2838 N Albany Avenue, Chicago, IL 60618

$1,990,000
  • 2838 N Albany Avenue, Chicago, IL 60618 Main Photo

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Price Change Price Reduced by $60,000 on October 16th, 2026
BEDS0 BATHS MLS#12753317
STATUSPrice Change PROPERTY TYPEMulti Unit - Multiple

Property Description

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.

2838 N Albany Avenue | MLS# 12753317

This multi-family property located at 2838 N Albany Avenue, Chicago, IL 60618 is currently listed for sale with an asking price of $1,990,000. Search Chicago real estate on www.bhhscrosby.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.09 Acres
Stories: 3.0
Taxes: $24,202
Year Built: 1895

Feature Descriptions

Electric: Service - 101 to 200 Amps
Exterior: Brick
Fire Protection: Fire Extinguisher/s
Foundation: Concrete Perimeter
HVAC: Hot Water, Radiators
Lot Dimensions: 124 x 39
Parcel#: 13251300210000
Tenant Pays: Electricity, Heat
Units: 8

Listed By / Shown By

Listed By

Agency Name: Horvath & Tremblay IL, LLC
Agency Phone: 312-361-1643

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Estimated Payment

$ 7,026.13 per month $4,428.88 Principal & Interest $2,016.83 Property Tax $580.42 Homeowner's Insurance

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