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4624 Springfield Ave, CHICAGO, IL

Real Estate

Sold

Listed price in listed location currency (USD).
$785,000
$799,900

732

MLS® 12495167

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $5,082
Lot Size 0.07 acres
Approx. Age 1908
MLS® Number 12495167

Property Address: 4624 Springfield Ave, CHICAGO, IL, 60625-6318

Average square foot calculated using Size range provided by listing agent.

Description

Be captivated by this move-in ready, vacant prime Albany Park 3-flat-a rare investment opportunity! This renovated legal 3-flat is a true gem located on a charming tree-lined street in Albany Park, a vibrant neighborhood celebrated for its cultural diversity, thriving local dining scene, walkable streets, and convenient access to top-rated schools, parks, and public transit. Unit 1 and Unit 2 each offer three bedrooms, with the third bedroom providing flexible space perfect for a home office, nursery, or guest room. Unit 3 is a modern, oversized one-bedroom with versatile flex space that accommodates a spacious living room, dining area, additional storage, and a king-sized bedroom. The property includes 2022 appliances and in-unit washer/dryers in all three units, a 2023 tear-off roof, a 2025 concrete subfloor with vapor barrier in Unit 1, updated electrical and plumbing throughout, closed-cell attic insulation, new copper water service from the street replacing old lead lines, and a brand-new deck on the 3rd floor. Perfect for investors, owner-occupants seeking income, or multi-generational buyers, this rare legal 3-flat offers both modern updates and long-term appeal in a neighborhood where such opportunities are hard to secure-schedule your private tour today! Investor special with strong fundamentals. Total rental income of 7, 150/month including garage (85, 800 annually). Market-standard expenses of approximately $25, 000 produce an NOI of about 60, 800, supporting a 7.6 cap rate at the $799, 000 list price and a GRM of 9.3. Conservative underwriting includes vacancy, management, and reserves for stability, with modest rent growth offering a pro forma cap rate near 8.5. Strong cash flow and attractive value compared to market averages.
MLS® Number12495167
Laundry Level
Central VacNo
FireplaceNo
Acreage0.07
Exterior
GarageYes
Approx. Age1908
BasementNone
DrivewayGarage Door Opener, Yes, Garage Owned, Detached, Garage
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Price History

Oct 22, 2025End Date
$785,000Sold Price

Sold

Oct 14, 2025List Date
$799,900List Price
May 17, 2023End Date
$710,000Sold Price

Sold

May 16, 2023List Date
$729,000List Price
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Commute

Starting Address
Destination Address
4624 Springfield Ave, CHICAGO, IL

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