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
Listed By
Agency Name: Cedar Realty
Agency Phone: 773-549-7200
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimated Payment
$ 3,291.00 per month $1,947.37 Principal & Interest $1,088.42 Property Tax $255.21 Homeowner's Insurance
3816 W Montrose Avenue | MLS# 12589595
This multi-family property located at 3816 W Montrose Avenue, Chicago, IL 60618 is currently listed for sale with an asking price of $875,000. W Montrose Avenue is located within the District 299 school district. Search Chicago real estate on www.bhhscrosby.com today.