Skip To Content

2838 N Albany Avenue

Chicago, IL 60618
  • $1,810,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 11270611
UPDATED: 36 min ago
$1,810,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1911
County:

School Ratings & Info

Description

The subject investment property is a walk-up style multifamily building on the border of Logan Square and Avondale. The apartments have all been modernized, with six being slightly more updated than then other two. Most feature white shaker cabinets, stone countertops, stainless steel appliances and exposed brick. The basement space includes storage lockers, bike storage and building-owned laundry equipment. A new investor has the opportunity to acquire a stable multifamily asset with upside in rent levels in a booming Chicago location. The property is being offered for sale free-and-clear of existing financing.

Monthly Payment Calculator



© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T19:00:34.413 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.bloomingtonareahomes.com/homes/123303246
Print Image

2838 N Albany Avenue Chicago, IL 60618

  • Price: $1,810,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 36 min ago
  • MLS #: 11270611
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1911
Built
Neighborhood:
Chi - Avondale
County:
Cook
Area:
Chi - Avondale
Property Description
The subject investment property is a walk-up style multifamily building on the border of Logan Square and Avondale. The apartments have all been modernized, with six being slightly more updated than then other two. Most feature white shaker cabinets, stone countertops, stainless steel appliances and exposed brick. The basement space includes storage lockers, bike storage and building-owned laundry equipment. A new investor has the opportunity to acquire a stable multifamily asset with upside in rent levels in a booming Chicago location. The property is being offered for sale free-and-clear of existing financing.
Exterior Features

Parking Total 0

Interior Features

Cooling Window Unit(S) Heat Ventilation Steam

Property Features

Additional Parcels YN No Approximate Age New Rehab Built Before1978 YN Yes Electric Circuit BreakersService - 101 To 200 Amps Gross Income 147300 Gross Scheduled Income 142848 Insurance Expense 3265 Maintenance Expense 2000 Net Operating Income 92322 Operating Expense 50526 Tax Annual Amount 21253 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 12275 Type Multi Family 5+

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Flats, Llc.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T19:00:34.413 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_11270611-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_11270611-1.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_1_11270611-1.jpg
Logo
Keller Williams Realty
2401 East Empire
Bloomington IL, 61704