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2958 N Narragansett Avenue

Chicago, IL 60634
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Acres0.26

Acre(Lot)

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 foo t 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.

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Detail Ic Property Details

Property Type : Land

Price : $1,000,000

AD Id : 70627338

MLS Id : MRD12527047

Lot Size : 0.26 Acre(Lot)

County : Cook

  • Map Map

Map

Feature Features

  • Lot Information

    Lot Dimensions: 90X125 Lot Acres: 0.26 Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Land Sub Type: Land

  • Listing Price Information

    Original List Price:$1000000

  • Tax Information

    Annual Tax: $18301.09 Tax Year: 2024 Parcel Number: 13302230120000 Tax Exemption: None

  • Parking Information

    Concrete

  • Utility Information

    Electric to Site, Natural Gas Available, Sewer Connected, Water Available
  • Location Information

    City: Chicago Direction: W on Belmont, S on Narragansett on W end of 2900-3000 block
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4106 N Mobile Avenue, Chicago, IL, 60634 $650,000 -- -- -- 0.41 Acre(Lot)
3932 N Oak Park Avenue, Chicago, IL, 60634 $179,900 -- -- -- 0.00 Acre(Lot)
7455 W Irving Park Road, Chicago, IL, 60634 $949,000 -- -- -- Acres (Lot)--
6333 W Cornelia Avenue, Chicago, IL, 60634 $1,299,000 -- -- -- 0.44 Acre(Lot)
2948-2958 N Narraganset.., Chicago, IL, 60634 $1,500,000 4 3 -- 0.35 Acre(Lot)
2948 N Narragansett Ave.., Chicago, IL, 60634 $500,000 4 3 -- 0.09 Acre(Lot)
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ByOwner last updated this listing 06/22/2026 @ 18:20

MLS: MRED #12527047 LISTED BY: Adam Lenchner, ALLURE Real Estate 312-772-2820 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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