Located in Chicago’s Irving Park neighborhood, 3821 N. Monticello is situated on a quiet, one-way residential street surrounded primarily by single-family homes and two-flats. Nine of the ten units have two bedrooms and one bathroom and newly renovated kitchens with stainless steel appliances, granite and maple cabinets. A tenth one-bedroom, one-bath garden unit was recently added to utilize excess space in the basement. All of the units have separate furnaces and the tenants pay their own utilities.
The property is exactly a half mile from 90/94 and the Irving Park Blue Line. Independence Park is just a five minute walk as is Irving Park Road which provides a plethora of food and shopping options.
“Many of the tenants have been in the building long term and the rents have not kept pace with the current market which should provide additional upside for the buyer,” said Matt Jones of Kiser Group who represented the seller in this exclusive Kiser Group listing. Chicagoland Brokers Inc. represented the buyer in this $1,450,000 sale on October 19, 2015.
Closing Date: 10/19/2015View Additional Details