REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Tina Hollinsof Coldwell Banker Realty
$ 699,999
Est. payment /mo
New
4918 N Monticello Avenue Chicago, IL 60625
9 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12654307
Bedrooms 9
Year Built 1916
Annual Tax Amount $11,691
Tax Year 2024
Lot Dimensions 35 X 125
Property Sub-Type Two to Four Units
Property Description
This brick 2 unit building in Albany Park is a rare house-hacker and investor opportunity, with two spacious 3-bedroom units, a fully finished bonus lower level, and recent big-ticket upgrades already done. Two large 3 bedroom units, each with a primary bedroom, formal dining, sunlit living room, and a bright sun room. Market rent runs approximately $2,300 to $2,600 per unit. Expansive finished lower level with its own kitchen and full bath, perfect for extended-family living, a private guest suite, or generous owner space. NEW building roof and NEW garage roof, so the major capital expenses are already handled. Detached garage plus an additional parking pad, opening the door to extra parking rental income. On-site coin-operated laundry for another stream of supplemental revenue. ADU upside: Zoned multi-unit residential, where Chicago's permanent Additional Dwelling Unit ordinance (effective April 2026) now permits ADUs by-right. Buyers may have a path to explore legalizing additional living space as a conforming ADU, adding a potential third income stream. Buyer to verify ADU eligibility and approvals with the City of Chicago Steps to the CTA Brown Line, Kedzie and Lawrence dining and shopping, Ronan Park, and the Chicago River trail, with fast access to downtown and the expressways. Albany Park is one of the city's most in-demand rental corridors, and tenants want to be here. Live in one unit, rent the other, and let parking and laundry pad your bottom line. Whether you are building generational wealth, buying your first investment, or growing a portfolio, this is the kind of Albany Park building that does not last. Schedule your private showing today.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Finished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
