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2936 N Allen AVE Chicago, IL 60618
6 Beds
3 Baths
3,049 Sqft Lot
Open House
Sat Nov 14, 12:00am - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12802153
Bedrooms 6
Maintenance Fees $3,000
Year Built 1899
Annual Tax Amount $7,329
Tax Year 2025
Lot Size 3,049 Sqft
Lot Dimensions 3075
Property Sub-Type Two to Four Units
Property Description
2936 N Allen Ave is a legal 2-unit in Avondale, just north of Logan Square, plus a non-conforming attic unit. The garden unit is a 3 bed / 1 bath with about 1,000 SF, the second floor is a 2 bed / 1 bath with about 1,000 SF, and the 1 bed attic unit up top has sloped ceilings and tons of character. The garden and second-floor units have in-unit laundry. Every unit has an updated kitchen with white cabinets and stainless steel appliances, hardwood floors, central air and ceiling fans. The big-ticket items are done: the front porch was rebuilt in 2026 and the rear porch in 2018, the electric is separately metered with exterior meters updated in 2016, and the building has copper plumbing, vinyl windows, gas forced air heat and an asphalt shingle roof. Out back there's a private yard and a 1.5-car garage off the alley. All three units are leased through mid-to-late 2027 at $4,800/month combined, for a 5.66% cap rate. Rents are below nearby comps. Bringing them to market at about $5,500/month raises the cap rate to 6.85% with no capital investment. Owner-occupants can plan their move-in as leases end, and investors get income from day one. You're a short walk from the shops and restaurants along Milwaukee and Belmont, including Kuma's Corner and Revolution Brewing's Kedzie taproom. The Belmont Blue Line is about half a mile away, with a direct ride to the Loop and O'Hare. The #77 Belmont and #56 Milwaukee buses, the Kennedy and Logan Square's parks are all close by.
Location
State IL
County Cook
Area Chi - Avondale
Rooms
Basement None
Interior
Heating Gas
Fireplace N
Exterior
Garage Spaces 1.5
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Frame, Yes
Sewer Public Sewer
Water Lake Michigan
Structure Type Frame
New Construction false
Schools
Elementary Schools Reilly Elementary School
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Mitir Patel of Essex 312, LLC