2700 W Albion Avenue, Chicago, IL 60645 - Photo 1

1/1

$860,000

Sold
Closed
Commercial

1/1

Property Description

Well-maintained long-time family-owned, legal 6-flat offers an exceptional opportunity for investors. Recently updated with a full tear-off roof in 2023 and a newly replaced parapet wall, this property is primed for long-term stability. Each unit is on a month-to-month lease with under-market rents, providing significant potential for increased passive income. The building features a 2-car garage, with all units equipped with their own furnace, and four units with central air conditioning (HVAC 2016). Located in the desirable West Ridge neighborhood, this property represents a solid investment with room for value growth. Don't miss out on this opportunity to enhance your portfolio and capitalize on its potential.

Full Property Details

Full Property Details for 2700 W Albion Ave

General

Sold For: $860,000
Taxes: $11,393 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12148539
Added to Site: 484 day(s) ago

Parking

Parking Features: 1 to 5 Spaces

Location

Area: CHI - West Ridge
County: Cook
Driving Directions: West on Devon, North on Washtenaw, West on Albion

Heating & Cooling

Cooling Type: Central Air Conditioning, Central Individual, Window Unit(s)
Heating Type: Forced Air, Separate per Unit

Structural Information

Construction: Brick
Exterior Const.: Brick
Foundation: Concrete Perimeter
Stories/Levels: 2
Year Built: 1918
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 6
Units w/Range/Oven: 6
# Dryers: 1

Lot Features

Lot Size (Sq. Ft.): 4,387
Lot Dimensions: 125 x 25
Zoning: MULTI

Financial Considerations

Operating Expenses: $13,109
Assessment Year: 1918
Tax Amount: $11,393
Tax Year: 2023
Tenant Pays: Electricity, Heat

Disclosures and Reports

Property ID: 10364090360000

Listed by Keller Williams ONEChicago
Sold by Mita Shewakramani

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— 2700 W Albion Ave —

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Schools

Schools serving 2700 W Albion Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Boone Elementary School 6710 North Washtenaw Avenue, Chicago, IL 60645	K-8	0.2 mi
Mather High School 5835 North Lincoln Avenue, Chicago, IL 60659	9-12	0.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2700 W Albion Ave

Date

Details

Price

Change

Source

12/20/2024

Sold

$860,000

-4.44%

MLS

9/20/2024

Listed

$900,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Just Listed

$319,999

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Single Family
Active
Updated 2 days ago

6
Beds
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Total Baths
1,400
Sq. Ft.

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$25

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Commercial Lease
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Updated 3 days ago

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Just Listed

$424,900

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Active
Updated 5 days ago

5
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Price Reduced

-$10,000 (-1.74%)

$565,000

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Multi-Family
Active
Updated 17 hours ago

5
Total Beds

5734 W Cermak Rd, Cicero, IL 60804 - Photo 1

Price Reduced

-$36,000 (-5.26%)

$649,000

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Lots/Land
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Updated 1 day ago

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Price Reduced

-$10,000 (-3.23%)

$299,900

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Multi-Family
Active
Updated 5 days ago

3
Total Beds

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Price Reduced

-$2,000 (-0.73%)

$272,900

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Single Family
Active
Updated 1 day ago

4
Beds
2
Total Baths
1,700
Sq. Ft.

[Address not provided], Chicago, IL 60645 - Photo 1

Sold

$896,001

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Multi-Family
Closed

11
Total Beds

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Sold

$750,000

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Multi-Family
Closed

11
Total Beds

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Sold

$937,500

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Multi-Family
Closed

11
Total Beds

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Sold

$970,000

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Multi-Family
Closed
Updated 10 days ago

11
Total Beds

2700 W Albion Avenue, Chicago, IL 60645 (MLS# 12148539) is a Commercial property that was sold at $860,000 on December 20, 2024. Want to learn more about 2700 W Albion Avenue? Do you have questions about finding other Commercial real estate for sale in West Ridge? You can browse all West Ridge real estate or contact a Coldwell Banker agent to request more information.

2700 W Albion Ave Chicago, IL 60645