2823 Albany Avenue, Chicago, IL 60618

Welcome to this property located in Chicago, IL. featuring 8 bedrooms, 3 bathrooms. this home is offered at $1,099,999.

Exceptional 3-Unit investment opportunity in the heart of Avondale. This classic brick two-flat with a stunning, fully transformed coach house offers the perfect blend of character, cash flow, and flexibility. The front building features one spacious 3-bedroom, 1-bath unit and one 2-bedroom 1-bath unit, each currently rented through summer 2026, providing strong, stable income from day one. Each unit finished with hardwood floors, large sun-filled living and kitchen areas, excellent windows, and charming vintage built-ins. Both units have separate utilities, basement laundry, and additional storage.Total monthly rental for main building $4320, with a potential $3500/ month for the coach house (currently owner occupied). The coach house has been completely reimagined into a beautiful single-family-style home, featuring a modern open-concept living/dining/kitchen area with a Blue Star 4-burner + griddle range, shaker cabinetry, and oversized quartz island. Upstairs, enjoy a private primary suite with walk-in closet, marble-topped vanity, and side-by-side laundry. Rebuilt deck and balcony complete the space and thoughtful design. (Room to expand on first level) ideal for an owner-occupant or premium rental. This rare setup creates a compelling live-in owner or investor opportunity, allowing you to enjoy a high-end residence while offsetting your mortgage with rental income. A beautiful shared courtyard connects both buildings, offering a serene outdoor escape. Located just minutes from the Logan Square Blue Line, 90/94 access, local farmers market, and beloved neighborhood restaurants like Superkhana and Noodlebird-this is Avondale living at its best.

Climate control includes natural gas, forced air, steam, radiant, radiator(s), sep heating systems – 2+, indv controls heating. A partially finished, exterior entry, full, walk-out access basement provides additional space.

The property sits on a 125X25 lot. The yard is fenced. The home has asphalt, rubber roofing.

Utilities include lake michigan water and public sewer sewer.

Located in Cook County. students will attend Avondale Elementary School Elementary, Avondale Elementary School Middle, Schurz High School High School.

Annual property taxes are $23,585 (as of 2024).