2948 N Narragansett Ave Chicago, IL 60634
Montclare NeighborhoodEstimated payment $3,111/month
Total Views
14,072
4
Beds
3
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Den
- Soaking Tub
- 2 Car Garage
- Porch
- Baseboard Heating
- Paved or Partially Paved Lot
About This Home
Presenting an exceptional opportunity in Chicago's Montclare neighborhood, this fully updated 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 compactor, 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,770
Year Built
- Built in 1922 | Remodeled in 2020
Lot Details
- 3,920 Sq Ft Lot
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Shake Roof
- Concrete Perimeter Foundation
Interior Spaces
- Den
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
- Soaking Tub
Outdoor Features
- Porch
Schools
- Beard Elementary School
- Josephine Locke Elementary Schoo Middle School
Utilities
- Heating System Uses Natural Gas
- Baseboard Heating
- Lake Michigan Water
- Electric Water Heater
Community Details
- 2 Units
- Gross Income $38,000
Listing and Financial Details
- Homeowner Tax Exemptions
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/10/2025 12/10/25 | For Sale | $1,500,000 | +200.0% | -- |
| 12/03/2025 12/03/25 | For Sale | $500,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
About the Listing Agent
Cecil Sabu, Managing Broker
Under the leadership of managing broker Cecil Sabu, the Chicago Real Estate Artists team leverages a deep understanding of the Chicagoland market that spans over a decade. Sabu’s technical aptitude and client-centric approach enable him to provide bespoke counsel to his clients. He boasts an extensive resume in commercial real estate, the most notable being the sale and management of 401 North Michigan Avenue and the flagship Apple store on the Magnificent Mile.
Cecil's Other Listings
Source: Midwest Real Estate Data (MRED)
MLS Number: 12520410
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