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$2,050,000

  • For Sale
  • Active
  • Commercial
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Set on a quiet, tree-lined block in the heart of Logan Square, 2838-40 North Albany Avenue is a 1911 vintage brick eight-unit with a rare mix for the neighborhood - four true two-bedrooms and four one-bedrooms across 6,400 square feet. 6 of 8 interiors have been updated over time with quartz counter tops, stainless steel appliances and dishwashers, hardwood floors and refinished baths, while original exposed brick and radiator heat keep the vintage character intact. The location does the heavy lifting: minutes from the CTA Blue Line at Logan Square and Belmont, the Milwaukee and Fullerton retail corridors, and the Kennedy. Current gross rents are over $188k annually - a 10.9 GRM and 6.09% cap rate in place, with additional upside through bringing rents to market and renovating the remaining 2 units. Water heater is newer, boiler was installed in 2015 and roof is ~15 yrs old.

Full Property Details for 2838 N Albany Ave

General

  • Price: $2,050,000
  • HOA FEE: $4,000
  • Taxes: $24,202 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12753317

Interior

  • Basement: Unfinished

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: CHI - Avondale
  • County: Cook
  • Driving Directions: West on Diversey, North on Albany

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Hot Water, Radiators

Utilities

  • Trash: 2946

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation: Concrete Perimeter
  • Stories/Levels: 3
  • Year Built: 1895
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 8
  • # Dryers: 8

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Dimensions: 124 x 39

Financial Considerations

  • Maint. Fee: $4,000
  • Insurance Fee: $4,303
  • Operating Expenses: $64,077
  • Other Fee: $8,122
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1895
  • Tax Amount: $24,202
  • Tax Year: 2025
  • Tenant Pays: Electricity, Heat
  • Pays Electric: 637
  • Pays Trash: 2946

Disclosures and Reports

  • Property ID: 13251300210000

Listed by Horvath & Tremblay IL, LLC

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Listing agents

— 2838 N Albany Ave —

  • Horvath & Tremblay IL, LLC

  • Horvath & Tremblay IL, LLC

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 2838 N Albany Ave

School District:Chicago Public School District 299
NameGradesDistance
Avondale - Logandale Elementary School
3212 West George Street, Chicago, IL 60618
K-80.2 mi
Schurz High School
3601 North Milwaukee Avenue, Chicago, IL 60641
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 2838 N Albany Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$23,415
42%
$116,156
49%
2023
$16,468
3%
$77,771
—
2022
$16,051
2%
$77,771
—
2021
$15,690
—
$77,771
11%
2020
$15,650
11%
$70,000
—
2019
$14,115
2%
$70,000
—
2018
$13,827
-2%
$70,000
6%
2017
$14,169
7%
$65,820
—
2016
$13,183
9%
$65,820
—
2015
$12,061
-1%
$65,820
—
2014
$12,212
2%
$65,820
—
2013
$11,971
1%
$65,820
—
2012
$11,811
—
$65,820
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Horvath & Tremblay IL, LLC

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2838 N Albany Avenue, Chicago, IL 60618 (MLS# 12753317) is a Commercial property. 2838 N Albany Avenue is currently listed for $2,050,000 and was received on September 14, 2026. Want to learn more about 2838 N Albany Avenue? Do you have questions about finding other Commercial real estate for sale in Avondale? You can browse all Avondale real estate or contact a Coldwell Banker agent to request more information.

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