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2948 N Narragansett Avenue, Chicago, IL 60634

$500,000
  • 2948 N Narragansett Avenue, Chicago, IL 60634 Main Photo

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Active
LOT SIZE 0.090 acres MLS#12527189
STATUSActive PROPERTY TYPELand - Commercial SCHOOLDistrict 299

Property Description

**Listing reactivated due to buyer failure to perform. A prior inspection was completed successfully, with no significant issues reported.** Exceptional owner-occupant or investment opportunity in Chicago's Montclare neighborhood. Originally constructed in 1920 and comprehensively updated in 2021, this well-maintained two-unit property offers 4 bedrooms, 3 full bathrooms and approximately 2,837 square feet of total building area. The spacious upper duplex provides approximately 1,788 square feet across the second and dormered third floors, with 3 bedrooms, 2 full bathrooms, separate living and dining rooms, and a generously appointed kitchen. Features include rich wood cabinetry, distinctive granite countertops, a center island, stainless-steel appliances, separate cooktop and oven, warming drawer, dishwasher and garbage compactor. Hardwood, marble and tile flooring, recessed lighting, decorative trim and heated bathroom floors enhance the interior. The uppermost level offers an oversized bedroom or primary-suite-style retreat with vaulted and sloped ceilings, abundant open space and its own full bathroom. The separate above-grade ground-level apartment offers approximately 1,049 square feet with 1 bedroom, a den or flex room, full kitchen, living area and renovated bathroom. Multiple windows provide natural sunlight, distinguishing the unit from a traditional below-grade garden apartment. Additional finishes include marble countertops, extensive marble bathroom surfaces, heated flooring, an overhead heat lamp and a multi-spray shower system. This flexible configuration is well suited for rental income, extended living, guests or work-from-home needs. The property features updated kitchens, bathrooms, flooring, paint and fixtures, along with hot-water baseboard heat, a boiler and tankless water heater. Exterior amenities include a front porch, fenced backyard and expansive rear deck with pergola. The detached two-car garage contains approximately 575 square feet, offers alley access and is entirely vacant for the purchaser's immediate use or potential supplemental rental income. Conveniently located near shopping, parks, public and private schools, library services, medical offices, religious institutions, CTA bus routes and Metra transportation. This is a strong option for an owner-occupant seeking additional income, a multigenerational household or an investor looking for two updated units with room to improve the rent roll. The adjacent commercial property may also be available separately, creating a potential assemblage opportunity with approximately 15,025 square feet of combined land area and approximately 120 feet of street frontage. Contact the listing broker for additional information.

2948 N Narragansett Avenue | MLS# 12527189

This land located at 2948 N Narragansett Avenue, Chicago, IL 60634 is currently listed for sale with an asking price of $500,000. The property has approximately 0.09 Acres. N Narragansett Avenue is located within the District 299 school district. Search Chicago real estate on www.mycrr.com today.

Property Features

Property Type: Land - Commercial
Basement: Yes
Basement: Finished, Full
Lot Size: 0.09 Acres
Taxes: $5,769

Feature Descriptions

Additional Structures: Residence
Frontage: 30
Frontage Type: City Street
Lot Dimensions: 30X125
Parcel#: 13302230130000
Possible Use: Commercial, Condominium, Non Conforming, Multi-Family, Single Family
Road Surface: Concrete
Total Rooms: 10
Township: Jefferson
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available

Local Schools

Middle School: Josephine Locke Elementary Schoo
Elementary School: Beard Elementary School
School District: District 299

Listed By / Shown By

Listed By

Agency Name: ALLURE Real Estate
Agency Phone: 312-772-2820

Shown By

Agency Title: Charles Rutenberg Realty
Agency Phone: 630-929-1100

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Estimated Payment

$ 3,154.86 per month $2,528.27 Principal & Interest $480.75 Property Tax $145.83 Homeowner's Insurance

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