Chicago, IL 60618 3801 N Albany Avenue
$575,000



8 more









Presented By: DEI Realty LLC
Home Details
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.
Presented By: DEI Realty LLC
Interior Features for 3801 N Albany Avenue
Bedrooms
Bedrooms Possible11
Total Bedrooms11
Bathrooms
Full Baths Building4
Half Baths Building
Total Baths4
Other Interior Features
BasementCrawl Space
Total Number of Units4
General for 3801 N Albany Avenue
CityChicago
Community FeaturesCurbs, Sidewalks, Street Lights, Street Paved
Construction MaterialsFrame
CountyCook
DirectionsTake Addison to Albany (N) to subject property.
Elementary School District299
HeatingNatural Gas, Forced Air
High School District299
MLS AreaCHI - Irving Park
Middle/Junior School District299
ModificationTimestamp2025-08-13T05:06:33.469Z
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount19692
Tax Year2023
Total Rooms22
TownshipJefferson
Year Built1895
Exterior for 3801 N Albany Avenue
Lot Dimensions3468
Lot Size Acres0.08
Total Parking0
Water SourceLake Michigan, Public
Waterfront Y/NNo
Additional Details
Price History
