2838 N Albany Avenue Chicago, IL ^$ 2,050,000

2838 N Albany Avenue

^$ 2,050,000

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2838 N Albany Avenue

Chicago, IL, 60618

^$ 2,050,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 12,944

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2838 N Albany Avenue, Chicago, IL 60618 - Image 12

Multi-Family Home for sale in Chicago, IL

for $2,050,000 with 3 bedrooms. This home was built in 1895 on a lot size of 0.09.

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.

Multi-Family Active

Price

^$ 2,050,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 24,202

Style

Lot Size

0.09

Year Built

1895

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12753317

Features

General

Cooling Window Unit(s)

Construction Materials Brick

Year Built 1895

Electric Service - 101 to 200 Amps

Tenant Pays Electricity Heat

Stories Count 3

Tax Year 2025

Gross Income 188040

County Cook

Net Operating Income 124750

Operating Expense 64077

Insurance Expense 4303

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 4000

Status New

Directions West on Diversey North on Albany

City Chicago

Number Of Units Total 8

MLS Area CHI - Avondale

Tax Annual Amount 24202

Electric Expense 637

Fuel Expense 8136

Trash Expense 2946

Water Sewer Expense 2705

Additional Parcels Y/N N

Standard Status Active

Cap Rate 6.09

Interior

Basement Unfinished

Total Fireplaces 0

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 124 x 39

Lot Size Acres 0.09

* Excluded Features

List By

Horvath & Tremblay Il, Llc

Broker

mweis@htapartments.com

Affordability Calculator

$14,961

Per Month

Monthly Principal & Interest: $12,944
Monthly Property Taxes: $2,017
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$644,010

Percent of Sale Price 69%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/14/2026	$2,050,000		Listed Price

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2838 N Albany Avenue, Chicago, IL, 60618 is a Multi-Family Home for sale at $2,050,000 with a lot size of 0.09. 2838 N Albany Avenue has 3 bedrooms, 0.0 baths, and was built in 1895. The property's zip code is 60618 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 9/15/2026.

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2838 N Albany Avenue

Multi-Family Home for sale in Chicago, IL

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