3816 W Montrose Avenue, Chicago, IL 60618
Local realty services provided by:Better Homes and Gardens Real Estate Connections
3816 W Montrose Avenue,Chicago, IL 60618
$895,000
- 6 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:lora vasileva
Office:cedar realty
MLS#:12420367
Source:MLSNI
Price summary
- Price:$895,000
About this home
This 3-unit property is a great investment opportunity or perfect for a Live/Work owner! The roof was replaced 2 years ago, and both the 2-bed and the coach house have new electrical. The 1600 Sq. Ft. storefront is currently operating as a catering/restaurant business and is on a long-term, month-to-month rent, so that gives flexibility to the new owner. The second floor has a 2-bedroom, 1-bathroom plus enclosed porch and an outdoor patio and has been recently renovated, and it's currently rented out. The beautifully designed 2-bed unit features an in-unit laundry and a custom kitchen with stainless steel appliances and granite countertops, which are perfect for cooking and entertaining. The apartment boasts hardwood floors throughout, adding a touch of elegance to the space. It also has a private entry and central air and heat. The owner just finished the full gut rehab of the coach house in the back as well. The coach house has 4 bedrooms/2baths, and it's a 3-floor living space; it feels and lives like a single home. Gorgeous brand new kitchen with all the bells and whistles, and two brand new elegant bathrooms, in-unit laundry. The estimated market rent for the couch house is $3600, and that number is used to calculate the GRI income. With public transportation nearby, commuting is a breeze. Great upside potential
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Home facts
- Listing ID #:12420367
- Added:77 day(s) ago
- Updated:September 30, 2025 at 04:35 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Full bathrooms:3
- Half bathrooms:2
Heating and cooling
- Heating:Natural Gas
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$895,000
- Tax amount:$13,061 (2023)
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