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6322 N Albany Avenue

Chicago, IL 60659
  • $3,270,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 12298513
UPDATED: 43 min ago
$3,270,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

Description

The offering consists of a 24-unit courtyard style building. The unit mix contains 7 one-bedroom, 16 two-bedroom, and 1 three-bedroom apartment. 11 of the 24 units have been fully renovated. The renovated units are achieving approximately $200 more per month in rental income than the non-renovated units. This is an opportunity for a new investor to continue with unit renovations and stabilize the operations of the property through building and unit improvements and increasing rents to market levels

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2025-03-21T13:11:01.523 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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6322 N Albany Avenue Chicago, IL 60659

  • Price: $3,270,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 43 min ago
  • MLS #: 12298513
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1930
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
The offering consists of a 24-unit courtyard style building. The unit mix contains 7 one-bedroom, 16 two-bedroom, and 1 three-bedroom apartment. 11 of the 24 units have been fully renovated. The renovated units are achieving approximately $200 more per month in rental income than the non-renovated units. This is an opportunity for a new investor to continue with unit renovations and stabilize the operations of the property through building and unit improvements and increasing rents to market levels
Exterior Features

Exterior Building Type Brick Foundation Details Brick/Mortar Frontage Type Public Road Roof Structure Flat

Interior Features

Heat Ventilation Central Heat/Indiv Controls Number Of Ranges 24

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 19000 Built Before1978 YN Yes Electric Over 600 Amps Gross Income 373740 Gross Scheduled Income 379020 Insurance Expense 15600 Maintenance Expense 6000 Mls Actual Status Active Net Operating Income 252143 Operating Expense 109597 Ownership Types General Partnership Tax Annual Amount 39658 Tax Year 2023 Tenant Pays Electricity Total Monthly Income 31145 Township Rogers Park Type Multi Family 5+ Zoning MULTI

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Real Realty Inc: 773-869-0500.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2025-03-21T13:11:01.523 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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