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$ 499,000
Est. payment /mo
Open Thu 4PM-6PM
4322 N Monticello AVE Chicago, IL 60618
5 Beds
3 Baths
Open House
Thu Jul 09, 4:00pm - 6:00pm
Sat Jul 11, 5:00pm - 6:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12696057
Bedrooms 5
Year Built 1896
Annual Tax Amount $5,928
Tax Year 2023
Lot Dimensions 3,750 sq ft
Property Sub-Type Two to Four Units
Property Description
This legal 3-unit in Albany Park sits blocks from the Kimball Brown Line in one of Chicago's most consistent rental corridors. It's surrounded by new construction that signals where this pocket is headed, offering real long-term appreciation potential for those who move early. A new electrical panel and newer garage are already in place, giving the next owner a head start on the items that matter most while leaving meaningful room to build equity through improvements on their own timeline. The garage is not currently being utilized by tenants, which means parking income is sitting on the table as an immediate opportunity for the next owner. The middle unit is vacant and ready for an owner-occupant to move right in or lease to a new tenant at current market rents, with the two additional units already occupied. Investors will find consistent tenant demand along the Kedzie and Lawrence rental corridor, which historically keeps vacancy low in a neighborhood where patient buyers have been rewarded. Owner-occupants get a rare chance to live in a vibrant, well-connected neighborhood while the other units and the garage help carry the mortgage and build long-term wealth. Jensen Park and River Park are both within the neighborhood, and Kedzie and Lawrence put dining, transit, and everyday conveniences right at the door. Sold as-is.
Location
State IL
County Cook
Area Chi - Irving Park
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 3.0
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Dan Nelson of Compass