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3034-3040 W Montrose Ave 7 Unit Apartment Building $14,490,000 ($2,070,000/Unit) Chicago, IL 60618
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 200K. Approximately 7,500 Sq. ft. of land and 6,500 Sq. ft. of mixed-use building. 2-pin numbers front and back with address 4410 N. Whipple Ave. used for parking lot. 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 of Lake Shore Dr. 1-commerical space is vacant now.
Property Facts
| Price | $14,490,000 | Building Class | C |
| Price Per Unit | $2,070,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,438 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Cross Streets | N Whipple St. |
| Apartment Style | Low-Rise | ||
| Zoning | B3-2 - Zoning Type: B1-1 Actual Zoning: Commercial | ||
| Price | $14,490,000 |
| Price Per Unit | $2,070,000 |
| Sale Type | Investment |
| No. Units | 7 |
| 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 - Zoning Type: B1-1 Actual Zoning: Commercial |
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 | 7 | - | - |
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 13-13-127-033-0000 | Improvements Assessment | $58,032 |
| Land Assessment | $23,772 | Total Assessment | $81,804 |
Property Taxes
Parcel Number
13-13-127-033-0000
Land Assessment
$23,772
Improvements Assessment
$58,032
Total Assessment
$81,804
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3034-3040 W Montrose Ave
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