3750 N Albany Avenue Chicago, IL 60618

1 / 38

View all 38 Photos

Map

Discover an exceptional investment opportunity at 3750 N Albany Ave, Chicago, IL 60618, located in the vibrant and fast-growing Avondale neighborhood. This meticulously updated two-unit building is a standout choice for savvy investors and house hackers, offering a unique blend of modern amenities and significant income potential. The ground floor unit is a highly successful Airbnb, generating an impressive $55, 000 annually, far exceeding typical market rental rates and providing a reliable and robust income stream. Each unit boasts three spacious bedrooms and one bathroom, complemented by recent high-quality renovations. These include brand new flooring, modernized kitchens equipped with state-of-the-art appliances, and in-unit washers and dryers, ensuring tenant convenience and satisfaction. Additionally, both units feature brand new Ducane furnaces and Rheem Performance water heaters, along with a Ruud AC unit. All these installations come with a 10-year warranty, guaranteeing efficient operation and significantly reducing future maintenance costs. The second-floor unit features energy-efficient windows, while the property's roof has been professionally sealed, enhancing the building's energy savings and durability. The detached two-car garage is equipped with Level 2 EV chargers, catering to eco-conscious tenants and adding to the property's appeal and rental desirability. Situated on a 25 x 125 lot in Jefferson Township, 3750 N Albany Ave offers unparalleled access to public transportation, expressways, the Blue Line, parks, and schools. Its prime location provides easy access to Chicago's key attractions, including downtown and Wrigley Field, making it a highly desirable location for tenants. Investors will appreciate the numerous advantages of this multifamily property, including consistent cash flow, lower vacancy risks, and tax benefits such as deductions on mortgage interest and maintenance costs. The ability to scale your real estate portfolio with such a property is an attractive feature, coupled with the diverse investment mechanisms available in the multifamily sector. With these substantial updates and high income potential, 3750 N Albany Ave stands out as a premier investment opportunity in Chicago. Whether you're looking to expand your portfolio or seeking a dependable, high-yield asset, this Avondale gem offers the perfect balance of stability and profitability. Don't miss the chance to invest in one of Chicago's most promising neighborhoods, ensuring a prosperous future in real estate investment.