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.