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    3438 N Hamlin Ave Chicago, IL 60618

    New
    Under Contract
    For Sale
    $1,019,990

    Residential Income - Chicago, IL

    Lot size:
    0.14 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 3438 N Hamlin Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    13233120270000
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Architectural style
    Other

    HomeSmart Realty Group (708) 320-0002 [email protected]

    Listing agent Thomas O'Neill (708) 320-0002 License #475175392

    Listing date Dec 2, 2025

    MLS# 12443754 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

    Avondale Four-Unit Building with Updates

    This Avondale four-unit building is located on a 50 x 125 lot. The brick building features nine bedrooms total. The property has a new roof, newer windows, updated bathrooms, rehabbed kitchens and baths, and updated electric. A new HVAC system was installed in 2022, as part of a $130,000 renovation. Each unit includes a living room, formal dining room, and eat-in kitchen with hardwood floors throughout. Three units are currently leased at below-market rents, and one unit is unoccupied. The property offers an assumable mortgage at a very low rate. The large basement includes individual storage areas for each unit and a larger storage unit currently rented for $395 per month. Enclosed exterior staircases add convenience and security. The basement offers potential for future expansion. The property is located in Chicago, Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7227928
    Latitude
    41.9439874

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    FAQs

    What type of property is this?
    Apartment building - Updated four-unit building in Avondale with assumable low-rate mortgage.
    Where is this apartment building located?
    The property is located at 3438 N Hamlin Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,019,990.
    What are key features of this property?
    This property features: - Assumable FHA mortgage at a very low rate offers a unique financing opportunity.; - Four-unit building with nine bedrooms on a large 50 x 125 lot.; - Recently renovated with a **new roof, newer windows, updated bathrooms, rehabbed kitchens, and updated electric** as part of a $130K renovation.
    (708) 320-0002
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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
    3438 N Hamlin Ave Chicago, IL 60618
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