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$570,000
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Property Description
Exceptional opportunity to acquire a cash-flowing 4-unit property in the high-demand Irving Park neighborhood-ideal for the savvy investor seeking strong returns and long-term equity growth. The front frame building offers three spacious 3BD/1BA units, each with separately metered utilities and tenant-paid HVAC, minimizing owner expenses and boosting income. The rear structure adds an additional 2BD/1BA unit, offering diversified rental streams and maximum revenue potential. **This well-maintained asset sits on a quiet, tree-lined residential block, surrounded by consistent rental demand and strong neighborhood fundamentals. Tenants enjoy easy access to public transportation, major highways, parks, and retail, making it easy to lease and retain quality renters. **With minimal deferred maintenance, stable occupancy, and significant upside through rent increases or light value-add updates, this is a low-risk, high-reward investment. Ideal for cash buyers, 1031 exchange participants, or portfolio investors seeking a solid income-producing property in one of Chicago's fastest-appreciating areas. Turnkey, tenant-occupied, and sold as-is-start collecting rent from day one.
Full Property Details
Full Property Details for 3801 N Albany Ave
General
- Sold For: $570,000
- Taxes: $19,692 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12434227
- Added to Site: 162 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 11
Additional Information
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Location
- Area: CHI - Irving Park
- County: Cook
- Driving Directions: Take Addison to Albany (N) to subject property.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan, Public
Structural Information
- Construction: Frame
- Exterior Const.: Frame
- Basement Desc.: Crawl Space
- Year Built: 1895
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.08
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3468
Financial Considerations
- Assessment Year: 1895
- Tax Amount: $19,692
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13241100230000
Listed by DEI Realty LLC
Sold by Baird & Warner
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Schools
Schools serving 3801 N Albany Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Cleveland Elementary School, Chicago, IL 3121 West Byron Street, Chicago, IL 60618 | PK-8 | 0.1 mi |
Schurz High School 3601 North Milwaukee Avenue, Chicago, IL 60641 | 9-12 | 1.6 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 3801 N Albany Ave
Date
Details
Price
Change
Source
10/30/2025
Sold
$570,000
-0.87%
MLS
8/07/2025
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3801 N Albany Avenue, Chicago, IL 60618 (MLS# 12434227) is a Multi-Family property that was sold at $570,000 on October 30, 2025. Want to learn more about 3801 N Albany Avenue? Do you have questions about finding other Multi-Family real estate for sale in Irving Park? You can browse all Irving Park real estate or contact a Coldwell Banker agent to request more information.

