Hot Avondale – Exceptional Investment Opportunity! Well Maintained Multi-Unit Building With Endless Possibilities – $464,850 (Under Contract)

3223 N. Albany Avenue, Chicago, IL 60618

3223 N Albany Ave, Chicago, IL 60618 exterior

buyer rebatesHot 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

Living Room

Tall windows with Western exposure allow for ample natural light.

3223 N Albany Ave, Chicago, IL 60618 living room

Owner’s unit has been well maintained and recently freshly painted.

3223 N Albany Ave, Chicago, IL 60618 living room

Dining Room

Notice the tall windows in the dining room.

3223 N Albany Ave, Chicago, IL 60618 dining room

Bring your design ideas, live in one unit and let the tenants from the other 2 units pay your mortgage.

3223 N Albany Ave, Chicago, IL 60618 dining room

Bathroom

The bathroom has been updated with modern white tile, new vanity and toilet.

3223 N Albany Ave, Chicago, IL 60618 bathroom

Kitchen

The kitchen is large enough to accommodate an island or breakfast table.

3223 N Albany Ave, Chicago, IL 60618 kitchen

Bedroom

All bedrooms in unit have closets and plenty of natural light.

3223 N Albany Ave, Chicago, IL 60618 bedroom

Bedroom

All three bedrooms are spacious.

3223 N Albany Ave, Chicago, IL 60618 bedroom

2nd Floor Unit

Living Room

Updates for this 2nd floor unit include new drywall and gas forced air heat system.

3223 N Albany Ave, Chicago, IL 60618 living room

Dining Room

You will appreciate the tall ceilings in the 2nd floor apartment.

3223 N Albany Ave, Chicago, IL 60618 dining room

Kitchen

The owner has update all units including kitchens. Freshen up the cabinets and keep the rent coming.

3223 N Albany Ave, Chicago, IL 60618 kitchen

Bedroom

Keep this unit as a 4 bedroom or combine two to make large master bedroom.

3223 N Albany Ave, Chicago, IL 60618 bedroom

Bedroom

Large bedrooms and high ceilings will always keep this rental unit desirable.

3223 N Albany Ave, Chicago, IL 60618 bedroom

Attic

Duplex up and combine two floors to make owners unit.

3223 N Albany Ave, Chicago, IL 60618 living room

Possibilities are endless with the large attic space.

3223 N Albany Ave, Chicago, IL 60618 kitchen

Attic unit has full bathroom with full height shower.

3223 N Albany Ave, Chicago, IL 60618 bathroom

Laundry Room

Tenants not paying for laundry, owner leaving plenty of income on the table. Savvy new owners can generate much higher rental income.

3223 N Albany Ave, Chicago, IL 60618 basement

Basement

The 1st floor unit has a boiler, the 2nd floor has gas forced air system.

3223 N Albany Ave, Chicago, IL 60618 basement

Exterior Back

Backyard has patio pavers and ready for all your patio design ideas.

3223 N Albany Ave, Chicago, IL 60618 exterior

2 car garage can generate more income.

3223 N Albany Ave, Chicago, IL 60618 exterior

Additional Features:

Unit 1 Rent $1,200
Unit 2 Rent $1,200
Unit 3 Rent $900
2 Car Garage
Property Taxes $5,067

Contact Information:

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