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3348 W Montrose Ave
Chicago, IL 60618
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 4 Rear Surface Parking Spaces
- 2 Bathrooms
- Smoothie Bar with Countertop Seating
EXECUTIVE SUMMARY
3348 W. Montrose is a storefront asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Albany Park neighborhood. The property consists of a single commercial space totaling 1,900 rentable square feet, built in 1980 with functional layout, smoothie bar, and on-site parking. Positioned along the Montrose Avenue corridor, the location offers strong visibility, steady traffic, and convenient access to neighborhood amenities and public transit, making it an appealing option for an investor seeking stable commercial income with long-term upside potential.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
1,920 SF
Building Class
C
Year Built
1980
Price
$250,000
Price Per SF
$130.21
Cap Rate
4.94%
NOI
$12,354
Tenancy
Single
Building Height
1 Story
Building FAR
0.73
Lot Size
0.06 AC
Zoning
B3-1 - B3-1 Zoning
Parking
4 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
21’ on W Montrose Ave
AMENITIES
- Fenced Lot
- Food Court
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 13-14-225-033-0000 | Improvements Assessment | $31,438 |
| Land Assessment | $24,063 | Total Assessment | $55,501 |
PROPERTY TAXES
Parcel Number
13-14-225-033-0000
Land Assessment
$24,063
Improvements Assessment
$31,438
Total Assessment
$55,501
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