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2436 N Albany Ave
Chicago, IL 60647
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Prime Logan Square near the Milwaukee Avenue corridor and CTA Blue Line.
- Well-maintained, all-brick three-unit building with large layouts, including a duplex.
- Logan Square’s strong rental demand supports long-term stability and appreciation.
- Easy access to downtown, O’Hare Airport, and major neighborhoods like Bucktown and Wicker Park.
- Each unit has separate HVAC and updated mechanicals for efficiency.
Executive Summary
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 10.7% below market, with the two 3 Bed / 1 Bath units averaging 13.6% below market rents and the duplex unit 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, front balconies / back porches, and a 2-car garage on a picturesque street right off of Kedzie Boulevard.
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, outdoor spaces, 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.
Current rents are 10.7% below market, with the two 3 Bed / 1 Bath units averaging 13.6% below market rents and the duplex unit 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, front balconies / back porches, and a 2-car garage on a picturesque street right off of Kedzie Boulevard.
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, outdoor spaces, 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.
Property Facts
| Price Per Unit | $572,908 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| No. Units | 3 | Building Size | 3,447 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | RT-4 - Residential zoning | ||
| Price Per Unit | $572,908 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,447 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | RT-4 - Residential zoning |
Property Taxes
| Parcel Number | 13-25-325-026-0000 | Improvements Assessment | $81,158 CAD |
| Land Assessment | $29,008 CAD | Total Assessment | $110,166 CAD |
Property Taxes
Parcel Number
13-25-325-026-0000
Land Assessment
$29,008 CAD
Improvements Assessment
$81,158 CAD
Total Assessment
$110,166 CAD
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