1216 S. Albany

1216 S. Albany, Chicago, IL 60623

  • For Sale $575,000
  • Property Type Multi-Family
  • Property Size 5,400 SF
  • Units 6
  • Additional Rent Contact for pricing
  • Date Updated Jun 4, 2024
Douglass ParkKiser Group is pleased to exclusively present for purchase 1216 S. Albany, a carefully maintained six (6) unit walk up building located on a tree lined street in the highly desirable North Lawndale neighborhood. The building is located just a few blocks from Interstate 290 and is situated directly across the street from Chicago's beautiful Douglass Park. and is situated directly across the street from Chicago's beautiful Douglass Park. 1216 S. Albany is comprised of six (6) spacious 2BD/1BA units, each of which are equipped with their own individual furnace and hot water heater. Recent improvements to the property include but are not limited to, an abundance of tuckpointing and masonry work, newer windows, hardwood floors, and individual furnaces in each unit. From day one, a new owner of 1216 S. Albany will realize an in place cap rate of 7.75% with ample room to increase rents across the board. Through raising rents and making cosmetic improvements to the units themselves, a new owner has the potential to realize a cap rate of 9.92% and cash returns exceeding 18%. These returns can be even further improved by adding an additional unit with the sizable attic space.

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Highlights

  • All Units Renovated and Remodeled
  • All 2BD/1BA Units
  • Individual Furnaces
  • Individual Water Heaters
  • Newer Electric
  • Updated Copper Plumbing

Contacts

broker

Jack Petrando

Kiser Group

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable

  • Transit Score ®

    67/100 Good Transit

  • Bike Score ®

    69/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood North Lawndale
  • Zip Code 60623
  • Market Chicago

Points of Interest

  • Central Park

    1.01 miles

  • Cicero

    2.27 miles

  • Racine

    2.38 miles

  • UIC-Halsted (Morgan Street)

    2.75 miles

  • 54th/Cermak

    2.90 miles

  • Halsted Street

    2.92 miles

  • UIC-Halsted (Halsted Street)

    2.97 miles

  • Morgan

    3.01 miles

  • Halsted

    3.14 miles

  • Clinton

    3.29 miles

  • GoLo

    0.81 miles

  • BP

    0.88 miles

  • Exxon

    0.96 miles

  • BP

    0.96 miles

  • Shell

    1.09 miles

  • Falcon

    1.19 miles

  • Citgo

    1.27 miles

  • Citgo

    1.41 miles

  • Speedway

    1.46 miles

  • Amstar

    1.46 miles

  • Overflow Parking

    1.14 miles

  • Lot W5

    1.26 miles

  • Lot A4

    1.46 miles

  • Lot A3

    1.48 miles

  • Lot C4

    1.53 miles

  • Lot B2

    1.53 miles

  • Lot B4

    1.56 miles

  • Wood Street Parking Structure (WSPS)

    1.62 miles

  • f

    1.70 miles

  • Lot M

    1.72 miles

  • Hyatt Place Chicago - Medical / University District

    1.65 miles

  • Hyatt House Chicago - Medical / University District

    1.71 miles

  • Marriott at Medical District/UIC

    2.00 miles

  • Hotel Chicago West Loop

    2.02 miles

  • Shamrock Motel

    2.15 miles

  • Karavan Motel

    2.20 miles

  • Hyatt House

    2.76 miles

  • Cindy Lyn Motel

    2.92 miles

  • Chicago Parthenon Hostel

    2.99 miles

  • Alexandra's place

    3.03 miles

  • McDonald's

    0.15 miles

  • Subway

    0.20 miles

  • Taco Bell

    0.36 miles

  • Popeyes

    0.47 miles

  • Ja’Grill

    0.58 miles

  • Soule

    0.65 miles

  • Checkers

    0.88 miles

  • Burger King

    0.89 miles

  • EL Ideas

    0.89 miles

  • KFC

    0.89 miles

  • Collins High School

    0.16 miles

  • Saint Agathas School

    0.27 miles

  • Johnson Elementary School

    0.27 miles

  • Joseph Kellman Corporate Community Elementary School

    0.33 miles

  • Shepard School

    0.33 miles

  • Sears YMCA Day Care Center

    0.34 miles

  • Manley High School

    0.39 miles

  • Saint Francis Cabrini Learning Center

    0.40 miles

  • Henry Ford Academy: Power House High

    0.41 miles

  • Chalmers Elementary School

    0.42 miles

  • New Zion Childcare Academy

    1.47 miles

  • Adams Street Child Care Center

    1.65 miles

  • Taylor Tots

    2.13 miles

  • Peter Cottontail Day Nursery

    2.33 miles

  • North Avenue Day Nursery

    3.28 miles

  • Brighton Park Early Learning Center

    3.46 miles

  • Little Folks Cottage Inc

    3.72 miles

  • ABC Toon Town Day Care

    3.92 miles

  • Sunny Days Kid's Academy

    3.97 miles

  • Morningside Children's Academy

    4.07 miles

Frequently Asked Questions

How much does 1216 S. Albany cost?

The space currently listed for sale at 1216 S. Albany asks for $575,000.

What is the total square footage of 1216 S. Albany?

1216 S. Albany totals 5,400 square feet.

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Contact Listing Broker

broker

Jack Petrando

Kiser Group