Chicago, IL 60625
$825,000
Mark Quesada
Broker / Owner
LIC #475144827
Family owned 30+ years, Legal 3-Unit Opportunity in Albany Park offering income and outstanding long-term upside. In ADU upside district , where Chicago's permanent Additional Dwelling Unit ordinance (effective April 2026) now permits ADUs by-right. Buyers may have a path to explore building additional coach house in rear for additional living space as a conforming ADU, adding a possible additional income stream. First and Second floor with spacious units featuring desirable 3-bedroom layouts, creating strong tenant demand and premium rental potential. Full 2 bedroom 3 bath legal unit in lower level. Red Hot Albany Park that Investors will appreciate. Owner-occupants will also love the opportunity to live in one unit while generating income from the others. May also be an excellent condo conversion project. Tenants pay their own utilities, helping keep expenses low and returns strong. The property includes a 2-car garage plus additional parking on side of garage, adding convenience and value for residents. Ideally located near the Brown Line, shopping, dining, and all that Albany Park has to offer. This property combines convenience, quality, and strong upside rental demand. Whether you're expanding your portfolio or looking for a live-in investment, this is a rare opportunity to own a legal 3 with possible added ADU potential in a highly desirable neighborhood.
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$6,089/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Listed by James Michaels, Fathom Realty IL
MLS# MRD12750088 · Active
History reflects records reported to the MLS and may be incomplete.