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Listed by Micah Weisof Horvath & Tremblay IL, LLC
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Est. payment | /mo
3,920 Sqft Lot
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Est. payment | /mo
3,920 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12753317
Year Built 1895
Annual Tax Amount $24,202
Tax Year 2025
Lot Size 3,920 Sqft
Lot Dimensions 124 x 39
Property Sub-Type Multi Family 5+
Property Description
Set on a quiet, tree-lined block in the heart of Logan Square, 2838-40 North Albany Avenue is a 1911 vintage brick eight-unit with a rare mix for the neighborhood - four true two-bedrooms and four one-bedrooms across 6,400 square feet. 6 of 8 interiors have been updated over time with quartz counter tops, stainless steel appliances and dishwashers, hardwood floors and refinished baths, while original exposed brick and radiator heat keep the vintage character intact. The location does the heavy lifting: minutes from the CTA Blue Line at Logan Square and Belmont, the Milwaukee and Fullerton retail corridors, and the Kennedy. Current gross rents are over $188k annually - a 10.9 GRM and 6.09% cap rate in place, with additional upside through bringing rents to market and renovating the remaining 2 units. Water heater is newer, boiler was installed in 2015 and roof is ~15 yrs old.
Location
State IL
County Cook
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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