3501 N. Albany Avenue

Sales Overview

  • Price: $1,700,000
  • Number of Units: 10
  • Property Type: Multi-Family

Highlights

  • Booming Avondale Neighborhood
  • Attractive Unit Mix Consisting of Mostly 2 Bedroom Units
  • Upside As-Is or Through Renovation
  • Non-Conforming 11th Unit and On-Site Laundry for Additional Income

Description

Interra Realty has been exclusively engaged to market 3501 North Albany Avenue for sale. The subject investment property is a value-add, ten unit multifamily building in Chicago’s Avondale Neighborhood.

The property features a mix of (3) one bedroom / one bathroom units and (7) two bedroom / one bathroom units. A non-conforming garden unit and laundry facility offer additional income.

A new investor has the opportunity to acquire a well maintained multifamily building in a growing Chicago neighborhood, with the ability to increase rents through more aggressive management, or modernize unit interiors for more significant increases.


Location

Contact the Brokers

Joe Smazal

Senior Managing Partner

312-477-0194

Harrison Pinkus

Associate

312-361-3135