About This Home

This 8-bedroom, 5-bathroom residential multi family at 4418 N Albany Avenue in Chicago, IL is listed for $825,000. Built in 1916, on a N/A lot.

Key Features

  • Built in 1916
  • 2 parking spaces

Property Details

5 full
2-car garage
1916
Listing Description

Family owned 30+ years, Great upside Opportunity in Albany Park in ADU district , where Chicago's permanent Additional Dwelling Unit ordinance (effective April 2026) is in place. Buyers may have a path to explore building additional units in building and coach house in rear for additional living space and income stream.

First and Second floor with spacious units featuring desirable 3-bedroom layouts, creating strong tenant demand and premium rental potential. Finished lower level with 3 bedroom 3 bathrooms . 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 or duplex down.

This property also includes a 2-car garage plus additional space 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 nice brick building with possible added ADU potential in a highly desirable neighborhood.

Monthly Cost Estimate

$4,412/mo

20% down · 6.5% · 30 years

Principal$597
Interest$3,575
Insurance$241

Estimates only. Actual payments may vary.

Location

4418 N Albany Avenue

Chicago, IL 60625

Property Details

Construction

Brick

Parking

Garage

Heating

Natural GasForced Air

Questions & Answers

This 8-bedroom, 5-bathroom residential multi family at 4418 N Albany Avenue is listed at $825,000. The estimated monthly payment is $4,413 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1916, 2 parking spaces.

This property is listed by James Michaels.

JM

James Michaels

Agent at Fathom Realty IL LLC

Listed by Fathom Realty IL LLC · Broker phone: (773) 634-1470 · View on Broker Site · Broker website

MLS# 12750088· Source: Midwest Real Estate Data, LLC· 59 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4418 N Albany Avenue, Chicago, IL 60625

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