6322 N Albany Avenue
Chicago, IL, 60659
$3,270,000
Beds
0 Baths
19,000 SqFt
0.28 Acres
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$3,270,000
6322 N Albany Avenue
Chicago, IL, 60659
MLS #MRD12298513 img 0MLS #MRD12298513 img 1MLS #MRD12298513 img 2MLS #MRD12298513 img 3MLS #MRD12298513 img 4
The offering consists of a 24-unit courtyard style building. The unit mix contains 7 one-bedroom, 16 two-bedroom, and 1 three-bedroom apartment. 11 of the 24 units have been fully renovated. The renovated units are achieving approximately $200 more per month in rental income than the non-renovated units. This is an opportunity for a new investor to continue with unit renovations and stabilize the operations of the property through building and unit improvements and increasing rents to market levels

Property Details

Price:
$3,270,000
MLS #:
MRD12298513
Status:
Active
Beds:
0
Baths:
0
Address:
6322 N Albany Avenue
Type:
Commercial
Neighborhood:
CHI – West Ridge
City:
Chicago
Listed Date:
Feb 25, 2025
State:
IL
Finished Sq Ft:
19,000
Total Sq Ft:
19,000
ZIP:
60659
Lot Size:
12,276 sqft / 0.28 acres (approx)
Year Built:
1930

Schools

Interior

Exterior

Construction Materials
Brick, Concrete

Financial

Net Operating Income
$252,143
Tax Year
2023
Taxes
$39,658
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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6322 N Albany Avenue
Chicago, IL