REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Jan

Sat

Jan

Sun

Feb

Yuliya Benko

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

Listed by Cecil Sabuof ALLURE Real Estate

$ 3,500,000

Est. payment -/mo

Save

Active

2948-2958 N Narragansett Avenue Chicago, IL 60634

13,862 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Active

Purchase Type For Sale

Square Footage 13,862 sqft

Price per Sqft $252

MLS Listing ID 12530568

Annual Tax Amount $18,859

Tax Year 2023

Lot Dimensions 125X120

Property Sub-Type Bus / Bus w/Real Est

Property Description

Rare opportunity to acquire an operating tow yard business and a multi-site Chicago real estate portfolio featuring three properties: 2958 N Narragansett Ave (Montclare tow yard/commercial site), 2948 N Narragansett Ave (adjacent income-producing two-flat), and 11629 S Green St (West Pullman industrial yard). The combined real estate value is appraised at $2,500,000, with the tow yard business valued at $1,000,000 (structured to support SBA financing eligibility, subject to lender requirements). Montclare - High-Visibility Commercial Corner + Yard: Situated on a signalized, high-traffic corner on Narragansett Avenue, the commercial parcel totals approximately 11,250 SF (approx. 90' x 125') and is improved with an approx. 2,500 SF one-story masonry/frame building (automotive/heavy commercial highest & best use). Features include 16' clear ceiling heights, two oversized drive-in doors, climate-controlled office, fully fenced yard, and multiple access points from Narragansett, Wellington, and the rear alley, with full utilities (water/sewer/gas/electric). 2948 N Narragansett - Renovated Two-Flat (Income + Upside): Fully updated 2-unit building (approx. 2,837 GBA, low effective age) featuring a 3BR duplex and 1BR garden unit generating an estimated $3,100/month gross market rent (incl. water/sewer). Premium finishes include granite/marble surfaces, heated bathroom floors, luxury shower features, central A/C, hot water baseboard heat, tankless water heater, deck space, and a detached 2-car garage. Assemblage: The combined Narragansett parcels provide approximately 15,000+ SF with 120' of frontage, corner visibility, and strong redevelopment/expansion potential. West Pullman - Industrial Zoned Yard & Building: 11629 S Green St is zoned M2-1 Light Industry and includes an approx. 8,525 SF one-story masonry industrial building (c.1956) on a 51,563 SF / 1.18-acre fenced site ideal for secure storage/parking. Improvements include approx. 18' clear ceilings, two overhead doors, ceiling-hung heat, and office area with gas forced air & central A/C plus kitchen and two bathrooms. Utilities available; FEMA Zone X. Excellent regional access via I-57 (119th St) and nearby Halsted routes. Ideal for owner-users or investors seeking business + real estate, income, and industrial/commercial flexibility.

Location

State IL

County Cook

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Water Available

View Y/N true

Roof Type Rubber

Building

Structure Type Brick,Wood

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

2948-2958 N Narragansett Avenue Chicago, IL 60634

Key Details

Location

Interior

Exterior

Building

GET MORE INFORMATION

Go tour this home

2948-2958 N Narragansett Avenue