View All Albany Park Chicago IL 3-Flats Listings

$874,900
6 Beds 4 Baths 12739803 MLS NEW Status
Rare opportunity to own a beautifully maintained brick two-flat in highly desirable East Irving Park, just steps from Horner Park. With one apartment currently vacant, this property presents an exceptional opportunity for an owner-occupant, house hacker, or investor looking for a substantially updated building with many of the major capital improvements already completed. Extensive improvements completed in 2022-2023 include a new roof layer, individual Navien tankless water heaters, new furnaces and A/C condensers, new electrical panels, stainless steel appliances in both apartments, and individual in-unit washers and dryers-providing a future owner with the residual value of significant recent investment and the potential for years of lower-maintenance ownership. Both spacious, west-facing apartments feature 3 bedrooms and 1 bathroom including formal dining rooms, along with updated kitchens showcasing both white and espresso cabinetry, quartz countertops and stainless-steel appliances. Additional improvements include updated bathrooms and lighting fixtures. Each residence also offers an additional east-facing rear den-an ideal home office, reading room or flex space that enjoys abundant morning sunlight. The lower level provides even more versatility with an existing in-law suite complete with its own bathroom, creating valuable additional space for extended family, guests, a home office, recreation or other permitted uses. Unit 1 also offers the possibility of of creating a duplex-down to add additional living space. Another feature that truly distinguishes this property is its extra-wide 32-foot lot, offering additional parking, greater outdoor space and flexibility than a typical Chicago two-flat. The wider lot may also provide intriguing possibilities for future expansion or potential conversion/legalization of lower-level space as an ADU, subject to City of Chicago zoning, building-code requirements, permits and approvals. And then there's the location. Approximately a 4-minute walk from the front door is Horner Park, one of the North Side's premier recreational destinations, encompassing more than 55 acres along the Chicago River. Enjoy paved walking and running paths, tennis and pickleball courts, softball fields, soccer and football fields, a fenced dog park, playgrounds and a fieldhouse offering additional recreational activities. The building is also strategically located just 15 mins walk from the Francisco Brown line stop making it an ideal choice for downtown commuters, and also within close proximity to the heart of Lincoln Square. Whether you're searching for a home with rental income, a multi-generational living arrangement, or a long-term investment in one of Chicago's established North Side neighborhoods, this East Irving Park two-flat combines space, location, extensive recent improvements and future potential in one compelling package.

4111 N Francisco Avenue, Chicago

$965,000
5 Beds 5 Baths 12663553 MLS CLOSED Status
Don't miss this exceptional opportunity to own a beautifully renovated two-flat in the heart of HOT Albany Park. This turnkey property offers the perfect blend of owner-occupant living and investment potential, featuring an expansive duplex owner's unit with 3 bedrooms and 3 full bathrooms, plus a spacious second unit with 2 bedrooms + a den, and 2 full bathrooms. The impressive owner's unit lives like a single-family home, showcasing sun-filled living spaces, thoughtfully updated finishes, and a flexible floor plan designed for modern living. The open-concept layout provides seamless flow for everyday living and entertaining, while generously sized bedrooms and three full baths offer comfort and convenience. The lower level expands the living space with additional room for a family room, home office, and 1 full bedroom + bath for guest accommodations. The beautifully updated second unit offers a fantastic income-producing opportunity with an updated kitchen, two spacious bedrooms + a versatile den space, and two full bathrooms. The outdoor living is equally impressive, featuring a spacious rear deck that provides the perfect setting for summer entertaining, grilling, and outdoor dining. The nicely landscaped, oversized backyard offers an exceptional amount of green space rarely found in the city, with plenty of room for gardening and outdoor fun. Ideally situated on a tree-lined street in one of Chicago's most sought-after neighborhoods, you'll enjoy easy access to parks, restaurants, coffee shops, public transportation, and all that vibrant Albany Park has to offer; also located within desirable Bateman school district. Whether you're looking to offset your mortgage with rental income or expand your investment portfolio, this move-in-ready two-flat is a rare find!

4421 N Troy Street, Chicago

$727,500
7 Beds 3 Baths 12596880 MLS CLOSED Status
Incredible brick two-flat on an oversized lot in highly sought-after Ravenswood Manor/East Albany Park! This well-maintained property features spacious units with hardwood floors, formal dining rooms, large pantries, and charming enclosed porches. Unit 1 offers 2 bedrooms and 1 bath, while Unit 2 boasts 3 bedrooms and 1 bath-perfect for owner-occupants or investors alike. Both kitchens have been tastefully updated with quartz countertops, stylish backsplashes, freshly painted cabinetry, and stainless steel appliances. Recent improvements include new water supply and drain lines (2023), three updated electrical panels (2023), a new hot water heater (2023), and new bathroom finishes (2023). The finished garden apartment features 2 bedrooms and 1 bath, complete with vinyl plank flooring, quartz countertops, and stainless steel appliances. (Neither the owner nor the Listing Broker guarantee/represent/confirm that the basement is a legal unit.) Step outside to your own private oasis-a generous backyard with a pergola, perfect for relaxing or entertaining. A detached two-car garage plus an additional parking pad provide ample parking - opportunity for parking rental income. Additional features include radiator heat, a common water heater, and convenient coin laundry. Unbeatable location- Two minute walk to the Brown Line, restaurants, shopping, coffee shops, Horner Park, and more! **Offer Deadline: Sunday, March 29th at 5pm**

4704 N Troy Street, Chicago

$665,000
5 Beds 3 Baths 12504149 MLS CLOSED Status
****SHOWINGS & OH CANCELED, OFFER HAS BEEN ACCEPTED****. Fantastic investment opportunity in the heart of Albany Park! 2 Flat with a duplex down owner's unit. Turn key and absolutely ready for move in! This classic brick 2-flat offers two spacious units with modern updates and timeless Chicago charm. Unit 1 is a duplex down 3 bed 2 bath. The main level features a formal living room and sunroom, spacious dining room with an original built in hutch that has been perfectly restored. There are 2 bedrooms plus a den located on the main level, along with a full bath. The kitchen features custom cabinetry, stainless steel appliances that have all been replaced within the past 2 years, granite countertops, and a 2-tier island with butcher block work station. There are interior stairs to the finished lower level, which includes a 3rd bedroom, large family room, walk in closet, recessed lighting throughout, and another full bathroom with a standing shower. A full size laundry for this unit is conveniently located in the lower level adjacent to the living space. The lower level has a dedicated furnace, while the first and second floors have radiator heating. Unit 2 features 3 beds + den, and 1 full bath with hardwood floors throughout. There are formal living and dining rooms including a decorative fireplace, original hutch, and amazing natural light throughout the day. Newly renovated bath includes a standing shower with new tile and glass door, and in unit W/D. New kitchen with white shaker cabinets, granite countertops, and a den overlooking the garden which makes for a perfect home office or second dining area. The front and backyard have been extremely well maintained, and both include mature, perennial meadow gardens, creating a peaceful setting to relax. Conveniently located within close proximity of the River Front, Canoe Launch, Tennis Courts, North Park, Brown Line CTA, and a lively restaurant scene just a few blocks away.

5025 N Troy Street, Chicago

$785,000
7 Beds 3 Baths 12495167 MLS CLOSED Status
Be captivated by this move-in ready, vacant prime Albany Park 3-flat-a rare investment opportunity! This renovated legal 3-flat is a true gem located on a charming tree-lined street in Albany Park, a vibrant neighborhood celebrated for its cultural diversity, thriving local dining scene, walkable streets, and convenient access to top-rated schools, parks, and public transit. Unit 1 and Unit 2 each offer three bedrooms, with the third bedroom providing flexible space perfect for a home office, nursery, or guest room. Unit 3 is a modern, oversized one-bedroom with versatile flex space that accommodates a spacious living room, dining area, additional storage, and a king-sized bedroom. The property includes 2022 appliances and in-unit washer/dryers in all three units, a 2023 tear-off roof, a 2025 concrete subfloor with vapor barrier in Unit 1, updated electrical and plumbing throughout, closed-cell attic insulation, new copper water service from the street replacing old lead lines, and a brand-new deck on the 3rd floor. Perfect for investors, owner-occupants seeking income, or multi-generational buyers, this rare legal 3-flat offers both modern updates and long-term appeal in a neighborhood where such opportunities are hard to secure-schedule your private tour today! Investor special with strong fundamentals. Total rental income of 7,150/month including garage (85,800 annually). Market-standard expenses of approximately $25,000 produce an NOI of about 60,800, supporting a 7.6 cap rate at the $799,000 list price and a GRM of 9.3. Conservative underwriting includes vacancy, management, and reserves for stability, with modest rent growth offering a pro forma cap rate near 8.5. Strong cash flow and attractive value compared to market averages.

4624 N Springfield Avenue, Chicago

$635,000
7 Beds 4 Baths 12287115 MLS CLOSED Status
2 Flat with updated owner's unit! Unit 2 features 3 beds 1 bath with high quality finishes throughout including extra large formal living room and dining rooms, a custom built metal private balcony, hardwood floors, crown molding & recessed lighting throughout, and modern gas fireplace. The kitchen is separated by a custom glass french door. Open layout kitchen with granite countertops, large island, custom made cabinets, tile backsplash, and updated SS appliances. There is also a den directly off of the kitchen which makes a perfect work from home space. Updated bathroom with in unit laundry for added convenience. Unit 2 has central heat & central air with new furnace & AC installed in 2022. Unit 1 features 2 beds + den, and 1.5 baths with in unit laundry. Spacious layout very similar to 2nd floor with large living room w/ fireplace and dining room. Full bathroom with standing shower and in unit W/D, plus an additional half bath. Kitchen includes granite countertops and an island. Den located directly off the kitchen for additional storage or office. Unit 1 has radiator heating with brand new boiler installed in 2025. Basement includes 2 beds 1 bath and living room. Sold As-Is. Recent upgrades include tuckpointing (2020), all new windows in front and back of property (2021), 200 amp electrical panels, Unit 2 Furnace & AC (2022), new concrete sidewalks (2017), and Unit 2 fully cosmetically updated in 2020. Spacious backyard with concrete patio perfect for entertaining. Parking includes a 2 car garage plus 1 exterior gated parking space. Excellent location within close proximity to North Park University, Northeastern University, Northside Prep HS, Von Steuben HS, Brown Line CTA, just 1 block away from 28 acre River Park with running track, turf soccer field, tennis courts, and miles of park walking trails. Just a short distance from great restaurants in Lincoln Square.

5023 N Troy Street, Chicago

$640,000
8 Beds 3 Baths 12178907 MLS CLOSED Status
Presenting this Fantastic Estate Sale in the well established Old Irving Park Neighborhood. This Jumbo, Traditional Chicago-yellow brick two-flat sits on an oversized 37.4 X 125.5 lot with a HUGE Brick Garage for 3 (or 4 cars, if parked in tandem). Lease garage spaces for additional income or turn space into a coach house (ADU). This is your end of Summer Must Have! The cost of doing business is everything when it comes to multi-family ownership. That is why we covered all the essentials; all units have separate heating & cooling. The 1s floor electricity is combined with basement, however, all units have separate gas. Add new meter to separate. If you've been debating whether to buy or not, this is your sign to DO IT! This property is perfect for those looking to live in a thriving community while tenants cover the mortgage. The first and Second floor units offer three very generous sized bedrooms, a separate dining room, an eat-in kitchen with space for a table and a very bright/spacious living room with decorative fireplaces. See floor-plans in photos. Free laundry in the basement, make more lucrative by adding coin operated laundry. Earn immediate income with significant potential for rental growth. Comparable rentals in the area continue to increase, signaling a healthy and sustainable rental market, this property is poised for long-term success. Our long term tenants are on a MTM agreement and have been issued moving notifications, however, the first floor unit is vacant, in case you need to occupy one unit or adjust rents to reflect Current Fair Market Values. All tenants are on MTM leases paying well below fair market rents. The 1st floor is vacant, the 2nd floor yields $1,800 and the basement yields $850 per month. (ARV) Comp is located at 4515 N Christiana, Unit 2 (MLS#:11977967). This 3bed/1bath apartment rented for $2,600 in 7 days. The ARV Comp for GARDEN unit is located at 3349 W Cuyler and rented for $1,795 (MLS#: 11856826). Making the estimated Annual ARV Rental Potential, $83,940. Please note: seller does not warrant the legality of the inlaw garden unit. COMPETITIVE ADVANTAGE: Tenants love our spacious bedrooms, the rear porches and stairs are enclosed and the detached Oversized Garage and spacious yard further enhance the appeal. This is an ideal opportunity for owner-occupants or investors looking to capitalize on a strong rental market with potential for rental growth and a stable tenant base. Pictured: Unit 1 has hardwood floors underneath tile. Unit 2 has a similar floor plan with hardwood floors. AC condensing units to 1st & 2nd floors are on the roof, and for the garden unit you'll find it on the South Side of the Building. The property has been in the family for many years and has been very well maintained but is being sold "as-is." Buy & hold for an immediate and low-maintenance return on your investment, bring your creativity and take advantage of multiple value-add opportunities, or simply move into one unit while your tenants pay down the mortgage on your amazing new home. The options for this one-of-a-kind property are truly endless! Conveniently located near the Blue Line and Metra, expressway, CTA, grocery, parks & dining. Solid building. Offers encouraged. Schedule your visit today and see why this property stands out as a great investment in a vibrant and sought-after neighborhood.

4221 N Saint Louis Avenue, Chicago

$715,000
5 Beds 3 Baths 12043736 MLS CLOSED Status
**Multiple Offers Received** Highest & Best requested by May 9th at noon.** Hard to find 2 flat armchair investment property just 5 mins to Brown line in hot Albany Park! Both bright, beautiful condo quality units were meticulously renovated in 2017. Gut rehabbed modern center island kitchens with 42'' white shaker cabinets, quartz counters, stainless steel appliances & subway tile backsplashes. Adorable gut rehabbed vintage style full hall baths in each unit. Both floors have have all their original architectural details intact: oak floors, doors, crown molding & built-in hutches. All units have separate utils & in-unit w/d, virtually no upkeep besides lawn care/snow removal and routine maintenance. Private back decks overlook fenced yard. All new plumbing, electric, HVAC, windows, tear off roof, siding, skylights, insulation in 2017. Close to Lincoln Square & 90/94. Extra wide 30' lot allows nice front + back yards. 3 car garage built at time of rehab allows one garage for each unit. Perfect investment in truly turn key condition. Massive attic with 7 skylights has duplex up potential for possible future owners unit. The ideal use for this building would be to duplex up and duplex down for two huge owners units or convert to SFH. (Full set of drawings are available for SFH conversion). Amazing restaurants within walking distance and awesome Gompers Park nearby which connects to N. Branch Trail. Owner is IL LIC RE Broker.

4722 N Drake Avenue, Chicago

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Albany Park, Chicago IL · Curated MLS Search

3-Flats in Albany Park, Chicago IL

An editorially curated view of every active 3-flats listing in Albany Park, Chicago IL. Updated in real time from the local MLS, presented without the noise.

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