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ALBANY PARK MULTIFAMILY INVESTMENT OPPORTUNITY

4825-31 N. Springfield Avenue, Chicago, IL 60625

$3,195,000

Property Description

Triton Realty Group, LLC proudly presents 4825-31 N. Springfield Ave., a 28 unit multi-family building located in Chicago's Albany Park neighborhood. This elegant brick courtyard property embodies the perfect blend of old-world elegance and modern comforts. As you enter through the wrought iron gate, you'll be greeted by meticulously cared-for common areas and wellmaintained landscaping. The building's stunning brick exterior showcases intricate detailing and timeless

craftsmanship that has withstood the test of time, exuding character and creating an inviting atmosphere.


Merging classic charm with contemporary comforts, the property features a desirable unit mix of 21 studios, six (6) one-bedroom/one-bath, and one (1) twobedroom/one-bath apartments, each unit offers hardwood floors, an abundance of natural sunlight, ceiling fans, and updated kitchens and bathrooms. The studio units are thoughtfully designed with a separate living/bedroom space apart from the kitchen. The building's mechanical systems, including an updated control system for the boiler and a recently replaced hot water tank, are well-maintained. The plumbing consists of a mixture of copper and galvanized pipes, and all electrical wiring has been upgraded to copper as well. Don't miss this unique opportunity to own a piece of Chicago's rich heritage.

Contact Agent

Matthew Fritzshall

(847) 778-8746

Property Details

Property Type

Multifamily

Year Built

1925

Year Renovated

Current Cap-Rate

5.09%

Pro Forma Cap-Rate

6.60%

Property Highlights

● 28 Unit Courtyard Building

● Prime Location in Albany Park 

● Rental Upside in Existing Condition

● Well Maintained Professionally Managed Building with 100% Occupancy 

GET IN TOUCH

312-788-9379
info@tritonrealtygroup.com
3424 W. Foster Ave.
Chicago, IL 60625

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