2958 N Narragansett Avenue, Chicago, IL 60634
Local realty services provided by:Better Homes and Gardens Real Estate Connections
2958 N Narragansett Avenue,Chicago, IL 60634
$1,000,000
- 0.26 Acres
- Lots / Land
- Active
Listed by: adam lenchner, cecil sabu
Office: allure real estate
MLS#:12527047
Source:MLSNI
Price summary
- Price:$1,000,000
About this home
Secure a strategic commercial asset at 2958 N Narragansett Ave, featuring a high-visibility, corner signalized site spanning 11,250 square feet (with dimensions of 90 X 125) in Chicago's Montclare neighborhood, located directly on Narragansett Avenue, a main north/south thoroughfare. This prime rectangular parcel is improved with a solid one-story, 2,500 square foot, masonry and frame constructed commercial/auto repair type building, originally built in 1942 (82 years old) and currently maintained in average overall condition. This property's continued operation as a commercial development is recognized as the highest and best use of the improved site. The turn-key commercial structure offers critical operational features necessary for heavy motor vehicle users, including impressive 16 foot clear ceilings in the shop area, two large overhead doors, dedicated small office space that is separately climate-controlled, and a fully fenced yard. The site boasts optimal access from Narragansett, Wellington Avenue (frontage along Wellington), and a crucial rear alley featuring multiple curb cuts. All normal utilities, including sewer, water, gas, and electricity, are available to the site. For strategic developers or expanding businesses seeking maximum density, the commercial parcel offers an immediate land assembly opportunity with the adjacent residential income property at 2948 N Narragansett Ave, which is separately available for purchase. Consolidating both adjacent parcels creates a substantial contiguous site totaling approximately 15K+ total square feet of land, offering estimated overall combined dimensions of 120 feet of frontage on Narragansett by 125 feet deep. The neighboring 2948 N Narragansett property is a complementary two-unit residential multi-family building totaling 2,837 square feet of gross building area, featuring recent updates and would generate an estimated $3,100 gross monthly market rent from its two units (a 1-bedroom garden unit and a 3-bedroom duplexed unit). This rare combined offering presents immense potential for an integrated commercial operation, significant expansion, or complete ground-up redevelopment opportunity.
Contact an agent
Home facts
- Listing ID #:12527047
- Added:88 day(s) ago
- Updated:March 08, 2026 at 10:51 AM
Rooms and interior
- Basement:Yes
Structure and exterior
- Lot area:0.26 Acres
Finances and disclosures
- Price:$1,000,000
- Tax amount:$18,301 (2024)
Copyright 2026 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 2958 N Narragansett Avenue
- New
$250,000Active12 beds 4 baths5843 S Peoria Street, Chicago, IL 60621
MLS# 12582383Listed by: ICANDY REALTY LLC - New
$450,000Active8 beds 4 baths8734 S Escanaba Avenue, Chicago, IL 60617
MLS# 12585591Listed by: CLASSIC REALTY GROUP PRESTIGE - New
$324,000Active8 beds 4 baths152 E 107th Street, Chicago, IL 60628
MLS# 12536502Listed by: CENTURY 21 IMPACT - New
$560,000Active27 beds 5 baths8705 S Saginaw Avenue, Chicago, IL 60617
MLS# 12586423Listed by: YUB REALTY INC - Open Sun, 11am to 1pmNew
$375,000Active3 beds 3 baths1,140 sq. ft.10813 S Artesian Avenue, Chicago, IL 60655
MLS# 12583034Listed by: FIRST IN REALTY, INC. - New
$450,000Active4 beds 3 baths2,700 sq. ft.7804 S Paxton Avenue, Chicago, IL 60649
MLS# 12585565Listed by: EXP REALTY - Open Sun, 1 to 3pmNew
$599,000Active5 beds 3 baths1,216 sq. ft.4155 W Grace Street, Chicago, IL 60641
MLS# 12584967Listed by: BAIRD & WARNER - New
$350,000Active1 beds 1 baths792 sq. ft.740 W Fulton Street #503, Chicago, IL 60661
MLS# 12585610Listed by: PREMIER RELOCATION, INC. - New
$299,000Active1 beds 1 baths826 sq. ft.1400 S Michigan Avenue #2405, Chicago, IL 60605
MLS# 12586262Listed by: BAIRD & WARNER - New
$179,000Active3 beds 2 baths2,278 sq. ft.654 E 92nd Place, Chicago, IL 60619
MLS# 12586336Listed by: CHICAGOLAND BROKERS INC.
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2026 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.