There are multiple listings for this address:
MLS #MRD12527243 image #0MLS #MRD12527243 image #1MLS #MRD12527243 image #2MLS #MRD12527243 image #3MLS #MRD12527243 image #4MLS #MRD12527243 image #5MLS #MRD12527243 image #6MLS #MRD12527243 image #7MLS #MRD12527243 image #8MLS #MRD12527243 image #9MLS #MRD12527243 image #10MLS #MRD12527243 image #11MLS #MRD12527243 image #12MLS #MRD12527243 image #13MLS #MRD12527243 image #14MLS #MRD12527243 image #15MLS #MRD12527243 image #16MLS #MRD12527243 image #17MLS #MRD12527243 image #18MLS #MRD12527243 image #19MLS #MRD12527243 image #20MLS #MRD12527243 image #21MLS #MRD12527243 image #22MLS #MRD12527243 image #23MLS #MRD12527243 image #24MLS #MRD12527243 image #25MLS #MRD12527243 image #26MLS #MRD12527243 image #27MLS #MRD12527243 image #28
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

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick, Wood
Roof
Rubber
Stories
1

Financial

Tax Year
2023
Taxes
$18,859

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Beth is originally from Southern Illinois where she attended SIU-Carbondale and relocated to the area over 15 years ago. Her husband Mike grew up in Spring Valley, Illinois and they moved to Putnam County 7 years ago. Beth is passionate about real estate, and her love for “fixer-uppers” definitely came from her father. “I grew up hanging out at the local lumber yard that my father managed. I loved looking through blueprints and also tagging along with him to check on his rentals and inves…

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2948-2958 N Narragansett Avenue
Chicago, IL
MLS #MRD12530568 image #0MLS #MRD12530568 image #1MLS #MRD12530568 image #2MLS #MRD12530568 image #3MLS #MRD12530568 image #4MLS #MRD12530568 image #5MLS #MRD12530568 image #6MLS #MRD12530568 image #7MLS #MRD12530568 image #8MLS #MRD12530568 image #9MLS #MRD12530568 image #10MLS #MRD12530568 image #11MLS #MRD12530568 image #12MLS #MRD12530568 image #13MLS #MRD12530568 image #14MLS #MRD12530568 image #15MLS #MRD12530568 image #16MLS #MRD12530568 image #17MLS #MRD12530568 image #18MLS #MRD12530568 image #19MLS #MRD12530568 image #20MLS #MRD12530568 image #21MLS #MRD12530568 image #22MLS #MRD12530568 image #23MLS #MRD12530568 image #24MLS #MRD12530568 image #25MLS #MRD12530568 image #26MLS #MRD12530568 image #27MLS #MRD12530568 image #28
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

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick, Wood
Roof
Rubber
Stories
1

Financial

Tax Year
2023
Taxes
$18,859

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

Brandi Kunkel was born and raised in rural Spring Valley. Her husband, Brad, is a lifelong resident of Seatonville. Brandi enjoys spending time with her family, her dog Chelly, and her 6 Guinea Pigs. Brandi loves meeting new people and being able to serve both new and old friends. “What drew me to real estate is the investigative work of determining the needs of my client, researching properties, and presenting them with the options that check their boxes. I love being able to take away the f…

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