1940 N Monticello Avenue, Chicago, IL 60647
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
1940 N Monticello Avenue,Chicago, IL 60647
$830,000
- 8 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:michael scanlon
Office:exp realty
MLS#:12454278
Source:MLSNI
Price summary
- Price:$830,000
About this home
MOTIVATED SELLER - priced to sell! Welcome to 1940 N Monticello Ave - a beautifully renovated legal 2-flat with a finished garden unit, located just steps from the 606 Bloomingdale Trail and all that Logan Square has to offer. This property is the perfect blend of vintage charm and modern convenience, featuring comprehensive updates from top to bottom. Each unit boasts stylish finishes, updated plumbing and electrical, newer windows, and three modern kitchens with stainless steel appliances. The building offers 4 updated bathrooms, a newer roof (2022 overlay), exterior wall insulation, and updated mechanicals, including a new furnace and condenser for the first floor unit, plus two mini splits for the garden unit. The 2nd floor unit has 4 beds/2 baths and is currently vacant but could be rented for $2700+/mo, while the 2 bed/1 bath garden unit brings in $2,000/month (leased through 10/20) as a fully furnished mid-term rental, providing excellent income from day one. All garden unit furniture is included in the sale. The spacious 2 bed/1 bath first-floor unit is currently owner-occupied and can be delivered vacant, making it ideal for house hacking or increasing your rental income potential (market rent ~$2200/mo). Additional features include a 2-car garage & carport for extra income (previously the garage was rented for $200/mo), and a prime location close to parks, restaurants, cafes, and public transportation. Whether you're a seasoned investor or a first-time buyer looking to live in one unit and rent out the others, this property offers flexibility, stability, and long-term value in one of Chicago's most sought-after neighborhoods.
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Home facts
- Year built:1912
- Listing ID #:12454278
- Added:47 day(s) ago
- Updated:October 11, 2025 at 08:39 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1912
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$830,000
- Tax amount:$7,980 (2023)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 1940 N Monticello Avenue
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