Legal Three-Unit Multifamily

4322 N Monticello Avenue Chicago, IL 60618

Claim this Listing
New
For Sale
$499,000

MULTI_FAMILY - Chicago, IL

Added:
Jul 6, 2026
Days on Market:
5
Last Refresh:
Jul 10 at 7:06 pm

Property Features for 4322 N Monticello Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5
Parking
3
Parking features
Garage
Standard status
Active
APN
13143060320000

Taxes and HOA fees

Tax Year
2023
Tax Annual Amount
5928

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas

Building Details

Year built
1896
Building materials
Brick

Listing agent Dan Nelson License #475189264

Listing office Compass 1643 N Milwaukee Ave, IL

Listing date Jul 6, 2026

MLS# 12696057 Listing URL

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 legal 3-unit multifamily property offers a straightforward income-and-living layout. Two of the units are currently occupied, while the middle unit is vacant and ready for an owner-occupant or a new tenant. Updates include a new electrical panel, and a newer garage is also in place. The garage is not currently being utilized by tenants, which may allow the next owner to implement a parking solution. The property is being sold as-is.

Located at 4322 N Monticello Avenue in Chicago’s Albany Park, the building is described as being blocks from the Kimball Brown Line. The area includes surrounding new construction, and the immediate neighborhood placement places it near Jensen Park and River Park, with Kedzie and Lawrence providing convenient access to dining, transit, and everyday needs as noted in the remarks.

For buyers, this configuration supports multiple paths to value: an owner can move into the vacant unit while the other two units remain occupied, or an investor can reposition the vacant unit for leasing. With the existing electrical update and the newer garage already completed, the next owner can focus on tenant-ready improvements on their own timeline, while evaluating how to best use the garage going forward.

Key Highlights

  • Legal 3‑unit building with 5 bedrooms and 3 bathrooms across the units
  • Brick construction with natural gas heating and public sewer
  • Year built: 1896

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

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

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Legal three-unit property with a vacant middle unit and updates including a new electrical panel and newer garage.
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 building with 5 bedrooms and 3 bathrooms across the units; Brick construction with natural gas heating and public sewer; Year built: 1896
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