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Listed by James Michaelsof Fathom Realty IL
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Est. payment | /mo
8 Beds
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Est. payment | /mo
8 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12750088
Bedrooms 8
Year Built 1916
Annual Tax Amount $13,271
Tax Year 2025
Lot Dimensions 30x 125
Property Sub-Type Two to Four Units
Property Description
Family owned 30+ years, Legal 3-Unit Opportunity in Albany Park reflecting current family owned rental amounts and outstanding long-term upside. In ADU district , where Chicago's permanent Additional Dwelling Unit ordinance (effective April 2026). Buyers may have a path to explore building additional coach house in rear for additional living space as a conforming ADU, adding a possible additional income stream. First and Second floor with spacious units featuring desirable 3-bedroom layouts, creating strong tenant demand and premium rental potential. Full 2 bedroom 2 bath legal unit in lower level. Red Hot Albany Park that Investors will appreciate. Owner-occupants will also love the opportunity to live in one unit while generating income from the others. May also be an excellent condo conversion project. Tenants pay their own utilities, helping keep expenses low and returns strong. The property also includes a 2-car garage plus additional space on side of garage, adding convenience and value for residents. Ideally located near the Brown Line, shopping, dining, and all that Albany Park has to offer. This property combines convenience, quality, and strong upside rental demand. Whether you're expanding your portfolio or looking for a live-in investment, this is a rare opportunity to own a legal 3 with possible added ADU potential in a highly desirable neighborhood.
Location
State IL
County Cook
Rooms
Basement Finished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Roof Type Asphalt,Rubber
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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