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Occupied Two-Unit Duplex
For Sale
$362,500

3035 N Monticello Avenue, Chicago, IL 60618

Two separately occupied residences offer a duplex configuration with flexible month-to-month tenancy arrangements.

Property SizeContact for details
Lot Size0.07 Acres
Days on Market88

Property Features for 3035 N Monticello Avenue

General Information

Standard status Active
Lot size 0.07 Acres
Property subtype Multi-Family
Zoning RS-3
Occupancy 100%

Units

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

Amenities

Natural Gas
Asphalt

Building Details

Year Built 1895
Buildings 1
Tenancy Multi
Listing Agency: Peter Drossos Real Estate
Listed By: Peter Drossos · License #471010251
Source: Kw
Added: Jun 6 Changed: Aug 31 Last Checked: Sep 1 at 12:24AM

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 Peter Drossos Real Estate

Investment Insights

Based on property information with market context.

Located at 3035 N Monticello Avenue in Chicago, this legal duplex contains two residential units within a building constructed in 1895. Each residence includes two bedrooms and one bathroom, creating a consistent unit mix across both levels.

The property sits on a 25-foot-wide by 120.76-foot-deep lot and carries RS-3 zoning. Both units are currently occupied under month-to-month leases. Additional property details include natural gas service and an asphalt exterior. The duplex configuration supports continued use as a two-unit residential property, subject to applicable zoning and building requirements.

Key Highlights

  • Legal 2‑unit duplex at 3035 N Monticello Avenue, Chicago, IL 60618
  • Two 2‑bedroom, 1‑bathroom units
  • 25 feet wide by 120.76 feet deep

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nursing Home Skin Care Clinic Home Appliance Store Tech Support Center Fish Market (Bike/Boat/Book/etc) Store

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

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,113
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Two separately occupied residences offer a duplex configuration with flexible month-to-month tenancy arrangements.
Where is this duplex located?
The property is located at 3035 N Monticello Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $362,500.
What are key features of this property?
This property features: Legal 2‑unit duplex at 3035 N Monticello Avenue, Chicago, IL 60618; Two 2‑bedroom, 1‑bathroom units; 25 feet wide by 120.76 feet deep
More about this property
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