Estate Connections



3801 N Albany Avenue,Chicago, IL 60618
$575,000
- 11 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:oscar darden
Office:dei realty llc.
MLS#:12434227
Source:MLSNI
Price summary
- Price:$575,000
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.
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Home facts
- Year built:1895
- Listing Id #:12434227
- Added:7 day(s) ago
- Updated:August 13, 2025 at 11:40 AM
Rooms and interior
- Bedrooms:11
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1895
- Lot area:0.08 Acres
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$575,000
- Tax amount:$19,692 (2023)
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