List Search

2948 N Narragansett Ave
Chicago, IL 60634 Montclare

$500,000 USD

Apartments For Sale  •  3,781 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,781 SF
  • Lot Size 0.09 AC
  • Building Class C
  • Year Built 1927
  • Cap Rate 5.00 %
  • Zoning B2-2
60 Transit Score
80 Walk Score

Highlights

Fully Updated Two-Unit Property with Spacious 3-Bedroom Duplex-Up
Two Updated, Move-In-Ready Units Offering Immediate Rental and Cash-Flow Potential
Potential Assemblage Offering 15,025 SF of Land and 120 Feet of Frontage

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $25,000 USD (2026)
Cap Rate: 5.00 %
Total Expenses: $13,000 USD

Amenities

  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Stainless Steel Appliances
  • Walk-In Closets
  • Deck
  • Den
  • Dining Room
  • Office
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Galewood Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.3 mi
Mars Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.6 mi
AirportDriveWalkDistance
Chicago O'Hare International 36 min - 11.3 mi
Chicago Midway International 26 min - 13.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: TwoCarGarage
Included in Rent: No
Cecil Sabu 847-274-2819 ALLURE Real Estate
Cecil Sabu 847-274-2819 ALLURE Real Estate