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3-Unit Apartment Building
New
For Sale
$849,900

2501 N Mont Clare Avenue, Chicago, IL 60707

Two larger residences are paired with a separate garden apartment, with parking provided by a carport and detached garage.

Property SizeContact for details
Days on Market6

Property Features for 2501 N Mont Clare Avenue

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Neighborhood North Side

Units

Unit Mix 2 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units 3

Amenities

Natural Gas
Steam

Building Details

Year Built 1966
Listing Agency: Coldwell Banker Realty
Listed By: Maureen Moran
Source: Kw
Added: Oct 20 Changed: Oct 21 Last Checked: Oct 24 at 9:09PM

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 Coldwell Banker Realty

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Investment Insights

Based on property information with market context.

This Chicago triplex contains three independent residences: two apartments with three bedrooms and two bathrooms apiece, plus a one-bedroom, one-bathroom garden apartment. Each of the two larger units offers approximately 1,600 square feet. The building dates to 1966 and has natural gas and steam features. Separate newer furnaces and water heaters serve the units, and an updated electrical panel is also in place.

The property occupies a corner lot at 2501 N Mont Clare Avenue. Parking includes a carport and a detached two-car garage. Outdoor area extends beyond the garage, providing additional yard space.

Key Highlights

  • Three residences: two 3‑bedroom, 2‑bathroom apartments and one 1‑bedroom, 1‑bathroom garden apartment
  • Each of the two larger apartments is approximately 1,600 square feet
  • Separate newer furnace and water heater for each unit

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,066
Businesses Nearby

Demographics for 60707, IL

43,241
Population
16,590
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
86%
High-School Grad
3.6 sq mi
ZIP Area
12,011
Density / Sq Mi
$82,746
Median Household Income
$48,093
Median Earnings
$1,309
Median Rent
$315,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Two larger residences are paired with a separate garden apartment, with parking provided by a carport and detached garage.
Where is this triplex located?
The property is located at 2501 N Mont Clare Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Three residences: two 3‑bedroom, 2‑bathroom apartments and one 1‑bedroom, 1‑bathroom garden apartment; Each of the two larger apartments is approximately 1,600 square feet; Separate newer furnace and water heater for each unit
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