MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST DUE SUNDAY, 9/27 by 12pm. This brick multi-unit building in Albany Park is a rare house-hacker and investor opportunity, with 3 spacious 3-bedroom units, a fully finished lower level, and recent big-ticket upgrades already done. These large 3 bedroom units, each with a primary bedroom, formal dining, sunlit living room, and a bright sun room. Market rent runs approximately $2,300 to $2,600 per unit. Expansive finished lower level with its own kitchen and full bath, perfect for extended-family living, a private guest suite, or generous owner space. NEW building roof and NEW garage roof, so the major capital expenses are already handled. Detached garage plus an additional parking pad, opening the door to extra parking rental income. On-site coin-operated laundry for another stream of supplemental revenue. ADU upside: Zoned multi-unit residential, where Chicago’s permanent Additional Dwelling Unit ordinance (effective April 2026) now permits ADUs by-right. Buyers may have a path to explore legalizing additional living space as a conforming ADU, adding a potential third income stream. Buyer to verify ADU eligibility and approvals with the City of Chicago Steps to the CTA Brown Line, Kedzie and Lawrence dining and shopping, Ronan Park, and the Chicago River trail, with fast access to downtown and the expressways. Albany Park is one of the city’s most in-demand rental corridors, and tenants want to be here. Live in one unit, rent the others, and let parking and laundry pad your bottom line. Whether you are building generational wealth, buying your first investment, or growing a portfolio, this is the kind of Albany Park building that does not last. Schedule your private showing today.
Property Details
Price:
$674,999
MLS #:
MRD12713376
Status:
Active Under Contract
Beds:
9
Baths:
3
Type:
Multi Family
Neighborhood:
chialbanypark
Listed Date:
Jul 22, 2026
Year Built:
1916
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick
Fencing
Fenced
Garage Spaces
2
Parking Features
Garage Door Opener, Garage, Yes, Garage Owned, Detached, Assigned, Owned
Parking Spots
3
Parking Total
3
Patio And Porch Features
Porch
Roof
Rubber
Financial
Tax Year
2024
Taxes
$11,692
Map
Community
- Address4918 N Monticello Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60625
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 11, 2026
1,352
Multi Family Listed
76
Avg DOM
$525,571
Avg List Price
Property Summary
- 4918 N Monticello Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60625. It is listed for $674,999
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Copyright 2026. All rights reserved.
4918 N Monticello Avenue
Chicago, IL


