3801 North Albany Avenue

Chicago IL 60618

0.08 ac.

Multi-Family

Last sold for $570,000

Oscar Darden, last sold this property on 30 October 2025 after 195 days on market.

Overview

Exceptional opportunity to acquire a cash-flowing 4-unit property in the high-demand Irving Park neighborhood-ideal for the savvy investor seeking strong returns and long-term equity growth. The front frame building offers three spacious 3BD/1BA units, each with separately metered utilities and tenant-paid HVAC, minimizing owner expenses and boosting income. The rear structure adds an additional 2BD/1BA unit, offering diversified rental streams and maximum revenue potential. **This well-maintained asset sits on a quiet, tree-lined residential block, surrounded by consistent rental demand and strong neighborhood fundamentals. Tenants enjoy easy access to public transportation, major highways, parks, and retail, making it easy to lease and retain quality renters. **With minimal deferred maintenance, stable occupancy, and significant upside through rent increases or light value-add updates, this is a low-risk, high-reward investment. Ideal for cash buyers, 1031 exchange participants, or portfolio investors seeking a solid income-producing property in one of Chicago's fastest-appreciating areas. Turnkey, tenant-occupied, and sold as-is-start collecting rent from day one.

Features

11 bedrooms

4 bathrooms

0.08 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar 11 bedroom multi families sold in Chicago over the last 12 months.

Property history for 3801 North Albany Avenue

2025

Sold

$570,000

30 Oct 2025 by Oscar Darden, of DEI Realty LLC

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