Welcome to this stunning, fully renovated legal 3-flat on a quiet, tree-lined street in the heart of Albany Park, one of Chicago's most vibrant and diverse neighborhoods. Perfect for multigenerational living, house hacking or a savvy investment, this turnkey property features two spacious 3-bedroom/1-bath units and a charming 1-bedroom/1-bath top-floor unit, each with its own private outdoor space, plus a two-car garage with two lockable storage units. Unit 3 includes a beautiful new fire-resistant deck, ideal for enjoying morning coffee or sunset views over the treetops. The entire building underwent a comprehensive remodel in 2022, boasting brand-new kitchens, bathrooms, in-unit laundry, flooring, lighting, and fresh paint throughout. In 2025, the property was further enhanced, including a new copper water line from the street, closed-cell attic insulation, new ductwork, a new common electric meter, a concrete subfloor with vapor barrier in Unit 1, and fresh landscaping. In 2023, a complete tear-off roof replacement provided long-term protection and peace of mind. Sun-filled living spaces are complemented by quality finishes and thoughtful modern design. Located just steps from top-rated schools, North Park University, the CTA Blue and Brown Lines, and a global array of shops, cafes, and restaurants, this property offers the perfect blend of comfort, community, and income potential. Investor special with solid numbers: $6,850/mo in total rental income (incl. garage), $82,200 annual gross income. GRM of 10.9 and Cap Rate of 8.1 based on estimated $10K annual expenses. Strong cash flow and value relative to market averages. Great opportunity for investors or owner-occupants seeking income-producing property.
4624 N Springfield Avenue, Chicago, IL 60625, is a 7 bedroom Multi Family built in 1908.
This property is currently available for sale and was listed on Mainstreet REALTORS® on 7-24-2025.
The MLS# for this Multi Family is MLS# MRD12429291.
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