321 N Long Avenue

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Address: 321 N Long Ave, Chicago, IL 60644, USA
Chicago & Midwest + Apartment Buildings
Created date: August 30, 2026
Date last updated: September 14, 2026
Price: $489,000Investment Analyzer NEW!

Property Description

Don't miss this opportunity to own a 3-flat with space, flexibility, and income potential in a great Chicago location. The first-floor unit is designed as a duplex-down into the basement, creating a 4-bedroom, 2-bathroom layout. The connecting stairwell is currently blocked, and a kitchenette was added in the basement, which was previously rented for $800/month. Both the first floor and basement are now vacant and ready for the next owner's vision. Each unit offers central air, high ceilings, hardwood floors, newer windows, enclosed porch/office space, individual HVAC, and tenant-paid utilities. An oversized lot and 2-car garage add even more value. Perfect for an owner-occupant, house hacker, or investor ready to unlock the property's potential. Garage is currently rented for $200 per month. Sold AS-IS with a motivated seller looking for a quick sale.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $489,000
Year Built: 1890
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 9
Number of Bathrooms: 4
Address: 321 N Long Avenue, Chicago, IL 60644, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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