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Off market
  • $1,092,600

    2650 W Albion Ave, Chicago, IL 60645

    7beds
    7,049sqft
    MultiFamily
    Built in 1926
    -- sqft lot
    $1,092,600 Zestimate®
    $155/sqft
    $2,044 Estimated rent

    Home value

    $1,092,600

    $929,000 - $1.26M

    $2,044/mo

    Zestimate® history
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    Owner options

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    $2,044/mo

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    $6,431/mo

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    $6,431/mo

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    What's special

    This is a once in a lifetime opportunity to own a piece of history. In 1926, the Rance brothers builders built this large, elaborate, three-flat at the corner of Albion and Washtenaw at a cost of $25,000. They intended this to be a showcase home for their potential clients. Shared by brothers Arthur H. Rance and Hubert F. Rance and their families, the three-story house boasted all of the modern conveniences, as well as a ballroom, large back yard, stables, and garages. This 3 unit showcase has not changed hands in 40 plus years. An oasis in the city this corner lot boasts over a 1/4 acre of mature trees and landscaping providing complete privacy. A stately foyer greets you complete with a magnificent fireplace and mantle. To the left is a large 1 bedroom apartment with an updated bath and lovely sunroom overlooking the garden. To the right is the "ballroom" the current owner has housed her office there in the past and now it is an Air BNB providing extra income. The ballroom is a wonderful "flex" space which could also be used as a dance studio, yoga studio... let your imagination run wild. Rumor has it Al Capone spent time in there when the ballroom was a speakeasy during Prohibition. Upstairs you will find two, 3000 plus square foot apartments which are 3 bedrooms 2.5 bath residences with grand foyers, long gallery hallways waiting for artwork, huge formal living rooms and dining rooms, breakfast rooms, and large pantries. Unit 2 offers extra living space with a solarium and private terrace which spans the entire length of the 5 car garage. This lovingly maintained building features most of its original showcase finishes from plaster crown modelings, tile imported from Italy, Chandeliers imported from Germany, original carved brass doorknobs throughout, rounded doors, leaded glass windows throughout and much much more. Conveniently located in the very popular West Ridge neighborhood this property is 20 min to OHare, 30 min. to the Loop, with public transportation nearby as well as Warren Park and lots of restaurants and the Devon shopping district. Many recent capital improvements such as a new tear-off roof in Oct 2019, a new fence in 2018, 2 new 75-gallon hot water heaters, a newer boiler, a new oven, dishwasher, and refrigerator in the 2nd-floor unit.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 8
    • Full bathrooms: 5
    • 1/2 bathrooms: 3
    Heating
    • Gas
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Refrigerator
    Features
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 7,049 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage - Attached
    Features
    • Exterior features: Brick
    Lot
    • Size: 0.29 Acres
    Details
    • Parcel number: 1036410016

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Built-up
    Condition
    • Year built: 1926

    Utilities & green energy

    • Sewer: Sewer-Public

    Community & HOA

    Location
    • Region: Chicago

    Financial & listing details

    • Price per square foot: $155/sqft
    • Tax assessed value: $850,010

    Price history

    DateEventPrice
    8/31/2020Listing removed$1,075,000$153/sqft
    Source: Compass #10806529 Report a problem
    8/31/2020Listed for sale$1,075,000$153/sqft
    Source: Compass #10806529 Report a problem
    8/17/2020Pending sale$1,075,000$153/sqft
    Source: Compass #10806529 Report a problem
    8/10/2020Listed for sale$1,075,000$153/sqft
    Source: Compass #10806529 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $85,001 +8.7%
    2023$16,502 -3.3%$78,212 -5.8%
    2022$17,072 +2.3%$83,000
    2021$16,691 +27.3%$83,000 +41.1%
    2020$13,107 -3.9%$58,838 -13.3%
    2019$13,635 -8.7%$67,864 -10.3%
    2018$14,937 +17.1%$75,618 +27.6%
    2017$12,755 +7.5%$59,250
    2016$11,867 +9.3%$59,250
    2015$10,857 -6%$59,250 -4.9%
    2014$11,554 +2%$62,271
    2013$11,326 +1.4%$62,271
    2012$11,174 -10.9%$62,271 -19.5%
    2011$12,539 -0.4%$77,381
    2010$12,592 +4.4%$77,381
    2009$12,066 +4.6%$77,381 -3.8%
    2008$11,538 +1%$80,433
    2007$11,423 -1.1%$80,433
    2006$11,547 +26.3%$80,433 +43.8%
    2005$9,139 +1%$55,929
    2004$9,047 +2.2%$55,929
    2003$8,850 +21.7%$55,929 +38.2%
    2002$7,273 +9.2%$40,481
    2001$6,660 +10.8%$40,481
    2000$6,010 $40,481 +21.6%
    1999$6,010 $33,286
    Find assessor info on the county website

    Neighborhood: West Ridge

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,092,600
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,092,600