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Listing provided courtesy of Cedar RealtyMREDas Distributed by MLSGrid- MLS# 12589595MLS Provider

3816 W Montrose AvenueChicago, IL 60618

Multi-Family · 6 Beds
$875,000 Active

3816 W Montrose Avenue Overview

Time on Site:
110 days
Visits:
3

This 3-unit property is fully rented and a great income-producing investment opportunity or perfect for a Live/Work owner! Lots of recent updates: the roof was replaced 2 years ago, the front windows of the 2-bedroom were replaced in 2025, and both the 2-bed and the coach house have new electrical. The 1600 Sq. Ft. storefront is currently operating as a catering/restaurant business and is on a long-term, month-to-month rent, so that gives flexibility to the new owner. The second floor has a 2-bedroom, 1-bathroom plus enclosed porch and an outdoor patio and has been recently renovated, and it's currently rented out. The beautifully designed 2-bed unit features an in-unit laundry and a custom kitchen with stainless steel appliances and granite countertops, which are perfect for cooking and entertaining. The apartment boasts hardwood floors throughout, adding a touch of elegance to the space. It also has a private entry and central air and heat. The owner just finished the full gut rehab of the coach house in the back as well. The coach house has 4 bedrooms/2baths, and it's a 3-floor living space; it feels and lives like a single home. Gorgeous brand new kitchen with all the bells and whistles, and two brand new elegant bathrooms, in-unit laundry. With public transportation nearby, commuting is a breeze. Great upside potential

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3816 W Montrose Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Income/Expenses

  • Electric Expense: 425
  • Gross Income: 87588
  • Insurance Expense: 2500
  • Net Operating Income: 70978
  • Water Sewer Expense: 625

Building Information

  • New Construction: No

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Albany Park
  • Township: Jefferson

Tax Information

  • Tax Annual Amount: $13,061.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 13141240330000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 2

Beds/Baths

  • Bathrooms Total: 5
  • Bedrooms Total: 6
  • Bedrooms Possible: 6
  • Full Baths Building: 3

General Information

  • Basement: Unfinished, Crawl Space, Partial
  • Heating: Natural Gas
  • Rooms Total: 18

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Lot Size Dimensions: 27X118
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding, Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 2000
  • Beds Total: 0
  • Baths Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 2099
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 3200
  • Beds Total: 4
  • Baths Total: 2

3816 W Montrose Avenue Neighborhood

Community

60618 (Chicago) Demographics

34
Median Age
18,700
Population Density (per sq. mile)
56%
College Educated
$85,443
Estimated Median Income
17,732
Estimated Total Home Owners
18,219
Estimated Total Renters
49% / 51%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3816 W Montrose Avenue Monthly Cost

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Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3816 W Montrose Avenue Market Data

Based on the last 30 days in this zip code

$936,559
Average List Price
$465
Average Price per Square Foot
66
Properties Sold
72
Average Days on Market
152
Properties for Sale
Calculations provided by Reliance Network

3816 W Montrose Avenue History

Date Event Value Agent
3/16/2026Source: MRED Status Change
Active
3/16/2026Source: MRED Status Change
Active
3/11/2026Source: MRED Added to Database
March 11, 2026
3/11/2026Source: MRED Added to Database
March 11, 2026