Under Contract

2948 N Narragansett Avenue

Chicago, IL 60634
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Bed 4

Bed

Bath 3

Bath

Acres0.09

Acre(Lot)

Presenting an exceptional opportunity in Chicago's Montclare neighborhood, this fully updated in 2021 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 compa ctor, 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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Detail Ic Property Details

Property Type : Residential Income

Price : $500,000

AD Id : 70191933

MLS Id : MRD12520410

Beds : 4

Lot Size : 0.09 Acre

Year Built : 1922

Garage : 2

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 4 Room Types: Den

    Bathroom Information

    Total Baths: 3

    Room Information

    Rooms Total: 10

    Interior Features

    Roof: Shake

    Roofing Information

    Shake
  • Flooring Information

    Construction Materials: Brick, Frame
  • Heating & Cooling

    Heating: Natural Gas, Electric, Baseboard WaterSource: Lake Michigan, Public

  • Building Information

    Year Built: 1922

  • Lot Information

    Lot Dimensions: 3781 Lot Acres: 0.09 Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$500000

  • Tax Information

    Annual Tax: $5769.58 Tax Year: 2024 Parcel Number: 13302230130000 Tax Exemption: Homeowner

  • Parking Information

    Total Parking: 2 Garage Door Opener, Yes, Garage Owned, Detached, Garage Is Parking Included in Price: Yes

    Garage Information

    Garage Space: 2

  • School Information

    Elementary School: Beard Elementary School Junior High School: Josephine Locke Elementary Schoo
  • Utility Information

    Sewer: Public Sewer Water Source: Lake Michigan, Public
  • Location Information

    City: Chicago Direction: W on Belmont Ave, S on Narragansett and building is W on 2900-3000 block
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ByOwner last updated this listing 06/22/2026 @ 18:20

MLS: MRED #12520410 LISTED BY: Cecil Sabu, 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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