2948 N Narragansett Avenue, Chicago, IL 60634
Local realty services provided by:Better Homes and Gardens Real Estate Connections
2948 N Narragansett Avenue,Chicago, IL 60634
$500,000
- 4 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: cecil sabu, adam lenchner
Office: allure real estate
MLS#:12520410
Source:MLSNI
Price summary
- Price:$500,000
About this home
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.
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Home facts
- Year built:1922
- Listing ID #:12520410
- Added:51 day(s) ago
- Updated:January 23, 2026 at 11:58 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
Heating and cooling
- Heating:Baseboard, Electric, Natural Gas
Structure and exterior
- Roof:Shake
- Year built:1922
- Lot area:0.09 Acres
Schools
- Middle school:Josephine Locke Elementary Schoo
- Elementary school:Beard Elementary School
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$500,000
- Tax amount:$5,770 (2024)
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