IL
Cook
Chicago
60634
2948 N Narragansett Avenue
2948 N Narragansett Avenue, Chicago, IL 60634
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Listing Type
Multi Family
Listing Status
Active
31
$500,000

Home Details for 2948 N Narragansett Avenue

Price
$500,000
Type
Residential Income
Bedrooms
10
Bathrooms
3.0
Square feet
NaN
Year built
1922
Lot size acres
0.09
County
Cook
Total rooms
10
Garage
2
Basement
Finished, Full
Days on site
5
MLS Listing#
12520410
Property Description

Presenting an exceptional opportunity in Chicago's Montclare neighborhood, 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 deck space. The neighborhood offers strong community amenities, including highly regarded schools like Beard Elementary, Josephine Locke Elementary, and Excel Academy - Southwest High School, along with private institutions such as St. Patrick High School and Chicago Academy High School. Recreational spaces such as Riis Park (featuring tennis courts), Shabbona Park, and Rutherford Sayre Park are nearby, as are local services like the West Belmont Branch Library and various religious institutions and medical facilities. Transportation access is excellent, utilizing adequate CTA bus service networks and convenient proximity to the Mars Metra station. Furthermore, this residential property offers a substantial development benefit as it provides an immediate land assembly opportunity with the adjacent commercial site at 2958 N Narragansett Ave (available separately), which combined would create a total contiguous site of approximately 15,025 square feet of land with 120 feet of street frontage.

Property Features
  • Heating Information
    • Natural Gas
    • Electric
    • Baseboard
  • Parking
    • Garage Door Opener
    • Detached
    • Garage
  • Basement
    • Finished
    • Full
  • Water Features
    • Public
School Information
School Information for 2948 N Narragansett Avenue, Chicago, IL 60634
Elementary School
Beard Elementary School
Middle School
Josephine Locke Elementary Schoo
High School
N/A
Listing Courtesy: ALLURE Real Estate - 312-772-2820
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-12-04 16:45:11. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-12-04 16:45:11
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Market statistics compiled from data from Midwest Real Estate Data.
EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618
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