There are multiple listings for this address:
2948-2958 N Narragansett Avenue
Chicago, IL, 60634
$1,500,000
4 Beds
3 Baths
0 SqFt
0.35 Acres
Add
MLS #MRD12527243 image #0
Rare opportunity to acquire an operating tow yard business and a multi-site Chicago real estate portfolio featuring three properties: 2958 N Narragansett Ave (Montclare tow yard/commercial site), 2948 N Narragansett Ave (adjacent income-producing two-flat), and 11629 S Green St (West Pullman industrial yard). The combined real estate value is appraised at $2,500,000, with the tow yard business valued at $1,000,000 (structured to support SBA financing eligibility, subject to lender requirements). Montclare – High-Visibility Commercial Corner + Yard: Situated on a signalized, high-traffic corner on Narragansett Avenue, the commercial parcel totals approximately 11,250 SF (approx. 90′ x 125′) and is improved with an approx. 2,500 SF one-story masonry/frame building (automotive/heavy commercial highest & best use). Features include 16′ clear ceiling heights, two oversized drive-in doors, climate-controlled office, fully fenced yard, and multiple access points from Narragansett, Wellington, and the rear alley, with full utilities (water/sewer/gas/electric). 2948 N Narragansett – Renovated Two-Flat (Income + Upside): Fully updated 2-unit building (approx. 2,837 GBA, low effective age) featuring a 3BR duplex and 1BR garden unit generating an estimated $3,100/month gross market rent (incl. water/sewer). Premium finishes include granite/marble surfaces, heated bathroom floors, luxury shower features, central A/C, hot water baseboard heat, tankless water heater, deck space, and a detached 2-car garage. Assemblage: The combined Narragansett parcels provide approximately 15,000+ SF with 120′ of frontage, corner visibility, and strong redevelopment/expansion potential. West Pullman – Industrial Zoned Yard & Building: 11629 S Green St is zoned M2-1 Light Industry and includes an approx. 8,525 SF one-story masonry industrial building (c.1956) on a 51,563 SF / 1.18-acre fenced site ideal for secure storage/parking. Improvements include approx. 18′ clear ceilings, two overhead doors, ceiling-hung heat, and office area with gas forced air & central A/C plus kitchen and two bathrooms. Utilities available; FEMA Zone X. Excellent regional access via I-57 (119th St) and nearby Halsted routes. Ideal for owner-users or investors seeking business + real estate, income, and industrial/commercial flexibility.

Property Details

Price:
$1,500,000
MLS #:
MRD12527243
Status:
Active
Beds:
4
Baths:
3
Type:
Land
Neighborhood:
chibelmontcragin
Listed Date:
Dec 10, 2025
Total Sq Ft:
13,862
Chi – Belmont CraginChibelmontcragin

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Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick, Wood
Roof
Rubber
Stories
1

Financial

Tax Year
2023
Taxes
$18,859

Map

Community

Market Summary

Current real estate data for Land in Chicago as of May 15, 2026
902
Land Listed
490
Avg DOM
$237,540
Avg List Price

Property Summary

    2948-2958 N Narragansett Avenue Chicago IL is a Land for sale in Chicago, IL, 60634. It is listed for $1,500,000 and features 0 acres.

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2948-2958 N Narragansett Avenue
Chicago, IL
2948-2958 N Narragansett Avenue
Chicago, IL, 60634
$3,500,000
Beds
0 Baths
0 SqFt
0 Acres
Add
MLS #MRD12530568 image #0
Rare opportunity to acquire an operating tow yard business and a multi-site Chicago real estate portfolio featuring three properties: 2958 N Narragansett Ave (Montclare tow yard/commercial site), 2948 N Narragansett Ave (adjacent income-producing two-flat), and 11629 S Green St (West Pullman industrial yard). The combined real estate value is appraised at $2,500,000, with the tow yard business valued at $1,000,000 (structured to support SBA financing eligibility, subject to lender requirements). Montclare – High-Visibility Commercial Corner + Yard: Situated on a signalized, high-traffic corner on Narragansett Avenue, the commercial parcel totals approximately 11,250 SF (approx. 90′ x 125′) and is improved with an approx. 2,500 SF one-story masonry/frame building (automotive/heavy commercial highest & best use). Features include 16′ clear ceiling heights, two oversized drive-in doors, climate-controlled office, fully fenced yard, and multiple access points from Narragansett, Wellington, and the rear alley, with full utilities (water/sewer/gas/electric). 2948 N Narragansett – Renovated Two-Flat (Income + Upside): Fully updated 2-unit building (approx. 2,837 GBA, low effective age) featuring a 3BR duplex and 1BR garden unit generating an estimated $3,100/month gross market rent (incl. water/sewer). Premium finishes include granite/marble surfaces, heated bathroom floors, luxury shower features, central A/C, hot water baseboard heat, tankless water heater, deck space, and a detached 2-car garage. Assemblage: The combined Narragansett parcels provide approximately 15,000+ SF with 120′ of frontage, corner visibility, and strong redevelopment/expansion potential. West Pullman – Industrial Zoned Yard & Building: 11629 S Green St is zoned M2-1 Light Industry and includes an approx. 8,525 SF one-story masonry industrial building (c.1956) on a 51,563 SF / 1.18-acre fenced site ideal for secure storage/parking. Improvements include approx. 18′ clear ceilings, two overhead doors, ceiling-hung heat, and office area with gas forced air & central A/C plus kitchen and two bathrooms. Utilities available; FEMA Zone X. Excellent regional access via I-57 (119th St) and nearby Halsted routes. Ideal for owner-users or investors seeking business + real estate, income, and industrial/commercial flexibility.

Property Details

Price:
$3,500,000
MLS #:
MRD12530568
Status:
Active
Beds:
0
Baths:
0
Type:
Business
Neighborhood:
chibelmontcragin
Listed Date:
Jan 12, 2026
Total Sq Ft:
13,862
Chi – Belmont CraginChibelmontcragin

Ask a Question

See this Listing

Send
  

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick, Wood
Roof
Rubber
Stories
1

Financial

Tax Year
2023
Taxes
$18,859

Map

Community

Market Summary

Current real estate data for Business in Chicago as of May 15, 2026
902
Business Listed
490
Avg DOM
$237,540
Avg List Price

Property Summary

    2948-2958 N Narragansett Avenue Chicago IL is a Business for sale in Chicago, IL, 60634. It is listed for $3,500,000

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