3223 N. Albany Avenue, Chicago, IL 60618
Hot Avondale – Exceptional investment opportunity, this well maintained multi-unit building has endless possibilities. New construction all around the neighborhood. Keep as an armchair investment property or convert to a single family home. Many updates include vinyl replacement windows throughout, copper plumbing lines, renovated kitchens and bathrooms, updated gas forced air HVAC system in one unit. First and second floor unit have more than 1,000 square feet each. Tall attic space, ripe for a duplex up conversion. Rents well below market value, building has easily over a 6% cap rate potential. Just steps from Belmont Blue Line stop. Add this to your portfolio today or make it your home. Perfect owner occupied opportunity, live in one unit and have your tenants pay down your mortgage.
1st Floor Unit
Tall windows with Western exposure allow for ample natural light.
Owner’s unit has been well maintained and recently freshly painted.
Notice the tall windows in the dining room.
Bring your design ideas, live in one unit and let the tenants from the other 2 units pay your mortgage.
The bathroom has been updated with modern white tile, new vanity and toilet.
The kitchen is large enough to accommodate an island or breakfast table.
All bedrooms in unit have closets and plenty of natural light.
All three bedrooms are spacious.
2nd Floor Unit
Updates for this 2nd floor unit include new drywall and gas forced air heat system.
You will appreciate the tall ceilings in the 2nd floor apartment.
The owner has update all units including kitchens. Freshen up the cabinets and keep the rent coming.
Keep this unit as a 4 bedroom or combine two to make large master bedroom.
Large bedrooms and high ceilings will always keep this rental unit desirable.
Duplex up and combine two floors to make owners unit.
Possibilities are endless with the large attic space.
Attic unit has full bathroom with full height shower.
Tenants not paying for laundry, owner leaving plenty of income on the table. Savvy new owners can generate much higher rental income.
The 1st floor unit has a boiler, the 2nd floor has gas forced air system.
Backyard has patio pavers and ready for all your patio design ideas.
2 car garage can generate more income.
Unit 1 Rent $1,200
Unit 2 Rent $1,200
Unit 3 Rent $900
2 Car Garage
Property Taxes $5,067
Please contact Gary Lucido at 312 738 0232 for a showing. Click here to see our other Chicago Area Homes for Sale.