2948-2958 N Narragansett Ave Chicago, IL 60634

This offering features a dual-parcel opportunity in Chicago's Montclare neighborhood, combining a renovated two-unit residential income property with a high-visibility corner commercial site. Together, the parcels create a land assemblage of approximately 15,000+ square feet with 120 feet of frontage on Narragansett Avenue. The residential income property, originally constructed in 1920, offers 2,837 square feet of gross building area. Extensive renovations have resulted in a low effective age of approximately 20 years. Updates include newer kitchens, baths, flooring, paint, and fixtures. It features a 6-room, 3-bedroom duplex unit and a 4-room, 1-bedroom garden unit, generating an estimated $3,100 in gross monthly market rent, including water and sewer. The main duplex showcases exotic rare granite kitchen countertops, marble flooring in the kitchen, dining area, and bathroom, marble bathroom tile with heated floors, a separate cooktop, oven, warming drawer, dishwasher, and garbage compactor. The lower level includes marble countertops and full marble bathroom finishes, a luxury walk-in shower with six body sprays, and heated bathroom floors with an overhead heat lamp. Additional features include central air conditioning, hot water baseboard heating, a tankless water heater, detached two-car garage, and outdoor deck space. The adjacent 11,250 square foot rectangular commercial parcel sits on a signalized, high-traffic corner directly on Narragansett Avenue. Improved with a 2,500 square foot one-story masonry and frame commercial building, originally constructed in 1942 and maintained in average condition, the property is currently configured for automotive or heavy commercial use. The commercial structure features 16-foot clear ceiling heights in the shop, two large overhead drive-in doors, dedicated, climate-controlled office space, a fully fenced yard, multiple points of ingress and egress from Narragansett, Wellington Avenue, and the rear alley, and full utility access including water, sewer, gas, and electric. Together, these two parcels form a contiguous 15K+ square foot development site with frontage, alley access, and corner visibility, supporting commercial expansion, an integrated commercial-residential operation, mixed-use redevelopment, or full ground-up redevelopment. This offering combines immediate cash-flow, commercial functionality, and long-term redevelopment optionality in one of Montclare's most visible commercial corridors.