1. Illinois
2. Chicago
3. 3816 W Montrose Avenue

3816 W Montrose Avenue, Chicago, IL 60618

• 6 beds |
• 5 baths

Property Description

This 3-unit property is a great investment opportunity or perfect for a Live/Work owner! The roof was replaced 2 years ago, 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. The estimated market rent for the couch house is $3600, and that number is used to calculate the GRI income. With public transportation nearby, commuting is a breeze. Great upside potential

Listing Status:

Active

Listing Office:

Cedar Realty : 773-549-7200

Listing Agent:

Lora Vasileva : 312-967-4388

MLS ID:

12420367

Interior

• Basement: UnfinishedCrawl SpacePartial
• Heating: Natural Gas

Exterior

Location

Lot

Utilities

Financial

This listing courtesy of Lora Vasileva, Cedar Realty