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Brick Multifamily Property with Garage
For Sale
Under Contract
$620,000

2506 N Monticello Avenue, Chicago, IL 60647

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.06 Acres
Days on Market334

Property Features for 2506 N Monticello Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 2
Parking 2
Parking features Garage
Basement Finished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions From South: Follow W Fullerton Ave to N Monticello Ave, Turn onto Monticello to 2506
Subdivision CHI - Logan Square
Special listing conditions Short Sale
Standard status Active Under Contract
APN 13263210390000
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 9529

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1910
Building materials Brick
Listing Agency: eXp Realty
Listed By: Denzel Blocker · License #475168940
Added: Sep 25, 2025 Changed: Aug 20 Last Checked: Aug 24 at 12:06AM
MLS# 12480506

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 brick multifamily property was built in 1910 and includes five bedrooms, two bathrooms, and a basement. Forced-air heating is powered by natural gas, while public water and public sewer serve the property. Garage parking is included, and the parcel measures 0.06 acres.

A burst pipe has resulted in significant water damage throughout the home. Repairs are required, and the property is offered as-is. Listing photographs show the condition before the water damage occurred.

Key Highlights

  • Five bedrooms, two bathrooms, and a basement
  • 0.06‑acre parcel at 2506 N Monticello Avenue, Chicago, IL 60647
  • Brick construction completed in 1910

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Skin Care Clinic Nursing Home (Bike/Boat/Book/etc) Store Catering Service Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,271
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Five-bedroom property with a basement, garage parking, and public water and sewer service.
Where is this multifamily property located?
The property is located at 2506 N Monticello Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Five bedrooms, two bathrooms, and a basement; 0.06‑acre parcel at 2506 N Monticello Avenue, Chicago, IL 60647; Brick construction completed in 1910
More about this property
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