3816 W Montrose Avenue Chicago, IL $ 895,000
3816 W Montrose Avenue
$ 895,000
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3816 W Montrose Avenue

Chicago, IL, 60618
$ 895,000
Bedrooms6 Baths5.2 Sq 4,500

Monthly Estimate*

$ 5,511

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Multi-Family Home for sale in Chicago, IL

for $895,000 with 6 bedrooms and 5 full baths, 2 half baths. This home is 4,500 square feet.

This 3-unit property is fully rented and a great income-producing investment opportunity or perfect for a Live/Work owner! Lots of recent updates: the roof was replaced 2 years ago, the front windows of the 2-bedroom were replaced in 2025, and both the 2-bed and the coach house have new electrical. The 1600 Sq. Ft. storefront is currently operating as a catering/restaurant business and is on a long-term, month-to-month rent, so that gives flexibility to the new owner. The second floor has a 2-bedroom, 1-bathroom plus enclosed porch and an outdoor patio and has been recently renovated, and it's currently rented out. The beautifully designed 2-bed unit features an in-unit laundry and a custom kitchen with stainless steel appliances and granite countertops, which are perfect for cooking and entertaining. The apartment boasts hardwood floors throughout, adding a touch of elegance to the space. It also has a private entry and central air and heat. The owner just finished the full gut rehab of the coach house in the back as well. The coach house has 4 bedrooms/2baths, and it's a 3-floor living space; it feels and lives like a single home. Gorgeous brand new kitchen with all the bells and whistles, and two brand new elegant bathrooms, in-unit laundry. With public transportation nearby, commuting is a breeze. Great upside potential

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Multi-Family Active

Price

$ 895,000

Bedrooms

6

Full Bath

5

Half Bath

2

Property Type

Multi-Family

Taxes

$ 13,061

Style

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12420367

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Zoning MULTI
Construction Materials Vinyl Siding Brick
Township Jefferson
Tax Year 2023
Ownership Fee Simple
Gross Income 81528
County Cook
Net Operating Income 64918
Insurance Expense 2500
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 18
Status Active
Directions BETWEEN AVERS AND HAMLIN E OF PULASKI
City Chicago
High School District 299
MLS Area CHI - Albany Park
Tax Annual Amount 13061
Electric Expense 425
Water Sewer Expense 625
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Crawl Space Partial
Total Bedrooms 6
Total Baths 5
Bedrooms Possible 6
Full Baths Building 3
Half Baths Building 2
Total Number of Units 3
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Exterior
Water Source Public
Total Parking 0
Lot Dimensions 27X118
Waterfront Y/N N
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* Excluded Features
List By
Cedar Realty

Broker

vasileva.lora9@gmail.com;lora@cedarrealty.com

Email

Affordability Calculator

$6,599
Per Month
84%
16%
0%
Monthly Principal & Interest
$5,511
Monthly Property Taxes
$1,088
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/15/2025$895,000 Listed Price

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3816 W Montrose Avenue, Chicago, IL, 60618 is a Multi-Family Home for sale at $895,000 with 4,500 sqft. 3816 W Montrose Avenue has 6 bedrooms and 5.2 baths. The property's zip code is 60618 which is in Chicago, IL