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    4322 N Monticello Ave Chicago, IL 60618

    New
    For Sale
    $575,000

    Residential Income - Chicago, IL

    Days on Market:
    5
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 4322 N Monticello Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    13143060320000
    Parking
    3

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1896
    Architectural style
    Other

    Compass Real Estate

    Listing agent Dan Nelson (773) 466-7150 License #475189264

    Listing date Dec 2, 2025

    MLS# 12509762 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Albany Park Multifamily Investment

    Located in Chicago's Albany Park neighborhood, this legal 3-unit property presents an investment opportunity with potential for appreciation and improved returns. The building is suitable for investors seeking a value-add asset or owner-occupants. All three units are in liveable condition, with opportunities for cosmetic updates to increase rents and long-term equity. The property is located in an area with strong rental demand, supporting long-term hold strategies. New construction nearby indicates neighborhood growth. The property includes a spacious backyard and potential for future improvements. It is conveniently located near public transit, dining, and parks, making it attractive to tenants and future buyers. The property is being sold as-is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7195801
    Latitude
    41.9599768

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    FAQs

    What type of property is this?
    Triplex - Legal 3-unit in Albany Park with income potential.
    Where is this triplex located?
    The property is located at 4322 N Monticello Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Legal 3-unit building offering immediate rental income.; - Excellent investment opportunity with potential for appreciation and increased returns.; - Located in Albany Park, near public transit, dining, and parks.
    (773) 466-7150
    Request Owner's contact information
    4322 N Monticello Ave Chicago, IL 60618
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    Chicago, IL 60618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4322 N Monticello Ave Chicago, IL 60618
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