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    2940 N Allen Ave Chicago, IL 60618

    Sponsored
    For Sale
    Under Contract
    $649,500

    Residential Income - Chicago, IL

    Days on Market:
    63
    Last Refresh:
    Jan 10 at 10:06 am

    Property Features for 2940 N Allen Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    13262150850000
    Parking
    2

    Utilities

    Heating system
    Natural Gas

    Building Details

    Architectural style
    Other

    24 Hour Real Estate LLC (312) 291-8047 [email protected]

    Listing agent Ivan Yusypyuk (312) 291-8047 License #475176483

    Listing date Nov 9, 2025

    MLS# 12501728 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Two-Unit with Basement Apartment

    This beautifully maintained two-unit Chicago-style building includes a non-conforming basement unit. It blends classic character with modern updates, featuring timeless details such as built-in pantries and curio cabinets, along with original hardwood floors. The updated kitchens include newer white shaker cabinets, quartz countertops, white subway tile backsplashes, and stainless steel appliances. The exterior showcases newer siding and doors. Each unit offers 2 bedrooms and 2 baths with enclosed porch spaces and an in-unit washer/dryer. A parking pad is located off the alley. All units are currently rented and income-producing. The property is ideally located near the vibrant restaurants, bars, and shops of Avondale and Logan Square, with easy highway access, making it a turnkey investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7145608
    Latitude
    41.9349771

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    FAQs

    What type of property is this?
    Triplex - Updated two-unit building with non-conforming basement unit near Logan Square.
    Where is this triplex located?
    The property is located at 2940 N Allen Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $649,500.
    What are key features of this property?
    This property features: - Turnkey, income-producing investment property with all units currently rented.; - Prime location near Avondale and Logan Square's restaurants, bars, and shops, with easy highway access.; - Each unit features 2 bedrooms and 2 baths with in-unit washer/dryer and enclosed porch.
    (847) 502-2526
    Request Owner's contact information
    2940 N Allen Ave Chicago, IL 60618
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    Chicago, IL 60618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2940 N Allen Ave Chicago, IL 60618
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