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Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 910-5022

$ 1,990,000

Est. payment -/mo

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Price Dropped by $60K

2838 N Albany AVE Chicago, IL 60618

3,920 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12753317

Maintenance Fees $4,000

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

Area Chi - Avondale

Rooms

Basement Unfinished

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Micah Weis of Horvath & Tremblay IL, LLC

Nearby School & Business

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MY BLOGS

Vacant Land Scams are REAL

About 6 months ago, I received an email from (let’s call him) Charlie. A “nothing out of the ordinary” email from a common (and mildly validating) charlie…..@hotmail stating: “I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slow

less is more, unless, it’s for less.

I hated looking for matching socks. Every day, my job required me to remove shoes at nearly every doorstep, and matching my socks was a daily frustration. Each day, I’d get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds

Contact Us

Phone

+1(847) 910-5022

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL 60005, USA