$825,000

4418 N Albany Avenue, Chicago, IL 60625

8 beds |
5 baths

Multi-Family Home
Built in 1916
—— sqft lot
2 car garage
$——/sqft
Listed 1 month ago

Property Description

Family owned 30+ years, Legal 3-Unit Opportunity in Albany Park reflecting current family owned rental amounts and outstanding long-term upside. In ADU district , where Chicago's permanent Additional Dwelling Unit ordinance (effective April 2026). Buyers may have a path to explore building additional coach house in rear for additional living space as a conforming ADU, adding a possible additional income stream. First and Second floor with spacious units featuring desirable 3-bedroom layouts, creating strong tenant demand and premium rental potential. Full 2 bedroom 2 bath legal unit in lower level. Red Hot Albany Park that Investors will appreciate. Owner-occupants will also love the opportunity to live in one unit while generating income from the others. May also be an excellent condo conversion project. Tenants pay their own utilities, helping keep expenses low and returns strong. The property also includes a 2-car garage plus additional space on side of garage, adding convenience and value for residents. Ideally located near the Brown Line, shopping, dining, and all that Albany Park has to offer. This property combines convenience, quality, and strong upside rental demand. Whether you're expanding your portfolio or looking for a live-in investment, this is a rare opportunity to own a legal 3 with possible added ADU potential in a highly desirable neighborhood.

Listing Status:: Active
Data Last Updated:: October 11, 2026 at 5:20AM
Listing Office:: Fathom Realty IL : 773-562-9117
Listing Agent:: James Michaels : 773-562-9117
MLS ID:: 12750088

Basement: FinishedFull
Heating: Natural GasForced Air

Parking: YesGarage OwnedDetachedGarageParking spaces: 2

Roofing: AsphaltRubber
General: Concrete Perimeter

Originating MLS: mred
School District: 299
County: Cook

Zoning: 13131260260000

Water: Lake Michigan
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of James Michaels , Fathom Realty IL

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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