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4918 N Monticello Avenue Chicago, IL 60625

$699,999
Active / MLS# 12654307 / Multi Unit - Multiple / Chicago
9 Beds
3 Baths

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 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.

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Baird & Warner Jeffrey Schwartz Email

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Estimated Payment

$ 2,733.97 per month $1,555.56 Principal & Interest $974.25 Property Tax $204.17 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full
Garage: 2
Heating: Natural Gas, Forced Air
Lot Size: 35 X 125
Taxes: $11,691
Year Built: 1916

Feature Descriptions

Additional rooms: Den, Enclosed Porch, Utility Room-Lower Level
Bath Features: Soaking Tub
Exterior: Brick
Lot Dimensions: 35 X 125
Parcel#: 13113190290000
Parking: Yes, Garage Owned, Detached, Assigned, Owned, Garage
Sewer: Public Sewer
Total Rooms: 20
Township: Jefferson
Water: Lake Michigan, Public

Schools

School District: District 299

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Coldwell Banker Realty

Listing Office Phone: 708-424-4000



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