2823 N. Albany Avenue, Chicago, IL 60618
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.
- 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
The original millwork has been well preserved; the foyer has a wide staircase.
Unit 2 – 2 Bedroom (2nd Floor)
With a Western exposure these units get plenty of natural light.
The two front units have a unique and functional lay out that includes dual access to the kitchen and a butler pantry.
The kitchen has a spacious pantry and dishwasher.
The 2nd floor unit has an extra large master bedroom with plenty of closet space.
All bedrooms have closet space.
All units have updated bathrooms.
Unit 1 – 3 Bedroom (1st Floor)
The original trim is intact in this 1st floor unit.
All living areas are spacious, have hardwood floors throughout and plenty of light.
This 1st floor unit also has a dishwasher.
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.
The spacious coach house has a living room and a downstairs laundry room. The structure is large with potential for higher rental income.
The kitchen in the coach house / 3rd unit has been updated.
All 3 bedrooms in this coach house are spacious.
Not often you find a property with a coach house with such generous room count and space.
All bathrooms have been updated including this coach house bathroom.
Please contact Gary Lucido at 312 738 0232 for a showing. Click here to see our other Chicago Area Homes for Sale.