2501 N Mont Clare Avenue
Chicago, IL, 60707 $ 849,900
Bedrooms8 Baths5.0 Sq 3,200 Monthly Estimate*
$ 5,870
for $849,900 with 8 bedrooms and 5 full baths. This 3,200 square foot home was built in 1966.
Opportunity knocks with this spacious three-unit property on a desirable corner lot in Chicago's Mont Clare neighborhood, right on the cusp of Elmwood Park. The property features two generously sized 3-bedroom, 2-bathroom apartments, each offering approximately 1,600 square feet of living space, plus a separate 1-bedroom, 1-bathroom garden apartment. This unique layout provides exceptional flexibility for an owner-occupant, multigenerational household, or investor looking to maximize the property's income potential. The two spacious main apartments provide the feel and functionality of full-size homes, while the garden apartment offers an additional opportunity for rental income, extended family, or guests. All residents benefit from convenient parking, with a carport and a detached two-car garage offering additional parking and storage. Recent mechanical updates add to the property's appeal. Each unit has its own newer furnace and water heater, providing separate heating and hot-water systems, while a brand-new electrical panel adds another important update. The corner lot offers plenty of outdoor potential, with room beyond the two-car detached garage to create a private backyard oasis. With three separate living spaces, multiple parking options, separate mechanical systems, and substantial outdoor space, this property offers a rare combination of flexibility and income potential. Whether you're looking to live in one of the spacious apartments while generating rental income from the others, accommodate extended family, or add a versatile multi-unit property to your portfolio, this Mont Clare property offers space, flexibility, and multiple ways to make the property work for you. With its exceptional layout, multiple living spaces, parking, updates, and unbeatable transportation access, this is a property you won't want to miss-and it won't last long on the market!
See more
FeaturesGeneralSewer Public Sewer
Heating Natural Gas Steam
Possession Closing
Garage Spaces 2
Construction Materials Brick
Year Built 1966
Township Jefferson
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Other Structures Garage Faces Rear
Total Rooms 7
Status Active
Directions HARLEM TO ALTGELD THEN EAST TO MONTCLARE
City Chicago
High School District 299
MLS Area CHI - Montclare
Tax Annual Amount 8240
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
See more
InteriorBasement Finished Full Walk-Out Access
Total Bedrooms 8
Room Type Utility Room-Lower Level
Total Baths 5
Bedrooms Possible 8
Bathroom Accessible Shower Soaking Tub
Full Baths Building 5
Half Baths Building 0
Total Number of Units 3
See more
ExteriorParking Features Yes Detached Alley Access Garage Faces Rear Other Garage
Water Source Public
Total Parking 3
Lot Dimensions less than .25 acre
Waterfront Y/N N
See more
* Excluded FeaturesList ByColdwell Banker RealtyBroker
mollydurkin@hotmail.com;molly.moran@cbrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,870
- Monthly Property Taxes
- $687
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $644,451
Percent of Sale Price 24%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/5/2026 | $849,900 | | Listed Price |