$999,900
Well-Maintained Brick 3-Flat + Garden Unit - Prime Chicago Investment Opportunity. Solid brick 3-flat with a garden apartment in Avondale, offering a strong blend of current cash flow and future value-add potential. The property features 3 spacious 2-bedroom / 1-bath units and a 1-bedroom / 1-bath garden apartment, making it ideal for both investors and owner-occupants. The upper units feature hardwood floors throughout, and select units have already been upgraded with newer kitchens and updated bathrooms. Additional units remain in more classic condition, presenting a clear opportunity for a buyer to increase rents through further improvements. The building has been exceptionally well maintained with many major capital improvements already completed. Some improvements include, upgraded 100 amps electrical, complete basement main plumbing overhaul in 2015, unit #1 updated in 2014, unit #2 updated in 2019. Each unit features their own laundry and separate utilities; tenants pay all their own utilities. With the heavy lifting already done, this property offers peace of mind alongside upside potential. Whether you're looking for a true armchair investment or a perfect house-hacking opportunity, this Chicago brick 3-flat checks all the boxes for long-term stability and growth all in a great location!
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3038 Albany Avenue, Chicago, IL 60618 — Cook County
IL License 475.178467 · (847) 810-8438
* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.
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