2948-2958 N Narragansett Avenue
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.
- Little Caesars 650 ft
- Wendy's 900 ft
- Jasmine Rise 0.2 mi
- McDonald's 0.2 mi
- Jimmy John's 0.2 mi
- Jerusalem Grill 0.3 mi
- Al-Bayan Grocery 0.3 mi
- Shell 0.3 mi
- 7-Eleven 0.4 mi
- Carnicerias Guanajuato 0.4 mi
- Jewel-Osco 0.5 mi
- Aldi 0.6 mi
- Bell Park 0.5 mi
- Riis Park 0.6 mi
- Watson Church Park 0.7 mi
- Shabbona Park 1.0 mi
- Rutherford Sayre Park 1.1 mi
- Aiello Park 1.1 mi
- Starbucks 0.3 mi
- Dunkin' 0.3 mi
- Dunkin' 0.4 mi
- Cakes & Beyond 0.4 mi
- Dunkin' 0.6 mi
- New Waves Cafe & Deli 0.9 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12530568