Exceptional 3-Unit Investment Opportunity in the Heart of Avondale (Off Market)

For Sale, USD 1,099,999


2823 N Albany Avenue, Chicago, il, 60618,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : N/A

Land Size : N/A

Bedroom : 8

Bathroom : 3

Half Bathroom : 0

MLS#: 12501355


Property Description

Exceptional 3-Unit investment opportunity in the heart of Avondale. This classic brick two-flat with a stunning, fully transformed coach house offers the perfect blend of character, cash flow, and flexibility. The front building features one spacious 3-bedroom, 1-bath unit and one 2-bedroom 1-bath unit, each currently rented through summer 2026, providing strong, stable income from day one. Each unit finished with hardwood floors, large sun-filled living and kitchen areas, excellent windows, and charming vintage built-ins. Both units have separate utilities, basement laundry, and additional storage.Total monthly rental for main building $4320, with a potential $3500/ month for the coach house (currently owner occupied). The coach house has been completely reimagined into a beautiful single-family-style home, featuring a modern open-concept living/dining/kitchen area with a Blue Star 4-burner + griddle range, shaker cabinetry, and oversized quartz island. Upstairs, enjoy a private primary suite with walk-in closet, marble-topped vanity, and side-by-side laundry. Rebuilt deck and balcony complete the space and thoughtful design. (Room to expand on first level) ideal for an owner-occupant or premium rental. This rare setup creates a compelling live-in owner or investor opportunity, allowing you to enjoy a high-end residence while offsetting your mortgage with rental income. A beautiful shared courtyard connects both buildings, offering a serene outdoor escape. Located just minutes from the Logan Square Blue Line, 90/94 access, local farmers market, and beloved neighborhood restaurants like Superkhana and Noodlebird-this is Avondale living at its best.
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Exceptional 3-Unit Investment Opportunity in the Heart of Avondale, United States,Illinois,Chicago is a Chicago luxury Multi-Family Home listed for sale USD 1,099,999. This high end Chicago Multi-Family Home is comprised of 8 bedrooms and 3 baths. Find more luxury properties in Chicago or search for luxury properties for sale in Chicago.