Photo 1 of 62
$975,800
Sold on 7/29/26
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 8 |
|
0 |
$11,288.47 |
1911 |
|
On the market:
50 days
|
View full details, photos, school info, and price history
Opportunities like this don't come around often in Avondale. Sitting on a rare double lot measuring 48' x 153', this fully occupied three-flat offers the kind of stability and upside that investors are always searching for. All three units are leased through May 2027 and currently generate $6,710 per month in rental income, making this a true turnkey investment from day one. The property also features an assumable FHA mortgage at an incredibly low 2.25% interest rate for qualified buyers-a significant advantage in today's financing environment. Beyond the strong income, the property includes a detached 2-car garage, generous outdoor space, and RS-3 zoning on an oversized lot that provides long-term flexibility and future potential. Whether you're looking to add a dependable asset to your portfolio, house hack down the road, or simply own a piece of one of Chicago's most dynamic neighborhoods, this is the type of building that rarely becomes available. The location is just as compelling. Nestled on a quiet residential block in the heart of Avondale, you're minutes from some of the neighborhood's favorite spots, including morning coffee and pastries at Loaf Lounge, dinner at Anelya, drinks at Mothers Ruin, and local favorites like Parachute HiFi and Honey Butter Fried Chicken. Spend weekends exploring nearby breweries, catching a show, bowling at Avondale Bowl, or enjoying the growing network of riverfront trails and green space throughout the neighborhood. With easy access to the CTA Blue Line, Metra, and I-90/94, getting downtown or anywhere in the city is a breeze. Strong rental income, long-term leases, a rare double lot, assumable low-interest financing, and an unbeatable Avondale location-this is the kind of investment property buyers wait years to find.
Listing courtesy of Edward Grochowiak, @properties Christie's International Real Estate