3750 N Albany Avenue
Chicago, IL 60618
- 6 beds
- 2 baths
- – sqft
- 3,125 sqft lot
- 1898 build
- – on site
Explore the potential of 3750 N Albany Ave, a captivating two-unit property in Chicago's vibrant Avondale neighborhood. This building offers an outstanding opportunity for both investors and house hackers. The first-floor unit, operated as a lucrative Airbnb, generates a remarkable $55,000 annually, providing a cash flow of over $4,000 per month-more than double the average rental rate for similar 3-bedroom, 1-bath units in the area. Both units in this property have been exquisitely updated to cater to modern living standards. They feature three well-appointed bedrooms, stylish bathrooms, and kitchens equipped with the latest appliances. In-unit laundry facilities add to the convenience, ensuring a comfortable living experience for tenants. Enhanced energy efficiency is guaranteed with new windows, Ducane furnaces, Rheem Performance water heaters, and Ruud AC units, all under a 10-year warranty, significantly reducing maintenance concerns. For those considering house hacking, the second unit provides a perfect residential solution. Live comfortably in one unit while benefiting from the income generated by the Airbnb-operated first-floor unit. The inclusion of a detached two-car garage, equipped with Level 2 EV chargers, further enhances the appeal for eco-conscious residents and aligns with modern urban living standards. Positioned for convenience, this property is minutes from the Kennedy Expressway and the CTA Blue Line, offering easy access to downtown Chicago and popular local attractions like Wrigley Field and Logan Square. Investing in 3750 N Albany Ave means securing a property with robust cash flow, modern amenities, and a lifestyle of convenience and luxury in one of Chicago's most sought-after neighborhoods. Schedule your visit today and discover why this Avondale gem should be your next investment or home.
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Last updated Jun 26, 2024
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MLS# 12088815 —
The Building
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Year Built:1898
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Rebuilt:No
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New Construction:false
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Basement:Partial
Interior
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Rooms Total:12
Location
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Directions:ADDISON AVE TO ALBANY NORTH TO ADDRESS
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Location:87295
The Property
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Parcel Number:13241170240000
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Property Type:Residential Income
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Lot Size Dimensions:25 X 125
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Zoning:MULTI
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Waterfront:false
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Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (312) 826-9925
- Office phone:
- (312) 826-9925
Taxes
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Tax Year:2022
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Tax Annual Amount:6518.5
Beds
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Bedrooms Total:6
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Bedrooms Possible:6
Baths
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Baths:2
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Full Baths:2
The Listing
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Special Listing Conditions:None
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Buyer's Brokerage Compensation Type:% of Gross Sale Price
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Buyer's Brokerage Compensation:2%
Heating & Cooling
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Heating:Natural Gas, Forced Air
Utilities
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Sewer:Public Sewer
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Water Source:Lake Michigan
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
The Community
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Community Features:Sidewalks, Street Lights, Street Paved
Parking
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Parking Total:2
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Garage Type:Detached
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Garage Spaces:2
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Garage Onsite:Yes
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Garage Ownership:Owned
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/19/24
Jun 19, 2024
|
Listed / Active | MRED | $600,000 | 151.0% (15.1% / YR) |
5/15/24
May 15, 2024
|
Listed / Active | MRED | ||
5/3/24
May 3, 2024
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Sold Subject To Contingencies | MRED |