Homes for sale - 4624 N Springfield Avenue, Chicago, IL 60625

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Serene Realty, Inc

info@serenerealtyinc.com +1(312) 650-7940

$ 899,900

Est. payment | -/mo

7 Beds

3,049 Sqft Lot

Save Virtual Tour

$ 899,900

Est. payment | -/mo

Save Virtual Tour

7 Beds

3,049 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12429291

Bedrooms 7

Year Built 1908

Annual Tax Amount $5,082

Tax Year 2023

Lot Size 3,049 Sqft

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

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!

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Asphalt

Building

Sewer Public Sewer

Water Lake Michigan

Structure Type Vinyl Siding

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.youtube.com/watch?v=4Y35f7Lh1J8

Listed by Maria DelBoccio • @properties Christie's International Real Estate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States

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4624 N Springfield Avenue Chicago, IL 60625