Renovated Legal Two-Flat with Garden
For Sale
Contact for pricing
Pending
1940 N Monticello Avenue, Chicago, IL 60647
Legal two-flat with a finished garden unit, multiple updated systems, and three kitchens, plus a 2-car garage and carport.
Property SizeContact for details
Days on Market482
Property Features for 1940 N Monticello Avenue
General Information
Standard status
Pending
Total Parking Spaces
2
Property subtype
Multifamily
Site & Location
Neighborhood
Logan Square
Additional Details
Multifamily Units
3
Building Details
Year Built
1912
Listing Agency:
eXp Realty
Listed By:
Michael Scanlon · License #475188240
(312) 488-9525
Source:
Crexi
Added: Jul 2, 2025
Changed: Oct 25
Last Checked: Oct 24 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
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Investment Insights
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This beautifully renovated legal two-flat includes a spacious first-floor unit, a second-floor unit, and a finished garden unit. Each unit has updated finishes, updated plumbing and electrical, newer windows, and modern kitchens with stainless steel appliances. The building has a total of four updated bathrooms, along with a newer roof (2022 overlay), exterior wall insulation, and updated mechanicals including a new furnace and condenser for the first-floor unit and two mini splits for the garden unit.
Located at 1940 N Monticello Avenue, the property is described as being steps from the 606 Bloomingdale Trail and close to Logan Square amenities, including parks, restaurants, cafes, and public transportation. The second-floor unit is currently vacant, while the garden unit has generated mid-term rental income and includes furnishings with the sale. The first-floor unit is currently owner-occupied and can be delivered vacant, and the property also features a 2-car garage and carport for additional income opportunities.
Located at 1940 N Monticello Avenue, the property is described as being steps from the 606 Bloomingdale Trail and close to Logan Square amenities, including parks, restaurants, cafes, and public transportation. The second-floor unit is currently vacant, while the garden unit has generated mid-term rental income and includes furnishings with the sale. The first-floor unit is currently owner-occupied and can be delivered vacant, and the property also features a 2-car garage and carport for additional income opportunities.
Key Highlights
- Legal 2‑flat with a finished garden unit, built in 1912
- Renovations include updated plumbing and electrical, newer windows, and comprehensive interior updates
- Three kitchens with stainless steel appliances across the units
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,255
Businesses Nearby
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Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Legal two-flat with a finished garden unit, multiple updated systems, and three kitchens, plus a 2-car garage and carport.
Where is this triplex located?
The property is located at 1940 N Monticello Avenue Chicago, IL.
What are key features of this property?
This property features: Legal 2‑flat with a finished garden unit, built in 1912; Renovations include updated plumbing and electrical, newer windows, and comprehensive interior updates; Three kitchens with stainless steel appliances across the units
