$600,000
3750 N Albany Avenue
Chicago, IL, 60618
Discover a lucrative investment in one of Chicago’s fastest-growing neighborhoods, Avondale. This impeccably maintained two-unit building is a revenue-generating powerhouse. The ground floor unit is a highly successful Airbnb, earning an impressive $55,000 annually. This property is perfect for investors aiming to maximize cash flow and achieve substantial income potential. Both units feature three bedrooms and one bathroom each. Recent renovations include new flooring, updated kitchens with modern appliances, and in-unit washers and dryers for tenant convenience. New water heaters, energy-efficient windows on the second floor, and a meticulously sealed roof enhance the property’s long-term value and reduce maintenance costs. Both units and the detached two-car garage are equipped with Level 2 EV chargers, appealing to eco-conscious tenants and increasing rental desirability. Situated on a 25 X 125 lot in Jefferson Township, the property offers unparalleled access to public transport, expressways, the Blue Line, parks, and schools. It’s a gateway to experiencing the best of Chicago, from downtown to Wrigley Field. Additional upgrades such as a crawl space encapsulation system, new water spigot, and updated siding on the garage and front porch ensure a worry-free investment. Significant updates already completed minimize future capital expenditures, enhancing net returns. 3750 N Albany Ave stands out as an exceptional opportunity for savvy investors. With its blend of modern amenities, historical charm, and high income potential, this property is positioned to deliver significant returns. Whether you’re looking to expand your portfolio or seeking a dependable income-generating asset, this Avondale gem offers the perfect balance of stability and profitability.
Property Details
Price:
$600,000
MLS #:
MRD12055627
Status:
Active
Beds:
6
Baths:
2
Address:
3750 N Albany Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
May 14, 2024
State:
IL
ZIP:
60618
Year Built:
1898
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Community Features
Sidewalks, Street Lights, Street Paved
Parking Spots
2
Financial
Buyer Agent Compensation
2%% of Gross Sale Price
Tax Year
2022
Taxes
$6,519
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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3750 N Albany Avenue
Chicago, IL
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