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3034-3040 W Montrose Ave 5 Unit Apartment Building $1,449,000 ($289,800/Unit) 7.73% Cap Rate Chicago, IL 60618

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EXECUTIVE SUMMARY

East Albany Park neighborhood at its best commercial corridor of retail/pedestrian traffic. The corner of Montrose Ave., at Whipple Ave., just east of Kedzie Ave., traffic light intersection. 2024, recent improvements exceeded $200,000. Approximately 7,470 Sq. ft. of land and 6,500 Sq. ft. of mixed-use building. 2-pin numbers front and back. Offering the possibility of erecting another multi/mixed-use building on the rear pin number with the address of 4410 N. Whipple Ave. Current existing building featuring 5-Commercial stores leased to 3-different tenants/users. 2-Residnetial units on the 2nd level, consisting of 2-bedrooms 1-bath each. NEARBY retailers, include, Walgreens, Starbucks, Dunkin Donates, restaurants and shops. Strong street presence and exposure. Walking distance to all convenient retailers, shops, entertainment places, and public transportation. Rear metal gated parking offers 15-Spaces. Great location, close to major roads, interstates, O’Hare Airport, downtown, and within short distance to Lake Shore Dr.

PROPERTY FACTS

Price $1,449,000
Price Per Unit $289,800
Sale Type Investment
Cap Rate 7.73%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 6,438 SF
No. Stories 2
Year Built 1922
Cross Streets N Whipple St.
Zoning B3-2

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Recycling
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 5 - -
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-13-127-033-0000
Land Assessment
$23,772
Improvements Assessment
$58,032
Total Assessment
$81,804
  • Listing ID: 35599896

  • Date on Market: 4/23/2025

  • Last Updated:

  • Address: 3034-3040 W Montrose Ave, Chicago, IL 60618

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