$575,000
3801 N Albany Avenue
Chicago, IL, 60618
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.
Property Details
Price:
$575,000
MLS #:
MRD12434227
Status:
Active
Beds:
11
Baths:
4
Address:
3801 N Albany Avenue
Type:
Multi Family
Neighborhood:
CHI – Irving Park
City:
Chicago
Listed Date:
Aug 7, 2025
State:
IL
ZIP:
60618
Year Built:
1895
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Frame
Financial
Tax Year
2023
Taxes
$19,692
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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3801 N Albany Avenue
Chicago, IL
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