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2838 N Albany Ave 8 Unit Apartment Building $2,050,000 ($256,250/Unit) 6.09% Cap Rate Chicago, IL 60618
Investment Highlights
- Access & Connectivity
- Desirable Brick Construction
- Quality of Life Amenities
- Area Amenities & Demand Drivers
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 2838 N Albany Avenue in Chicago, IL (the “Property”). The multi-story brick building contains four (4) 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units with 6,400 square feet of gross area. The Property is situated upon a 0.12-acre parcel and has on-street parking.
2838 N Albany Avenue is well-positioned in Chicago's vibrant Logan Square neighborhood, offering strong access to the area's thriving retail corridors, established residential communities, and nearby employment centers. The property benefits from excellent connectivity via Milwaukee Avenue, Diversey Avenue, and Fullerton Avenue, with convenient access to Interstate 90/94 (Kennedy Expressway), providing efficient regional connectivity throughout the City of Chicago, O'Hare International Airport, and the greater Chicagoland area.
2838 N Albany Avenue is well-positioned in Chicago's vibrant Logan Square neighborhood, offering strong access to the area's thriving retail corridors, established residential communities, and nearby employment centers. The property benefits from excellent connectivity via Milwaukee Avenue, Diversey Avenue, and Fullerton Avenue, with convenient access to Interstate 90/94 (Kennedy Expressway), providing efficient regional connectivity throughout the City of Chicago, O'Hare International Airport, and the greater Chicagoland area.
Property Facts
| Price | $2,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $256,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.09% | Building Size | 6,400 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1911 |
| Zoning | R-3, Chicago | ||
| Price | $2,050,000 |
| Price Per Unit | $256,250 |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1911 |
| Zoning | R-3, Chicago |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 13-25-130-021-0000 | Improvements Assessment | $84,908 |
| Land Assessment | $31,248 | Total Assessment | $116,156 |
Property Taxes
Parcel Number
13-25-130-021-0000
Land Assessment
$31,248
Improvements Assessment
$84,908
Total Assessment
$116,156
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