$899,900
4624 N Springfield Avenue
Chicago, IL, 60625
Prime Albany Park 3-Flat – A Rare Investment Opportunity! Be captivated by the beauty of this renovated legal 3-flat, a true gem in Albany Park’s competitive market where lesser properties simply don’t compare. Set on a charming tree-lined street in this sought-after family-friendly neighborhood, its sleek modern design and finishes justify its premium price. This move-in-ready, low-maintenance building features 2022 appliances and in-unit washer/dryers in all three units, a 2023 tear-off roof, 2023 cameras installed for peace of mind, a 2025 concrete subfloor with vapor barrier in unit 1, updated electrical and plumbing throughout the building, closed cell attic insulation, a new copper pipe water service from the street replacing old lead lines, and a brand new deck on the 3rd floor. Investor special with solid numbers: $6,850/mo in total rental income (including garage), $82,200 annual gross income, a GRM of 10.9, and a Cap Rate of 8.1 based on estimated $10K annual expenses. Strong cash flow and value relative to market averages. Great opportunity for investors or owner-occupants seeking an income-producing property. This 3-flat also appeals to multi-generational buyers, enhancing its value in a market where legal 3-flats are hard to secure. Leave inferior comps behind – this is the investment you’ve been seeking. Act fast! Book a private tour today and discover why this 3-flat’s quality demands its premium price!
Property Details
Price:
$899,900
MLS #:
MRD12429291
Status:
Active
Beds:
7
Baths:
3
Address:
4624 N Springfield Avenue
Type:
Multi Family
Neighborhood:
CHI – Albany Park
City:
Chicago
Listed Date:
Jul 24, 2025
State:
IL
ZIP:
60625
Year Built:
1908
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Construction Materials
Vinyl Siding
Parking Features
Garage Door Opener, On Site, Garage Owned, Detached, Garage
Parking Spots
2
Roof
Asphalt
Financial
Tax Year
2023
Taxes
$5,082
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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4624 N Springfield Avenue
Chicago, IL
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