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Yuliya Benko

yuliyab.realtor@gmail.com +1(773) 503-0277

Listed by Cecil Sabuof ALLURE Real Estate

$ 500,000

Est. payment -/mo

Save

Active

2948 N Narragansett Avenue Chicago, IL 60634

4 Beds

3,920 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12520410

Bedrooms 4

Year Built 1922

Annual Tax Amount $5,769

Tax Year 2024

Lot Size 3,920 Sqft

Lot Dimensions 3781

Property Sub-Type Two to Four Units

Property Description

Presenting an exceptional opportunity in Chicago's Montclare neighborhood, this fully updated two-unit residential building blends investment stability with modern, luxury living. Originally constructed in 1920, the property has undergone comprehensive renovations including newer kitchens, baths, flooring, paint, and fixtures, resulting in a low effective age of just 20 years and a well-maintained condition across its 2,837 square feet of gross building area. The first-floor main duplex unit features high-end finishes throughout, including exotic rare granite kitchen countertops, marble flooring in the kitchen, dining area, and bathroom, and marble bathroom tile with heated floors. The kitchen is fully equipped with a separate cooktop, oven, warmer, dishwasher, and garbage compactor, offering true chef-quality functionality. The lower-level space is equally upgraded with marble countertops, marble bathroom floors and walls, a luxury shower system with six body sprays, heated floors, and an overhead heat lamp for spa-level comfort. The building is optimally configured to maximize income, featuring a 6-room, 3-bedroom duplex unit and a separate 4-room, 1-bedroom garden unit, generating an estimated total Gross Monthly Market Rent of $3,100, including water and sewer. Tenant comfort is enhanced by central air conditioning, hot water baseboard heat, and a tankless water heater, along with a detached two-car garage and outdoor deck space. The neighborhood offers strong community amenities with access to multiple public and private schools, nearby parks with recreational facilities, library services, medical offices, and religious institutions. Transportation access is excellent with nearby CTA bus routes and convenient proximity to the Metra station. Additionally, this property offers a unique development upside, with the adjacent commercial site available separately, creating a combined contiguous land area of approximately 15,025 square feet with 120 feet of street frontage, ideal for future assemblage opportunities.

Location

State IL

County Cook

Community Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Electric, Baseboard

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Shake

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick,Frame

New Construction false

Schools

Elementary Schools Beard Elementary School

Middle Schools Josephine Locke Elementary Schoo

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

SCHOOLSPROPERTIES

Elementary Schools 20

10

Willard Elementary School

Public | PK - 4
9

Canty Elementary School

Public | PK - 8
9

Roosevelt School

Public | 5 - 8
9

Oriole Park Elementary School

Public | PK - 8
8

J Leigh Elementary School

Public | PK - 8
8

J Giles Elementary School

Public | PK - 8
8

Bridge Elementary School

Public | PK - 8
8

Horace Mann Elementary School

Public | KG - 5
8

William Hatch Elementary School

Public | PK - 5
8

Beaubien Elementary School

Public | PK - 8
7

Dever Elementary School

Public | PK - 8
7

Union Ridge Elementary School

Public | PK - 8
7

Oliver W Holmes Elementary School

Public | PK - 5
7

Garvy Elementary School

Public | PK - 8
7

Smyser Elementary School

Public | KG - 8
7

Thorp O a Elementary Scholastic Academy

Public | KG - 8
7

Chicago Academy Elementary School

Public | PK - 8
6

Elmwood Elementary School

Public | 1 - 6
6

William Beye Elementary School

Public | KG - 5
6

Whittier Elementary School

Public | PK - 5

Middle Schools 2

6

Elm Middle School

Public | 7 - 8
2

Northwest Middle School

Public | 6 - 8

High Schools 17

10

Oak Park & River Forest High School

Public | 9 - 12
9

Ridgewood Community High School

Public | 9 - 12
8

Elmwood Park High School

Public | 9 - 12
6

Prosser Career Academy High School

Public | 9 - 12
5

Chicago Academy High School

Public | 9 - 12
4

Douglass Academy High School

Public | 9 - 12
1

Steinmetz College Prep High School

Public | 9 - 12
1

Foreman High School

Public | 9 - 12
0

Guerin Preparatory High School

Private | 9 - 12
0

Trinity High School

Private | 9 - 12
0

Alop Academic Learning Program

Public | 9 - 12
0

St Patrick High School

Private | 9 - 12
0

Luther North College Preparatory

Private | 9 - 12
0

Vaughn Occupational High School

Public | 9 - 12
0

Austin Career Education Center

Private | 10 - 12
0

Banner Academy West

Private | 9 - 12
0

Banner West Academy High School

Public | 9 - 12

School and business data provided by Attom Data.

Yuliya Benko

Broker

+1(773) 503-0277

Yuliya Benko

2948 N Narragansett Avenue Chicago, IL 60634

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2948 N Narragansett Avenue