2436 N Albany Ave - Apartments FOR SALE


Chicago, IL 60647- Logan Square
$1,249,000 USD
708-899-0453
2436 N Albany Ave, Chicago, IL for Sale
$1,249,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

2436 N Albany Ave
Chicago, IL 60647
Logan Square


HIGHLIGHTS

  • Prime Logan Square near the Milwaukee Avenue corridor and CTA Blue Line.
  • Easy access to downtown, O’Hare Airport, and major neighborhoods like Bucktown and Wicker Park.
  • Well-maintained, all-brick three-unit building with large layouts, including a duplex.
  • Each unit has separate HVAC and updated mechanicals for efficiency.
  • Logan Square’s strong rental demand supports long-term stability and appreciation.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

3

PRICE/UNIT

$416,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,632 SF

ZONING

RT-4

APN/PARCEL ID

13-25-325-026-0000

ASK ABOUT THIS PROPERTY

Jack DoyleEssex 312, LLCMore Info
708-899-0453

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Jack DoyleEssex 312, LLCMore Info
708-899-0453

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.