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1940 N Monticello Avenue, Chicago, IL 60647

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For Sale

$850,000

8 beds

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

Welcome to 1940 N Monticello Ave - a beautifully renovated legal 2-flat with a non-conforming garden unit, located just steps from the 606 Bloomingdale Trail and all that Logan Square has to offer. This property is the perfect blend of vintage charm and modern convenience, featuring comprehensive updates from top to bottom. Each unit boasts stylish finishes, updated plumbing and electrical, newer windows, and three modern kitchens with stainless steel appliances. The building offers 4 updated bathrooms, a newer roof (2022 overlay), exterior wall insulation, and updated mechanicals, including a new furnace and condenser for the first floor unit, plus two mini splits for the garden unit. The 2nd floor unit has 4 beds/2 baths and is currently vacant but was previously rented for $2700/mo, while the 2 bed/1 bath garden unit brings in $2,000/month as a fully furnished rental (mid-term rental leased through August), providing excellent income from day one. The spacious 2 bed/1 bath first-floor unit is currently owner-occupied and can be delivered vacant, making it ideal for house hacking or increasing your rental income potential. Additional features include a 2-car garage, carport, and a prime location close to parks, restaurants, cafes, and public transportation. Whether you're a seasoned investor or a first-time buyer looking to live in one unit and rent out the others, this property offers flexibility, stability, and long-term value in one of Chicago's most sought-after neighborhoods.
MLS# 12394327

Courtesy Of eXp Realty, LLC

(888) 574-9405

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 1940 N Monticello Avenue, Chicago, IL 60647

Home seller CENTURY 21 Circle

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CENTURY 21 Circle

(773) 888-4200
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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