2958 N Narragansett Ave Chicago, IL 60634
Montclare NeighborhoodEstimated payment $6,785/month
About This 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 foot 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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $18,301
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 90x125
- Corner Lot
- Property is zoned COMMR
Parking
- Driveway
Laundry
- Sink Near Laundry
- Gas Dryer Hookup
Utilities
- Electricity To Lot Line
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $18,301 | $93,871 | $70,313 | $23,558 |
| 2023 | $17,841 | $86,740 | $50,625 | $36,115 |
| 2022 | $17,841 | $86,740 | $50,625 | $36,115 |
| 2021 | $17,442 | $86,739 | $50,625 | $36,114 |
| 2020 | $17,769 | $79,762 | $50,625 | $29,137 |
| 2019 | $16,025 | $79,762 | $50,625 | $29,137 |
| 2018 | $15,756 | $79,762 | $50,625 | $29,137 |
| 2017 | $16,931 | $78,649 | $44,296 | $34,353 |
| 2016 | $15,753 | $78,649 | $44,296 | $34,353 |
| 2015 | $14,412 | $78,649 | $44,296 | $34,353 |
| 2014 | $11,404 | $61,462 | $44,296 | $17,166 |
| 2013 | $11,178 | $61,462 | $44,296 | $17,166 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/09/2025 12/09/25 | For Sale | $1,000,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $220,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12527047
APN: 13-30-223-012-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 2948 N Narragansett Ave
- 2922 N Mulligan Ave
- 3020 N Nagle Ave
- 3034 N Nagle Ave
- 3057 N Narragansett Ave Unit 7
- 2834 N Narragansett Ave
- 2959 N Neenah Ave
- 2848 N Mobile Ave
- 2924 N Merrimac Ave
- 2916 N Merrimac Ave
- 2830 N Mobile Ave
- 3145 N Natchez Ave
- 2730 N Merrimac Ave
- 3013 N Normandy Ave
- 3015 N Normandy Ave
- 3120 N Natoma Ave
- 2825 N Moody Ave
- 2852 N Meade Ave
- 3121 N Normandy Ave
- 6614 W Belmont Ave
- 2913 N Narragansett Ave Unit 3BR 2Fl
- 6341 W Belmont Ave Unit 2R
- 6340 W Belmont Ave Unit 302
- 6606 W George St Unit 2
- 3207 N Narragansett Ave Unit 306
- 3207 N Narragansett Ave
- 3207 N Narragansett Ave Unit 103
- 3207 N Narragansett Ave
- 6340 W Belmont Ave Unit A03W
- 3215 N Narragansett Ave Unit K08J
- 6235 W Diversey Ave Unit 2
- 2817-2851 N Natoma Ave
- 3151 N Melvina Ave Unit 2B
- 6101 W Fletcher St Unit 1
- 6212 W School St
- 2807 N Mcvicker Ave Unit 3N
- 711 W Belmont Ave Unit 109
- 6853 W Belmont Ave Unit 1R
- 5842 W Barry Ave Unit 2E
- 3121 N Monitor Ave Unit B