2948 N Narragansett Avenue, Chicago, IL 60634

Presenting an exceptional opportunity in Chicago's Montclare neighborhood for a teardown or can operate until needed this fully updated, two-unit residential multiunit building at 2948 N Narragansett Ave combines investment stability with modern 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 only 20 years and a well-maintained condition rating across its 2,837 square feet of gross building area. The structure is optimally configured to maximize income, featuring a main 6-room, 3-bedroom duplexed unit and a separate 4-room, 1-bedroom garden unit, producing an estimated total Gross Monthly Market Rent of $3,100, which includes water and sewer utilities. Interior features contributing to tenant comfort include Central Air Conditioning, Hot Water Baseboard heat, and a tankless water heater, complemented by a detached two-car garage and outdoor … read more …