Prime Albany Park 3-Flat - A Rare Investment Opportunity! Be captivated by the beauty of this renovated legal 3-flat, a true gem in Albany Park's competitive market where lesser properties simply don't compare. Set on a charming tree-lined street in this sought-after family-friendly neighborhood, its sleek modern design and finishes justify its premium price. This move-in-ready, low-maintenance building features 2022 appliances and in-unit washer/dryers in all three units, a 2023 tear-off roof, 2023 cameras installed for peace of mind, a 2025 concrete subfloor with vapor barrier in unit 1, updated electrical and plumbing throughout the building, closed cell attic insulation, a new copper pipe water service from the street replacing old lead lines, and a brand new deck on the 3rd floor. Investor special with solid numbers: $6,850/mo in total rental income (including garage), $82,200 annual gross income, a GRM of 10.9, and a Cap Rate of 8.1 based on estimated $10K annual expenses. Strong cash flow and value relative to market averages. Great opportunity for investors or owner-occupants seeking an income-producing property. This 3-flat also appeals to multi-generational buyers, enhancing its value in a market where legal 3-flats are hard to secure. Leave inferior comps behind - this is the investment you've been seeking. Act fast! Book a private tour today and discover why this 3-flat's quality demands its premium price!

Listing Courtesy of MRED as distributed by MLS Grid of @properties Christie's International Real Estate



Based on information submitted to the MLS GRID as of 2025-08-02 01:00 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-08-02 01:00 PM UTC
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