3750 N Albany Avenue
Chicago,
IL
60618
Property Details
List Price: |
$600,000 |
Beds: |
6 |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
MoHall Commercial & Urban Development LLC |
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Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1898 |
Notes: |
Discover a lucrative investment in one of Chicago's fastest-growing neighborhoods, Avondale. This impeccably maintained two-unit building is a revenue-generating powerhouse. The ground floor unit is a highly successful Airbnb, earning an impressive $55,000 annually. This property is perfect for investors aiming to maximize cash flow and achieve substantial income potential. Both units feature three bedrooms and one bathroom each. Recent renovations include new flooring, updated kitchens with modern appliances, and in-unit washers and dryers for tenant convenience. New water heaters, energy-efficient windows on the second floor, and a meticulously sealed roof enhance the property's long-term value and reduce maintenance costs. Both units and the detached two-car garage are equipped with Level 2 EV chargers, appealing to eco-conscious tenants and increasing rental desirability. Situated on a 25 X 125 lot in Jefferson Township, the property offers unparalleled access to public transport, expressways, the Blue Line, parks, and schools. It's a gateway to experiencing the best of Chicago, from downtown to Wrigley Field. Additional upgrades such as a crawl space encapsulation system, new water spigot, and updated siding on the garage and front porch ensure a worry-free investment. Significant updates already completed minimize future capital expenditures, enhancing net returns. 3750 N Albany Ave stands out as an exceptional opportunity for savvy investors. With its blend of modern amenities, historical charm, and high income potential, this property is positioned to deliver significant returns. Whether you're looking to expand your portfolio or seeking a dependable income-generating asset, this Avondale gem offers the perfect balance of stability and profitability. |
MlsNumber: |
12055627 |
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Listing Provided By: |
MoHall Commercial & Urban Development LLC, original listing |
Name: |
MoHall Commercial & Urban Development LLC |
Phone: |
(312) 826-9925 |
Office Name: |
MoHall Commerical & Urban Development |
Office Phone: |
(312) 826-9925 |
Agent Name: |
Moses Hall |
Disclaimer: |
Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |