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Legal Three-Unit Multifamily

4322 N Monticello Avenue Chicago, IL 60618

4322 N Monticello Avenue, Chicago, IL, 60618
$499,000
For Sale
$499,000

MULTI_FAMILY - Chicago, IL

Days on Market18

Property Features for 4322 N Monticello Avenue

General Information

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

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
8717

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas

Building Details

Year built
1896
Building materials
Brick
Listing agency Compass
Listed by Dan Nelson · License #475189264
Added: Jul 6 Updated: Jul 21 at 5:27PM Checked: Jul 23 at 12:06AM
MLS# 12696057

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

This legal 3-unit multifamily property offers a straightforward income-and-living layout. Two of the units are currently occupied, while the middle unit is vacant and ready for an owner-occupant or a new tenant. Updates include a new electrical panel, and a newer garage is also in place. The garage is not currently being utilized by tenants, which may allow the next owner to implement a parking solution. The property is being sold as-is.

Located at 4322 N Monticello Avenue in Chicago’s Albany Park, the building is described as being blocks from the Kimball Brown Line. The area includes surrounding new construction, and the immediate neighborhood placement places it near Jensen Park and River Park, with Kedzie and Lawrence providing convenient access to dining, transit, and everyday needs as noted in the remarks.

For buyers, this configuration supports multiple paths to value: an owner can move into the vacant unit while the other two units remain occupied, or an investor can reposition the vacant unit for leasing. With the existing electrical update and the newer garage already completed, the next owner can focus on tenant-ready improvements on their own timeline, while evaluating how to best use the garage going forward.

Key Highlights

  • Legal 3‑unit building in Albany Park built in 1896
  • Brick construction with natural gas heating and public sewer
  • New electrical panel and newer garage already in place

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Nursing Home Nursing Home (Bike/Boat/Book/etc) Store Bed & Breakfast Tanning Salon (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Clothing & Fashion Store Butcher

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

FAQs

What type of property is this?
Triplex - Legal three-unit property with a vacant middle unit and updates including a new electrical panel and newer garage.
Where is this triplex located?
The property is located at 4322 N Monticello Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Legal 3‑unit building in Albany Park built in 1896; Brick construction with natural gas heating and public sewer; New electrical panel and newer garage already in place
Contact an agent
More about this property
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