Logan Square Multi Unit Building For Sale – $674,850 (SOLD)

2823 N. Albany Avenue, Chicago, IL 60618

2823 N Albany Street, Chicago, IL 60618 exterior get paid button

Great investment opportunity! You won’t worry about vacancies with this solid brick Logan Square multi-unit building. Well built and easy to maintain, the main building boasts all of the original woodwork and includes a 2 bedroom and a 3 bedroom unit. The independent coach house has 3 bedrooms. All three units have been updated and provide plenty of space with generous size bedrooms and closet space. Tenants pay their own utilities. Conveniently located close to train, expressway and all of the restaurants, great for live in owner or simply keep this money maker going.

 

Building Financials

  • CAP Rate – 6.3%
  • Net Operating Income – $43,790
  • Gross Expenses – $15,550
  • Property Taxes $10,901
  • Actual Rents
    • Unit 1  -$1650
    • Unit 2 – $1595
    • Unit 3 – $2700

Foyer

The original millwork has been well preserved; the foyer has a wide staircase.

2823 N Albany Street, Chicago, IL 60618 foyer

Unit 2 – 2 Bedroom (2nd Floor)

Living Room

With a Western exposure these units get plenty of natural light.

2823 N Albany Street, Chicago, IL 60618 unit 2 living room

Dining Room

The two front units have a unique and functional lay out that includes dual access to the kitchen and a butler pantry.

2823 N Albany Street, Chicago, IL 60618 unit 2 dining room

Kitchen

The kitchen has a spacious pantry and dishwasher.

2823 N Albany Street, Chicago, IL 60618 unit 2 kitchen

Master Bedroom

The 2nd floor unit has an extra large master bedroom with plenty of closet space.

2823 N Albany Street, Chicago, IL 60618 unit 2 bedroom 1

2nd Bedroom

All bedrooms have closet space.

2823 N Albany Street, Chicago, IL 60618 unit 2 bedroom 2

Bathroom

All units have updated bathrooms.

2823 N Albany Street, Chicago, IL 60618 unit 2 bathroom

Unit 1 – 3 Bedroom (1st Floor)

Living Room

The original trim is intact in this 1st floor unit.

2823 N Albany Street, Chicago, IL 60618 unit 1 living room

Dining Room

All living areas are spacious, have hardwood floors throughout and plenty of light.

2823 N Albany Street, Chicago, IL 60618 unit 1 dining room

Kitchen

This 1st floor unit also has a dishwasher.

2823 N Albany Street, Chicago, IL 60618 unit 1 kitchen

Unit 3 – 3 Bedroom (Coach House)

The stand alone coach house is the 3rd unit, it includes the independent laundry room and plenty of storage space for tenants.

2823 N Albany Street, Chicago, IL 60618 coach house

Living Room

The spacious coach house has a living room and a downstairs laundry room. The structure is large with potential for higher rental income.

2823 N Albany Street, Chicago, IL 60618 unit 3 living room

Kitchen

The kitchen in the coach house / 3rd unit has been updated.

2823 N Albany Street, Chicago, IL 60618 unit 3 kitchen

Bedroom

All 3 bedrooms in this coach house are spacious.

2823 N Albany Street, Chicago, IL 60618 unit 1 bedroom 1

 2nd Bedroom

Not often you find a property with a coach house with such generous room count and space.

2823 N Albany Street, Chicago, IL 60618 unit 3 bedroom

Bathroom

All bathrooms have been updated including this coach house bathroom.

2823 N Albany Street, Chicago, IL 60618 unit 3 bathroom

Contact Information:

Please contact Gary Lucido at 312 738 0232 for a showing. Click here to see our other Chicago Area Homes for Sale.

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