2958 N Narragansett Avenue, Chicago, IL 60634

Located in Chicago's Montclare neighborhood, the property at 2958 N Narragansett Ave is a commercial asset situated on a corner, signalized site. The rectangular parcel spans 11,250 square feet (90 X 125) and features a one-story, 2,500-square-foot masonry and frame building constructed in 1942. The building is currently maintained in average overall condition. The property's highest and best use is its continued operation as a commercial development. The structure includes 16-foot clear ceilings in the shop area, two large overhead doors, dedicated small office space with separate climate control, and a fully fenced yard. Access is available from Narragansett, Wellington Avenue, and a rear alley with multiple curb cuts. Normal utilities, including sewer, water, gas, and electricity, are available. The commercial parcel offers an immediate land assembly opportunity with the adjacent residential income property at 2948 N Narragansett Ave, which is separately available for purchase. Consolidating both adjacent parcels creates a contiguous site totaling approximately 15,000+ square feet of land, offering estimated overall combined dimensions of 120 feet of frontage on Narragansett by 125 feet deep. The neighboring 2948 N Narragansett property is a complementary two-unit residential multi-family building totaling 2,837 square feet of gross building area, featuring recent updates and would generate an estimated $3,100 gross monthly market rent from its two units (a 1-bedroom garden unit and a 3-bedroom duplexed unit). This combined offering presents potential for an integrated commercial operation, expansion, or ground-up redevelopment.