Properties

Features
: Window Unit(s)
: Unfinished
Address Map
US
IL
Cook
Chicago
60618
Albany
2838
Avenue
W88° 17' 40.7''
N41° 55' 59.6''
West on Diversey, North on Albany
CHI - Avondale
CHI - Avondale
N
N
Additional Information
: Brick
Service - 101 to 200 Amps
Service - 101 to 200 Amps
: Concrete Perimeter
124 x 39
8
8
2050000
3
Horvath & Tremblay IL, LLC
Micah Weis
Financial
24202
Listing Information
John Preston
87527
Horvath & Tremblay IL, LLC
1018166
87527
MRED
Listing Information
896543
87527
Horvath & Tremblay IL, LLC
Contingent
2026-11-05T18:13:09Z
2026-11-05T18:12:03Z
Property Description

Set on a quiet, tree-lined block in the heart of Logan Square, 2838-40 North Albany Avenue is a 1911 vintage brick eight-unit with a rare mix for the neighborhood – four true two-bedrooms and four one-bedrooms across 6,400 square feet. 6 of 8 interiors have been updated over time with quartz counter tops, stainless steel appliances and dishwashers, hardwood floors and refinished baths, while original exposed brick and radiator heat keep the vintage character intact. The location does the heavy lifting: minutes from the CTA Blue Line at Logan Square and Belmont, the Milwaukee and Fullerton retail corridors, and the Kennedy. Current gross rents are over $188k annually – a 10.9 GRM and 6.09% cap rate in place, with additional upside through bringing rents to market and renovating the remaining 2 units. Water heater is newer, boiler was installed in 2015 and roof is ~15 yrs old.

Commercial Sale For Sale

2838 N Albany Avenue, Chicago, Illinois 60618

  • Lot Size: 0.09 Acre
$1,990,000
Listing ID#12753317
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12753317
Price : $1,990,000
Year Built : 1895
Lot Size : 0.09 Acre
Listing Status : Active Under Contract
Contact Agent