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3344 North Monticello Avenue

Chicago IL 60618

7
3
2
Multi-Family
Currently for sale - view listing

Overview

Best and final due 9/13 at 10AM. JUMBO BRICK LEGAL 3-FLAT on an EXTRA-WIDE 31' x 126' LOT! An exceptional opportunity for both investors and owner-occupants, this well-maintained three-unit property offers 7 total bedrooms and 3 bathrooms with generously sized interiors throughout. The building features a 1-bedroom/1-bath garden unit and two spacious 3-bedroom/1-bath residences on the first and second floors. All three units underwent extensive renovations in late 2020, including remodeled kitchens and bathrooms and updated appliances, creating move-in-ready spaces while maintaining the building's original character and woodwork. Each residence offers an extra-wide floor plan, spacious rooms and large eat-in kitchens. Three separate HVAC systems allow tenants to control their own gas and electric, while water, sewer and garbage are included. Additional features include coin-operated laundry, basement and rear-stairwell storage, a fenced backyard with patio space, and a 2-car garage with covered parking. Ideally located just three blocks from the Addison Blue Line with convenient access to I-90/94, shopping, dining and neighborhood amenities. With strong rental appeal, potential for increased rents, an extra-wide lot and substantial updates already completed, this is a compelling opportunity to live in one unit while generating income from the others or add a turnkey multi-unit property to an investment portfolio. All units are currently tenant-occupied; therefore, the property is not available for immediate owner occupancy. Lease dates posted.

Features

7 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
Multi-Family

Property history for 3344 North Monticello Avenue

2020
Sold
$596,000
01 Sep 2020 by Michael Hall, of Baird & Warner
2009
Sold
$323,600
31 Dec 2009 by Chester Jakala, of Telequest Corp.

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Local market activity for 7 bedroom multi families in Chicago

In the last 12 months, 20 seven-bedroom multi families similar to 3344 North Monticello Avenue, have been sold.

This represents a 10% increase in seven-bedroom multi families sales when compared to the previous 12 months.

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