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3816 W Montrose Avenue Chicago, IL 60618 Multi Unit - Multiple New

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  • 3816 W Montrose Avenue , Chicago, IL 60618 Main Photo

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Description

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

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6
Bathrooms: 5
County: Cook
Listed By:
Cedar Realty 773-549-7200
MRED MLS
$875,000
Est. $5,783/mo
6beds
5baths
New to the Market New
BEDS6 BATHS5 full MLS#12703472
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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3816 W Montrose Avenue , Chicago, IL 60618.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $875,000$875,000$875,000
Down Payment $175,000$30,625$218,750
Monthly Mortgage Amount $4,310$5,290$5,406
Taxes $1218$1218$1218
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$525$0
Monthly Estimated Total $5,783$7,288$6,879

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