2948 N Narragansett Avenue Chicago, IL $ 500,000
2948 N Narragansett Avenue
$ 500,000
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2948 N Narragansett Avenue

Chicago, IL, 60634
$ 500,000
Bedrooms4 Baths3.0

Monthly Estimate*

$ 3,157

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Lots and Land for sale in Chicago, IL

for $500,000 with 4 bedrooms and 3 full baths. The lot size is 0.09.

**Listing reactivated due to buyer failure to perform. A prior inspection was completed successfully, with no significant issues reported.** Exceptional owner-occupant or investment opportunity in Chicago's Montclare neighborhood. Originally constructed in 1920 and comprehensively updated in 2021, this well-maintained two-unit property offers 4 bedrooms, 3 full bathrooms and approximately 2,837 square feet of total building area. The spacious upper duplex provides approximately 1,788 square feet across the second and dormered third floors, with 3 bedrooms, 2 full bathrooms, separate living and dining rooms, and a generously appointed kitchen. Features include rich wood cabinetry, distinctive granite countertops, a center island, stainless-steel appliances, separate cooktop and oven, warming drawer, dishwasher and garbage compactor. Hardwood, marble and tile flooring, recessed lighting, decorative trim and heated bathroom floors enhance the interior. The uppermost level offers an oversized bedroom or primary-suite-style retreat with vaulted and sloped ceilings, abundant open space and its own full bathroom. The separate above-grade ground-level apartment offers approximately 1,049 square feet with 1 bedroom, a den or flex room, full kitchen, living area and renovated bathroom. Multiple windows provide natural sunlight, distinguishing the unit from a traditional below-grade garden apartment. Additional finishes include marble countertops, extensive marble bathroom surfaces, heated flooring, an overhead heat lamp and a multi-spray shower system. This flexible configuration is well suited for rental income, extended living, guests or work-from-home needs. The property features updated kitchens, bathrooms, flooring, paint and fixtures, along with hot-water baseboard heat, a boiler and tankless water heater. Exterior amenities include a front porch, fenced backyard and expansive rear deck with pergola. The detached two-car garage contains approximately 575 square feet, offers alley access and is entirely vacant for the purchaser's immediate use or potential supplemental rental income. Conveniently located near shopping, parks, public and private schools, library services, medical offices, religious institutions, CTA bus routes and Metra transportation. This is a strong option for an owner-occupant seeking additional income, a multigenerational household or an investor looking for two updated units with room to improve the rent roll. The adjacent commercial property may also be available separately, creating a potential assemblage opportunity with approximately 15,025 square feet of combined land area and approximately 120 feet of street frontage. Contact the listing broker for additional information.

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Lots and Land Active

Price

$ 500,000

Bedrooms

4

Full Bath

3

Property Type

Lots and Land

Taxes

$ 5,769

Style

Lot Size

0.09

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12527189

Features
General
Heating Natural Gas
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available
Possession Closing
Zoning MULTI
Construction Materials Wood Vinyl Siding
Township Jefferson
Tax Year 2024
Ownership Fee Simple
County Cook
Property Type Land Land
Possible Use Commercial Condominium Non Conforming Multi-Family Single Family
Other Structures Residence
Total Rooms 10
Full Baths 3
Status Active
Directions W on Belmont Ave S on Narragansett and building is W on 2900-3000 block
City Chicago
High School District 299
MLS Area CHI - Belmont Cragin
Elementary School Beard Elementary School
Tax Annual Amount 5769.58
Middle/Junior High School Josephine Locke Elementary Schoo
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full
Total Fireplaces 0
Half Baths 0
Laundry Features Common Area
Total Bedrooms 4
Total Baths 3
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Exterior
Parking Features Concrete Off Alley Detached Garage
Total Parking 2
Lot Dimensions 30X125
Lot Size Acres 0.09
Road Surface Type Concrete
Frontage Length 30
Frontage Type City Street
Waterfront Y/N N
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* Excluded Features
List By
Allure Real Estate

Broker

CSABU@ALLURE.REALESTATE;CSABU@CHICAGOREA.COM

Email

Affordability Calculator

$3,638
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,157
Monthly Property Taxes
$481
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4878375 Elementary School
4513993 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/10/2025$500,000 Listed Price

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2948 N Narragansett Avenue, Chicago, IL, 60634 is a Lots and Land for sale at $500,000 with a lot size of 0.09. 2948 N Narragansett Avenue has 4 bedrooms and 3.0 baths. The property's zip code is 60634 which is in Chicago, IL