View All Albany Park Chicago IL Homes with ADU Listings

9 Beds ⋅ 3 Baths ⋅ 12713376 MLS ⋅ NEW Status

This brick multi-unit building in Albany Park is a rare house-hacker and investor opportunity, with 3 spacious 3-bedroom units, a fully finished lower level, and recent big-ticket upgrades already done. These large 3 bedroom units, each with a primary bedroom, formal dining, sunlit living room, and a bright sun room. Market rent runs approximately $2,300 to $2,600 per unit. Expansive finished lower level with its own kitchen and full bath, perfect for extended-family living, a private guest suite, or generous owner space. NEW building roof and NEW garage roof, so the major capital expenses are already handled. Detached garage plus an additional parking pad, opening the door to extra parking rental income. On-site coin-operated laundry for another stream of supplemental revenue. ADU upside: Zoned multi-unit residential, where Chicago's permanent Additional Dwelling Unit ordinance (effective April 2026) now permits ADUs by-right. Buyers may have a path to explore legalizing additional living space as a conforming ADU, adding a potential third income stream. Buyer to verify ADU eligibility and approvals with the City of Chicago Steps to the CTA Brown Line, Kedzie and Lawrence dining and shopping, Ronan Park, and the Chicago River trail, with fast access to downtown and the expressways. Albany Park is one of the city's most in-demand rental corridors, and tenants want to be here. Live in one unit, rent the others, and let parking and laundry pad your bottom line. Whether you are building generational wealth, buying your first investment, or growing a portfolio, this is the kind of Albany Park building that does not last. Schedule your private showing today.

4918 N Monticello Avenue, Chicago

$825,000

6 Beds ⋅ 3 Baths ⋅ 12698446 MLS ⋅ CONTINGENT Status

Now Available - Fully Vacant 2-Unit in Albany Park, Steps from Ravenswood Manor. Located in the 33rd Ward ADU area, this legal 2-unit building offers rare flexibility for both investors and owner-occupants, with future potential for a basement/garden unit (buyer to verify zoning and compliance). Both units are being delivered vacant, giving a new owner a true blank slate to set market rents, owner-occupy one or both units, or reposition for maximum return. The first-floor duplex-down has undergone extensive recent improvements, including foundation and drainage work, a fully redone basement with new drywall and flooring throughout, a new exterior front door, three new water tanks, and a new refrigerator and dishwasher. Fresh interior paint and beautifully refinished hardwood floors complete the unit. The second-floor unit adds further upside, featuring a newer stove and ready for updating or immediate lease-up at today's market rents. Situated on an oversized lot just steps from the tree-lined streets and river charm of Ravenswood Manor, this property combines major completed capital improvements with significant value-add potential - ready for whatever the new owners have in store.

4519 N Troy Street, Chicago

$600,000

5 Beds ⋅ 2 Baths ⋅ 12602920 MLS ⋅ CLOSED Status

Great opportunity to house hack and invest in Albany Park! This beautiful legal two-unit building is in the ADU Map and includes a full attic. Both units feature large two-bedroom, one-bathroom layouts. The property has undergone numerous updates, including new floors, walls, in-unit laundry, a new roof and gutters, stainless steel appliances, and mini-splits in Unit 1. A full list of updates is included in the attachments.Each unit offers outdoor space overlooking a grassy backyard, which leads to a two-car garage with additional storage. The building is located just blocks away from the restaurants and bars on Lawrence Avenue and 13-minute walk to the Kimball Brown Line.

4612 N Avers Avenue, Chicago

$799,000

12557997 MLS ⋅ CONTINGENT Status

Mixed-use investment opportunity in Albany Park. Masonry brick 9-unit building consisting of eight residential apartment units and one street-level retail unit. The property is zoned B3-1 and is located within the Northwest ADU Pilot Zone. Building features include electric space heaters, building-owned common-area laundry, a 200-amp electrical service with panels located in the basement, owner-paid electric and water, tenant-paid gas, and a 2-car garage. Recent capital improvements include roof, masonry, and window renovations completed in 2023. Built in 1919 and situated on Montrose Avenue. Sold as-is.

3742 W Montrose Avenue, Chicago

$625,000

3 Beds ⋅ 3 Baths ⋅ 12502558 MLS ⋅ CLOSED Status

Beautifully updated between 2022-2025, this home blends vintage bungalow charm with modern upgrades. The first floor offers hardwood floors, stained glass, built-ins, and three bedrooms including a renovated primary suite. A fully remodeled kitchen with granite countertops, an 8 foot butcher block island, and new appliances (2024) including an induction range/air-fryer oven. Upstairs features a versatile finished space ideal for a gym, office, or extra bedroom. The lower level includes two bedrooms, laundry area with new washer and dryer (2022), a full bath, and a spacious rec room. Basement has the potential to be converted back into an ADU with buyer's due diligence. Other major updates include a new furnace and A/C (2023), electric fireplace, heat-pump water heater (2024), and energy-efficient solar-assisted heat pump with mini-split units with backup natural-gas radiant heat. Fresh paint throughout. Enjoy the private backyard oasis with brick patio, garden pergola, and vegetable garden. Prime location near Eugene Field Park, the Chicago River, public transportation and the Argyle greenway bike path. Walking distance to multiple grocery stores and local dining options. Acquisition of Spooky Halloween fence is negotiable.

5026 N Hamlin Avenue, Chicago

$629,000

4 Beds ⋅ 3 Baths ⋅ 12397089 MLS ⋅ CLOSED Status

Beautifully maintained all-brick 2-flat with a fully finished basement featuring an in-law arrangement. The enclosed and heated porch offers flexible use as a potential third bedroom. Recent updates include a brand new forced-air A/C system and a new roof. Separate electric meters for each unit. Buyers and their agents are encouraged to perform their own due diligence regarding the legality of the basement unit. Building is located in the pilot ADU (ADDITIONAL DWELLING UNIT) ELIGIBLE ZONE. Prime location close to public transportation and expressway access.

3247 W Berteau Avenue, 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

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Albany Park, Chicago IL · Curated MLS Search

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