2958 N Narragansett Avenue, Chicago, IL 60634
Local realty services provided by:ERA Naper Realty
2958 N Narragansett Avenue,Chicago, IL 60634
$1,000,000
- 0.26 Acres
- Lots / Land
- Active
Listed by: adam lenchner, cecil sabu
Office: allure real estate
MLS#:12527047
Source:MLSNI
Price summary
- Price:$1,000,000
About this home
Secure a strategic commercial asset at 2958 N Narragansett Ave, featuring a high-visibility, corner signalized site spanning 11,250 square feet (with dimensions of 90 X 125) in Chicago's Montclare neighborhood, located directly on Narragansett Avenue, a main north/south thoroughfare. This prime rectangular parcel is improved with a solid one-story, 2,500 square foot, masonry and frame constructed commercial/auto repair type building, originally built in 1942 (82 years old) and currently maintained in average overall condition. This property's continued operation as a commercial development is recognized as the highest and best use of the improved site. The turn-key commercial structure offers critical operational features necessary for heavy motor vehicle users, including impressive 16 foot clear ceilings in the shop area, two large overhead doors, dedicated small office space that is separately climate-controlled, and a fully fenced yard. The site boasts optimal access from Narragansett, Wellington Avenue (frontage along Wellington), and a crucial rear alley featuring multiple curb cuts. All normal utilities, including sewer, water, gas, and electricity, are available to the site. For strategic developers or expanding businesses seeking maximum density, 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 substantial contiguous site totaling approximately 15K+ total 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 rare combined offering presents immense potential for an integrated commercial operation, significant expansion, or complete ground-up redevelopment opportunity....
Contact an agent
Home facts
- Listing ID #:12527047
- Updated:May 16, 2026 at 10:48 AM
Structure and exterior
- Lot area:0.26 Acres
Finances and disclosures
- Price:$1,000,000
- Tax amount:$18,301 (2024)
Parking
- Parking description:Concrete
New listings near 2958 N Narragansett Avenue
- Open Sun, 12 to 2pmNew
$335,000Active2 beds 2 baths1,250 sq. ft.901 S Plymouth Court #702, Chicago, IL 60605
MLS# 12636596Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - Open Sun, 1 to 3pmNew
$825,000Active4 beds 4 baths2,966 sq. ft.3526 W Mclean Avenue, Chicago, IL 60647
MLS# 12639230Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - Open Sun, 1 to 3:30pmNew
$950,000Active5 beds 4 baths3,058 sq. ft.2709 W Sherwin Avenue, Chicago, IL 60645
MLS# 12642784Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - Open Sat, 11am to 2pmNew
$475,000Active2 beds 2 baths1,241 sq. ft.2605 W North Avenue #2A, Chicago, IL 60647
MLS# 12643880Listed by: AMERICAN HOMES REAL ESTATE CORP. - New
$749,900Active4 beds 3 baths1,950 sq. ft.8135 W Rascher Avenue, Chicago, IL 60656
MLS# 12647967Listed by: RED CARPET INVESTMENT GROUP IN - New
$590,000Active4 beds 3 baths939 N Harding Avenue, Chicago, IL 60651
MLS# 12648211Listed by: AMERICORP, LTD - New
$239,999Active3 beds 2 baths1,800 sq. ft.10339 S Calumet Avenue, Chicago, IL 60628
MLS# 12649174Listed by: COMPASS - Open Sat, 10am to 11pmNew
$124,900Active4 beds 1 baths1,134 sq. ft.8845 S Carpenter Street, Chicago, IL 60620
MLS# 12649179Listed by: EXP REALTY - Open Sun, 12 to 2pmNew
$429,000Active5 beds 3 baths4924 W Congress Parkway, Chicago, IL 60644
MLS# 12649242Listed by: REALTY OF AMERICA, LLC - New
$385,900Active3 beds 2 baths1,160 sq. ft.6122 N Winthrop Avenue #B, Chicago, IL 60660
MLS# 12649467Listed by: VNT REALTY