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Three-Unit Residential Income Property
For Sale
Contact for pricing
Pending

4322 N Monticello Avenue, Chicago, IL 60618

Legal three-unit property with a vacant middle unit and a newer garage, sold as-is.

Property SizeContact for details
Days on Market49

Property Features for 4322 N Monticello Avenue

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 3

Building Details

Year Built 1896
Listing Agency: Compass
Listed By: Dan Nelson · License #475202108
Source: Crexi
Added: Jul 6 Changed: Aug 8 Last Checked: Jul 29 at 2:50PM

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 Compass

Investment Insights

Based on property information with market context.

This legal three-unit residential income property includes three separate units, with the middle unit currently vacant and ready for an owner-occupant or a new tenant. A newer garage is already in place, and a new electrical panel has been installed. The property is being sold as-is.

Located in Albany Park, the building is described as sitting blocks from the Kimball Brown Line. The surrounding area includes new construction, and the property is positioned near Kedzie and Lawrence for nearby dining, transit, and everyday conveniences. Jensen Park and River Park are also within the neighborhood.

Two of the units are occupied, while the vacant unit provides immediate flexibility to move in or lease. The garage is noted as not currently being utilized by tenants.

Key Highlights

  • Legal 3‑unit property in Albany Park with a vacant middle unit, sold as‑is
  • Middle unit is vacant and ready for an owner‑occupant or for a new tenant at current market rents
  • Two additional units are already occupied

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Bed & Breakfast Tanning Salon Locksmith Clothing & Fashion 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,729
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Legal three-unit property with a vacant middle unit and a newer garage, sold as-is.
Where is this triplex located?
The property is located at 4322 N Monticello Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Legal 3‑unit property in Albany Park with a vacant middle unit, sold as‑is; Middle unit is vacant and ready for an owner‑occupant or for a new tenant at current market rents; Two additional units are already occupied
(773) 295-1751 Call to check price and availability
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