3344 N Albany Avenue, Chicago, Illinois 60618
- $850,500
- 6
- BD
- 4
- BA
- Sold Price
- $850,500
- List Price
- $800,000
- Closing Date
- Jun 20, 2025
- MLS#
- 12344295
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 6
- Bathrooms
- 4
- Gross Rental Income
- $37,000
- County
- Cook
- City
- Chicago
- Neighborhood
- Avondale
- Days On Market
- 6
Property Description
A property unlike any other in Avondale... An original bungalow home that has a ton of great ROI potential to update and add finished square footage! This 3+BD/2BA classic is one of the oldest homes in the neighborhood (1928). The sellers are an architect and an artist, and have lovingly maintained it! The hardwood floors throughout the main level are in great shape, and there are some charming built-in features including in the walk-in pantry in the kitchen. The basement is fully-finished with radiant heat floors to make it cozy warm year-round! This lower level features an additional bedroom, an office/den, a huge family room (that includes a wet bar and custom millwork), a full bath, a beautiful and functional new laundry area (with more custom millwork), and tons of storage. The attic is unfinished, and vast, spanning the entire house (less the edges where the ductwork for the SpacePac A/C system is tucked away). The opportunity for expansion into this space is exciting - our clients drew up plans (which they're happy to share), but life shifts have taken them in a different direction, and they haven't had the chance to realize their vision. Do you like the idea of growing your own veggies at home? Our sellers have built an amazing raised-bed garden enclosure next to the patio in the backyard - you'll have to see it to believe it! BUT WAIT, THERE'S MORE... This oversized lot (27' x 125') also has a carriage house in the back which was built in 1850! This fully-separate residence is currently being rented out as a thriving Airbnb (our clients are Superhosts) grossing almost 40K per year in revenue! It's an adorable turnkey 2BD/2BA unit, with a new roof, and a renovated kitchen and main-floor bath. For the right price, the sellers are willing to leave almost all the furnishings in this unit so it could immediately generate income for the new owners if they chose to keep it running as an Airbnb. There are even several bookings in the months ahead, so if the registration w/the City of Chicago is switched over quickly, the property can be acquired with bookings and immediate income! I would buy this property myself if I could - don't miss out on this opportunity!!!
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Additional Information
- School District
- 299
- Elementary School
- Von Linne School
- Middle School
- Schurz High School
- High School
- Schurz High School
- Corporate Limits
- Chicago
- Tax Year
- 2023
- Tax Exemptions
- Homeowner
- Tax Amount
- $13,219
- Year Built
- 1929
- Lot Dimensions
- 27 X 125
- Lot Size Range
- Less Than .25 Acre
- Heating
- Natural Gas
- Sewer
- Public Sewer
- Basement
- Yes
- Total Rental Income
- $37,000
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Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid
Selling Office: Fulton Grace Realty.
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