1940 North Monticello Avenue, Chicago, IL, 60647

About 1940 North Monticello Avenue

MOTIVATED SELLER - priced to sell! Welcome to 1940 N Monticello Ave - a beautifully renovated legal 2-flat with a finished garden unit, located just steps from the 606 Bloomingdale Trail and all that Logan Square has to offer. This property is the perfect blend of vintage charm and modern convenience, featuring comprehensive updates from top to bottom. Each unit boasts stylish finishes, updated plumbing and electrical, newer windows, and three modern kitchens with stainless steel appliances. The building offers 4 updated bathrooms, a newer roof (2022 overlay), exterior wall insulation, and updated mechanicals, including a new furnace and condenser for the first floor unit, plus two mini splits for the garden unit. The 2nd floor unit has 4 beds/2 baths and is currently vacant but could be rented for $2700+/mo, while the 2 bed/1 bath garden unit brings in $2,000/month (leased through 10/20) as a fully furnished mid-term rental, providing excellent income from day one. All garden unit furniture is included in the sale. The spacious 2 bed/1 bath first-floor unit is currently owner-occupied and can be delivered vacant, making it ideal for house hacking or increasing your rental income potential (market rent ~$2200/mo). Additional features include a 2-car garage & carport for extra income (previously the garage was rented for $200/mo), and a prime location close to parks, restaurants, cafes, and public transportation. Whether you're a seasoned investor or a first-time buyer looking to live in one unit and rent out the others, this property offers flexibility, stability, and long-term value in one of Chicago's most sought-after neighborhoods.

Additional Information: This property is located in the CHI - Logan Square neighborhood, IL. This 8 bedrooms two to four units property is priced at $830,000.

Listing Map