2436 North Albany Avenue
- Well-maintained all-brick 3-unit building with separate HVAC systems, updated mechanicals, and a 2-car garage.
- Enclosed masonry front porches, rear wood porches, and a spacious backyard with a deck.
- Desirable unit mix consisting of (2) 3 Bed / 1 Bath units and (1) 3 Bed / 2 Bath duplex unit.
- Significant rental upside with current rents 11% below market rates.
- Prime Logan Square location steps from the Milwaukee Avenue corridor, CTA Blue Line, popular restaurants, bars, coffee shops, and boutique retail.
Property Description
2436 North Albany Avenue presents the opportunity to acquire a well-maintained, all-brick 3-unit property in the heart of Logan Square, one of Chicago’s most sought-after and rapidly appreciating neighborhoods. The property consists entirely of spacious 3-bedroom layouts, including a large duplex unit, and offers investors a strong combination of stable in-place income and meaningful rental upside. Current rents are approximately 10.7% below market, with the two 3 Bed / 1 Bath units averaging approximately 13.6% below market rents and the duplex unit approximately 6.0% below market. This provides a clear path for a new owner to increase revenue without major renovation requirements. The property also features separate HVAC systems, updated mechanicals, and a 2-car garage. Recent multifamily sales in the immediate area further support the long-term strength and desirability of the submarket. With large unit sizes, strong tenant appeal, separate HVAC systems, garage parking, and below-market rents, 2436 North Albany Avenue is an ideal opportunity for investors seeking a stable asset with immediate rental upside and long-term appreciation in one of Chicago’s premier multifamily neighborhoods.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,249,000 |
| No. of Units: | 3 |
| Opportunity Zone: | No |
| Price per unit: | $416,333 |
| Property Website | Click Here |
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