4418 North Albany Avenue

Chicago IL 60625

Multi-Family

Currently for sale - view listing

Overview

Family owned 30+ years, Legal 3-Unit Opportunity in Albany Park reflecting current family owned rental amounts and outstanding long-term upside. In ADU district , where Chicago's permanent Additional Dwelling Unit ordinance (effective April 2026). Buyers may have a path to explore building additional coach house in rear for additional living space as a conforming ADU, adding a possible additional income stream. First and Second floor with spacious units featuring desirable 3-bedroom layouts, creating strong tenant demand and premium rental potential. Full 2 bedroom 2 bath legal unit in lower level. Red Hot Albany Park that Investors will appreciate. Owner-occupants will also love the opportunity to live in one unit while generating income from the others. May also be an excellent condo conversion project. Tenants pay their own utilities, helping keep expenses low and returns strong. The property also includes a 2-car garage plus additional space on side of garage, adding convenience and value for residents. Ideally located near the Brown Line, shopping, dining, and all that Albany Park has to offer. This property combines convenience, quality, and strong upside rental demand. Whether you're expanding your portfolio or looking for a live-in investment, this is a rare opportunity to own a legal 3 with possible added ADU potential in a highly desirable neighborhood.

Features

8 bedrooms

5 bathrooms

2 carspaces

2 garage spaces

Multi-Family

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